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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.87

-2.9%

12:51 PM EST

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To: Doug Fowler who wrote (4036)	7/9/1999 1:24:00 AM
From: Stewart Elliot	Read Replies (1) of 7772

Well, although it has been briefly touched upon here, I decided to do a bit more in depth analysis of the impact of the relatively new 10 day auction on ebay's current auction count. Out of 447 random auctions (spread out, but tending to emphasize the categories with larger auction counts), 101 were 10 day auctions, or 22.6%. Even if I discount this a bit to 20% just to be conservative, this works out to overstatement of EBAY's auction count by 200,000+ auctions relative to the counts recorded before the introduction of the 10 day auction. This 10 day auction appears to be getting more popular within the community - perhaps as a way to boost what appears to be a declining number of bids (no data to back this up - just "eyeball analysis") EBAY's growth continues to be unimpressive.

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