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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Eric Wells who wrote (69720)	7/26/1999 5:11:00 PM
From: Doug Fowler	Read Replies (1) of 164684

Eric: I think it is a very poor report for eBay. Their core auction business did only $38.2M, from last quarters $34M. The extra $11M is misleading, as it came from acquisitions, and is in fact flat with whatever it was last year. A lot of people will be misled by the first number (at first), but when the numbers are examined more closely, people will realize these are very disappointing numbers, even if you add back in the $3.9M in credits given for the outage. It was at the low range of my expectations. However, the CC will be more important, and the Street will be more interested in what eBay is doing to clean up its technical problems.

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