eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 85.36

+1.1%

Dec 12 9:30 AM EST

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To: Cap_Loss_Cfwd who wrote (4331)	7/27/1999 2:58:00 PM
From: Tae Spam Kim	of 7772

eBay (EBAY) announced a 70% decline in Q2 earnings with $816 thousand in net income, compared to $2.7 million one year ago. The fall was largely due to new acquisitions and one-time charges. Revenue doubled to $49.5 million from $19.5 million. The company gave back $3.9 million in credits to its customers because of outages and site down-time. In total, 29.5 million auctions were held, up 28% from the previous quarter. Registered users grew to 5.6 million. eBay is opening regional/city auctions sites to expand to the large-ticket item markets. Moreover the company will start to leverage its high prestige auction house acquisition of Butterfield & Butterfield.

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