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Technology Stocks : Internet Guru Discussion

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To: donkeyman who wrote (673)	3/24/1999 3:19:00 AM
From: steve harmon - analyst	of 4337

ebay - i like its leadership position but think auctions are becoming a commodity. as the leading auction service it does hold advantage and i've been fighting the tape on ebay ever since it shot past $10 billion market cap, and its boatload of options puts fully-diluted value north of $20 billion...i think that's too high for something with about $50 million revenue in 1998

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