Ricardo.de Passes eBay Germany With More Than 400,000 Subscribers; Ricardo.de AG to launch International B2B Auction; Web Site in the First Quarter of 2000,ricardoBiz.com.Business Editors/Internet Writers & Reporters HAMBURG, Germany--(BUSINESS WIRE)--Dec. 30, 1999 Ricardo.de, the only online auction house in the world with a live auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. , surpassed eBay Germany with more than 400,000 subscribers making it one of the fastest growing e-commerce businesses in Europe. Ricardo.de offers all kinds of products and services daily on the live channel as well as thousands of products on both ricardo.de nonstop HP's brand name for its fault-tolerant servers, which range in size from four CPUs to 4,000 CPUs. The NonStop line was created by Tandem Computers, which was acquired by Compaq, which later became part of HP. and ricardo private. At www.ricardo.de everyone can find exactly what they're looking for- the bargain hunter Bargain hunter In the context of general equities, purchaser who is extremely selective in the price sought on a transaction. , the rarity collector, the technology buff and the art collector. The Ricardo.de AG (stock index number 702070) is listed on the Neuer Market in Frankfurt since July 21, 1999, the symbol is ricardo. Ricardo.de to launch a completely new e-commerce concept in January 2000 with the first international Business to Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) auction site. The site will offer all types of trading with flexible prices. In addition, general and category specific trade information, appropriate to each sector will be available in co-operation with brand-name partners. RicardoBiz.com will also offer various discussion forums for an exchange of information and opinions. The business community will find a unique shopping experience at the Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. www.ricardoBiz.com. "ricardoBiz.com will combine Commerce, Content, and Community to establish a successful trading floor for the business community of the next millennium," says Dr. Jan-Henrik Andersson, manager of ricardoBiz.com "Our product range and services will reach out far beyond Internet auctions. That's why we call it Dynamic Commerce." The product range will extend from energy through real estate and all the way to ball bearings ball bearings n → roulement m à billes , remainders, storage capacities and personnel. The buyer and seller will agree on payment and delivery method between themselves after the auction. Participants can initially offer their products at six trading locations and can profit from the advantages of the dynamic price-determining mechanisms in contrast to the fixed price system, which dominates the market at the moment. Additional price-determining mechanisms such as invitations to tender, Dutch auctions Dutch Auction An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price. Notes: The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities. , English auctions In an English auction (also called an Open-outcry auction), the auctioneer begins the auction with the reserve price (lowest acceptable price) and then takes larger and larger bids from the customers until no one will increase the bid. The item is then sold to the highest bidder. , reverse auctions, barter transactions, scouting functions and pooling (several buyers team together to achieve a more favorable price) will be introduced in the first quarter of 2000. By starting ricardoBiz.com, ricardo.de is expanding its field of business, strengthening its position as market leader among Germany's online auction houses. "Active Media estimates revenues in B2B auctions at $16 Billion," explained Jan-Henrik Andersson. "ricardo.de will use its position as market leader to claim a huge market share of this fast growing area. This concept provides all of the prerequisites not only to become Number 1 in Germany but also the world-wide market leader." |
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