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Technology Stocks : eBay - Superb Internet Business Model
EBAY 90.36-0.1%10:51 AM EST
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To: Cathedra who wrote (3220)5/18/1999 8:26:00 PM
From: ShortyBear   of 7772
 
Looks like Ebay is trying very hard to sell cars over the
internet, which makes sense because cars cost a lot of
money and would therefore have high dollar commissions.

It is possible that the regional LA auction was another
attempt to do the same thing, however that attempt may not be
working well enough. One problem with selling cars over the
Internet is those customers who want to go for a test drive
go to a dealer, and the rest probably go to car websites that
have been around longer like autobytel.

For collectible cars, it would seem like direct inspection
is even more necessary than for new cars. Unfortunately,
it's not clear how the customer can inspect a car directly
over the Internet, so the Kruse acquisition may not pass
some people's "common sense" test. (However, even if the
synergy between Kruse and Ebay turns out to be weak, hopefully
Kruse didn't sell out because they are unprofitable, so they
should add something to the bottom line.)

In any case, I wonder what will prevent the owners of Kruse
from immediately cashing in their 2 Million shares on the
open market. I wonder if there is any way to prevent that?
Hopefully, they will at least average out over a few months.
Of course, they may be bullish enough on Ebay stock to hold
a some percentage and not diversify.
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