| 7:43 am on Mar 12, 2003 (gmt 0)|
A very interesting snippet:
|They hoped to ride a wave of enthusiasm created by an initial offering of Google, the big search engine, which is expected to go public sometime later this year. Dealtime, they figured, could position itself as the Google of shopping. Indeed, the company has quietly purchased the Web address shopping.com from CMGI's Alta Vista and used it for a version of its service with spare graphics that is meant to look like Google's site. |
But analysts say that Google may shape up to be more of a rival. It is testing Froogle, its version of a comparison shopping site.
Everyone is just waiting for this Google IPO to magically cure the markets.
| 7:45 am on Mar 12, 2003 (gmt 0)|
How much would you pay for a site that has 500+ links in DMOZ ;) Not saying anything is wrong with it, they have unique content and all but thats some linkage with dmoz!
| 7:49 am on Mar 12, 2003 (gmt 0)|
Yeah, I think Google is counted on by a lot of people. I hope the IPO does cure things a bit, but If it does, I think it will just be temporary.
I also liked the part about making their graphics look like google graphics.
I also think that once FROOGLE is in full force, that Shopping.com has no chance to compete. Maybe in their more niche electronics market, but not overall.
| 7:54 am on Mar 12, 2003 (gmt 0)|
One of the cofounders of Epinions is Ramanathan V. Guha, who started the ODP and co-created RDF, Resource Description Framework (not to mention Hotsauce).
| 8:00 am on Mar 12, 2003 (gmt 0)|
Weren't they pr9 last year?
| 8:10 am on Mar 12, 2003 (gmt 0)|
Looks like search, and shopping, are both markets tending to creating oligopolies. :)
| 9:19 am on Mar 12, 2003 (gmt 0)|
The remedy for the market involves cures 100x larger than a Google IPO. It might be a shot in the arm for the TECH market, but even that cannot be sustained until present global factors are decisively remedied and investor confidence is restored. An IPO from Google is not going to accomplish all of that by itself. If Wall Street is seeking such relief from one company then it betrays a desperation that is alarming.
I'll buy silver and gold by the ounces before I will invest in the market in a time like this. IPO shares will be reserved for the major investment houses who can buy at the initial price and see it double, triple by the end of the day. Ninety days later most of them will be dumped and the profit will be made on the backs of the small investor just buying in. If you are a small investor hoping to buy at the IPO price on the first day, forget it. It will never happen.
The hype building up to this IPO is so huge that 90 days after the first day as a publicly traded company, the Google stockchart will look like a yo yo being played by a boy walking DOWN a flight of stairs. High and low dips that gradually go down over the next two years, undoing the leap made in the first 90 days. Google would have to continually offer profit potential bells and whistles to spike it's share price.
End the Iraq debacle, crush Al Quaeda and offer a period of time, 1-2 years, for the public to forget about the WorldComs and Tycos and Waskals and Enrons, and then maybe the market will start to come back.
| 2:49 pm on Mar 12, 2003 (gmt 0)|
A great insight Zapatista, I agree.
| 5:46 pm on Mar 12, 2003 (gmt 0)|
If I had the spare cash I would be investing in the markets now. If everybody else is saying don't buy, that is good enough reason for me to get buying.
Hmm, wonder why I don't have any spare cash? ;)
Can't see the Google IPO being a great one for private investors, unless the markets get even worse and Googel is vlaued accordingly. Personally I can't see them going for it unless they are confident of a good uptake at a good valuation
| 7:15 am on Mar 13, 2003 (gmt 0)|
Zapatista -- my bet is there will be no Google IPO any time soon because the price-setters in this marketspace (Overture, Alta Vista, Fast) have pushed the price point downward. Kleiner, Perkins want their money back and then some. Next year? Two years from now? Who knows. If Google is really profitable, this decision shouldn't be too hard. If it's not, the company is burning a hole in the hands of the current shareholders.
| 8:25 pm on Mar 13, 2003 (gmt 0)|
yeah, I just did a search for "my keywords" at shopping.com and I saw my Google adwords at the bottom. Under "Alternate Resources"