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Technology Stocks : eBay - Superb Internet Business Model
EBAY 91.48+1.1%Jan 6 3:59 PM EST
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To: James1000 who wrote (2742)4/20/1999 10:22:00 PM
From: puborectalis   of 7772
 
Auction action: York might not like eBay, but Jacob does. He didn't buy the
stock in the IPO, fearing rivals like Yahoo! and Excite would undercut its
auction business; eBay charges a seller premium and they don't. "Without
that charge, they wouldn't be profitable," he notes. "When we became
convinced eBay's model would hold, we became shareholders." Citing strong
margins and plenty of room for expansion, Jacob expects revenues to surge
from less than $50 million last year to more than $1 billion within four years.
"We think earnings growth could easily double to triple within the next few
years," he says.

From MSN Investor column on internet funds.
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