04-30-2008, 10:16 AM
Is Ubid finally admitting what we already knew - its sole reason for acquiring Bidville was to get its hands on Bidville's 1-million member name mailing list?
full article: http://www.auctionbytes.com/cab/abn/y08/m04/i30/s01
Quote:Bidville does not fit in with its parent company's strategy, according to uBid.com Holdings CEO Jeffrey Hoffman, who said he is considering various options, including the possibility of selling the Bidville site. The auction site was conspicuously absent from last week's press release outlining uBid's new strategy, so AuctionBytes sat down with Hoffman to learn more about plans for the C2C auction site.
"As a public company, part of what our shareholders want us to do is to find positions where we can be in industry leader, and of course, Bidville is in a market space where there's an 800-pound, 8000-pound, gorilla already in the space. So it's a little more difficult for me to justify spending public funds in a public company continuing to develop a site that I can't claim will ever particularly be a leader."
Hoffman, who joined uBid late last year, said he has to decide if Bidville fits in with the overall business strategy of uBid, and said he'll be making the decision "in weeks, not months."...
full article: http://www.auctionbytes.com/cab/abn/y08/m04/i30/s01