Creative computers recently sold approximately 20% of its internet auction subsidiary, ubid, to the public at $15 per share ubid's stock price closed the first day of trading at $48, giving ubid. Mall - ubid arbitrage creative computers ubid arbitrage - how it works hidden dangers mall vs ubid june 8, 1999 each creative computers shareholder receives 07159 ubid share for 1 mall share december 9, 1998 mall price is $2275 ubid price is $356875 7159$356875 . Creative computers sold approximately 20% of its internet auction subsidiary, ubid, to the public at $15 per share ubid's stock price closed the first day of trading at $48, giving ubid a $439 million market capitalization. For ubid and retek, we used the ratio from the crsp shares outstanding for palm and stratos, we always used the ratios provided by spin‐off advisors for pfsweb, we used the ratio provided by spin‐off advisors until march 2000 and then used the crsp shares.
One local company is helping to fuel the recent surge of internet-related stocks online auctioneer ubid inc, which went public at $15 a share on dec 4, saw its stock price skyrocket to $188 on. Short pada ubid dan membeli creative computers0184 secara teoritis pada long position will be 50-2215 persaham23 per saham menerapkan strategi akan sulit karena fakta bahwa arah masa depan pergerakan harga saham tidak pasti5 total lost akan menjadi -115 terutama karena melibatkan posisi short688-200) = -$115. Ubidcom is an online auction style and fixed-price shopping website that offers both goods sold directly by the company and items sold by pre-approved third party ubid-certified merchants.
Creative computers, inc, 2645 maricopa street, torrance, ca 90503 correspondent: leland h chait sugar & felsenthal llp 30 north lasalle street suite 3000 , chicago , il 60602 ubid (trademark. Ubid, inc, a majority-owned subsidiary of creative computers, inc, for the year ended december 31, 1998, which was filed with the commission on march 31, 1999 (the u bid 1998 10-k) creative and u bid are. 2 rate of return creative computers = $ 32 625 ubid = $ 34 00 payoff for long position = (computer price in end - computer price beginning) + 0 715 ubid price in 6 months = (32 625 - 22. Ubid is an online auction e-commerce site which sells merchandise through live-action bidding and offers a rotating inventory of computers, electronics, housewares, and recreation products. 3 part i item 1 business general pc mall, inc (the company), formerly ideamall, inc and creative computers, inc, founded in 1987, is a rapid response supplier of computer hardware, software, peripheral and electronics products.
Computer cables are essential for powering and utilizing your pc or laptop, connecting external devices and peripherals to enhance the experience if your camera or camcorder doesn't have removable memory, usb and micro usb cables can get your media transferred from hardware to software devices. Ubid, which claims to have more than 3 million registered users, was founded in april 1997 as a division of creative computers, a us catalog retailer hp rival ibm has a sales and marketing channel partnership with ubid rival ebay. Collections recommender the apps, books, movies, music, tv shows, and art are inspiring our some of the most creative people in business this month. Exhibit 103 tax indemnification and allocation agreement (as amended) exhibit 103 tax indemnification and allocation agreement (as amended) tax indemnification and allocation agreement dated as of december 7, 1998 by and between creative computers, inc, a delaware corporation (cci) and ubid, inc, a delaware corporation (ubid. -ubidcom is an online marketing business founded in 1997 that is owned by ubid holdings -the company provides goods from manufacturers to the consumers through the internet at prices lower than the market price and wholesale prices at fixed and auction options.
What is the current stock market valuation of creative computers and of ubid from mgt 4067 at georgia institute of technology. But creative computers , a direct pc vendor from which ubid was spun off, fell 7-3/8 to 27-7/8, or nearly 21 percent meanwhile, ubid rival ebay , itself a recent blockbuster. In order to increase awareness of its internet portion of their business creative computers announced an ipo on july 6, 1998 in six months' time twenty-percent of ubid shares were up in an ipo and eighty-percent were distributed to shareholders of creative computers in a tax free spinoff six months after the initial ipo. Creative computers and shorting ubid, as the mispricing may exist or worsen longer than the hedge fund can remain solvent we also wouldn't want to purchase either stock, as ubid's stock is likely to crash when the mispricing corrects itself. Our tutors are available 24/7 to assist in your academic stuff, our professional writers are ready to serve you in services you need we do assist you in solving case for strategic capital management, llc (a).
Creative computers, inc (the company), founded in 1987, is a direct marketer of personal computer hardware, software, peripheral products and consumer electronics the company offers products. Current stock market valuation of creative computers and ubid creative computers: $2275 10,238,703 =$232,930,493 ubid: $356875 9,146,883 =$326,429,387 creative's stake in ubid = $356875 (9146883 - 1817000) =$261, 585, 199 creative computers market value balance sheet the sum of the known assets are greater than the sum of the known. © 2018 harvard business school publishing all rights reserved harvard business publishing is an affiliate of harvard business school. Strategic capital management, llc (a) proper capital management, llc, is really a hedge fund that's likely to make financial opportunities in creative computer systems and ubid creative computer systems lately offered roughly 20% of their internet auction subsidiary, ubid, towards the public at $15 per share.
Now creative has decided it's time to move on, and the market is responding today: creative shares were up almost 27 percent in mid-afternoon trading, and ubid shares had gained 4 percent.