Newegg.com sets up product development/IPO headquarters in Taiwan

[NFS4]

:shocked: :shocked: :shocked: :shocked:

http://www.digitimes.com/news/a20040917A7047.html

 

[ElFenix]

the company plans to list its shares on the NASDAQ stock exchange next year

:thumbsup:

 

[cliftonite]

Holy crap I never realized that they are so large :Q

 

[Tiamat]

Wow, i knew they were popular, but i didnt know THAT well known!

 

[iamme]

daaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaamn!

:beer: here's to hoping they maintain the same customer service and prices that made them successful.

 

[gotensan01]

this may be the first stock I ever buy :thumbsup:

 

[Homerboy]

could be good could be bad... kudos to newegg for doing things right from the get-go.. hopefully they maintain (or even better?!?! ) their service and pricing.

Stock hey?.... I maybe in....

 

[CptObvious]

Newegg.com was established in 2001 and had revenues of US$526 million in 2003, making it the sixth-largest online computer and electronics vendor in the US, ranking behind Dell, Best Buy, Circuit City, eMachines, and Buy.com, Hsieh said, quoting a US-based Hitwise report.

How can they be bigger than Amazon?

Crap...accidentally printed the article to the office printer. Time to make a casual stroll over there

 

[welst10]

<<sixth-largest online vendor in US>>

CORRECTION: they're the 6th largest PC and electronics online retailer.

 

[RU482]

Newegg.com expects its revenues to hit US$1 billion this year and increase to US$2 billion in 2005

pretty ambitious growth projection

 

[welst10]

Originally posted by: CptObvious

Newegg.com was established in 2001 and had revenues of US$526 million in 2003, making it the sixth-largest online computer and electronics vendor in the US, ranking behind Dell, Best Buy, Circuit City, eMachines, and Buy.com, Hsieh said, quoting a US-based Hitwise report.

How can they be bigger than Amazon?

Crap...accidentally printed the article to the office printer. Time to make a casual stroll over there

Amazon belongs to a different category obviously

 

[welst10]

Originally posted by: redly1

Newegg.com expects its revenues to hit US$1 billion this year and increase to US$2 billion in 2005

pretty ambitious growth projection

They're doing well in China too. Text

 

[CptObvious]

Originally posted by: welst10

Originally posted by: CptObvious

Newegg.com was established in 2001 and had revenues of US$526 million in 2003, making it the sixth-largest online computer and electronics vendor in the US, ranking behind Dell, Best Buy, Circuit City, eMachines, and Buy.com, Hsieh said, quoting a US-based Hitwise report.

How can they be bigger than Amazon?

Crap...accidentally printed the article to the office printer. Time to make a casual stroll over there

Amazon belongs to a different category obviously

Ah, I see...they sell books, music, and movies, unlike the other vendors on that list.

 

[Aharami]

damn $2 bil by 2005!!?!

 

[3point14]

Yeah, but the real question is "What about TigerDirect?"

 

[RU482]

Hmm, on the chinese site, they list an Abit NF7 mobo for 490.00. Assuming it's Chinese Yuan...that's $59.20
cheapest on the US site is $69.18

 

[NFS4]

This was posted in the "comments" section of the news article I posted on the front page:

I actually work a few miles from their main office in LaVerne, CA. I never even knew how close I was to them until I was talking to the FedEx delivery lady one day, and she told me that NewEgg is one of FedEx's biggest customers in the nation. They ship thousands of packages out of the warehouse every day and operate almost around the clock. It's easy to see why they're doing so well, they work very very hard.

:shocked:

 

[PoPPeR]

its funny, I used to love buying stuff from newegg but I really haven't done that the past couple of years. Been able to find my stuff elsewhere cheaper somehow... but still thumbs up to newegg. Hope they keep it up

 

[thawolfman]

:Q:Q:Q

 

[Mr. Lennon]

When I was a nooob at buying stuff from the internet I bought from them. Until I found out that there are places that dont charge tax...

 

[Wahsapa]

Originally posted by: redly1
Hmm, on the chinese site, they list an Abit NF7 mobo for 490.00. Assuming it's Chinese Yuan...that's $59.20
cheapest on the US site is $69.18

im pretty sure thats becase the motherboards are shipped from an hour off the china cost and not across the worlds largest ocean. somebody needs to make a startrek teleporter already...

 

[mwtgg]

Originally posted by: Zeppelin2282
When I was a nooob at buying stuff from the internet I bought from them. Until I found out that there are places that dont charge tax...

Kinda hard to do when a ton of the online comp stores are in CA, isn't it?

 

[gotsmack]

I used to order from newegg until they opened a warehouse in NJ and now I have to pay tax. They should have openeded in tax free state like Vermont. I order from Zipzoomfly now.

 

[prontospyder]

go Newegg!

 

[Balt]

I worry a bit about the idea of them becoming a common stock company.

They will need to meet/exceed projections to keep their bitching shareholders happy, which means increasing profits and decreasing costs in any way possible.

How will they decrease costs? First thing they will do is cut back on customer service, just like every other big company out there already has.

I hope that doesn't happen, but it's hard to have much faith anymore.