While obsolete products can be bought and sold through USBid, Heyes says 95 percent of sales so far have been new. Of course, USBid isn't the only online exchange out there. HP and Compaq have set up Ehitex with AMD, Aligent and others, while IMB, Seagate and Ace have combined to form E2open. A Hong Kong-based portal called Chipmaster is also offering an online sales channel. Its 'reverse auction' is similar to the RFQ in that buyers post details of what they want to buy and indicate a target price.
Sellers can then enter their lowest bids.
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