Definition of “undercutting”:

Me:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120163294055
Starting time: Sep-27-07 19:45:00 PDT (scheduled, so as to begin after other auctions ended)
Starting bid: US $49.99
Duration: 7-day listing

The other guy:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170153862318
Starting time: Sep-27-07 20:27:48 PDT
Starting bid: US $0.89
Duration: 7-day listing