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Technology Stocks : eBay - Superb Internet Business Model
EBAY 82.79+0.4%Nov 28 9:30 AM EST

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To: Steve Antonelli who wrote (4281)7/26/1999 9:40:00 PM
From: Jeff Dryer  Read Replies (1) of 7772
 
>With EBAY, as has been stated often on this thread, what makes it so attractive is the volume of buyers and sellers.

I agree. No other auction site comes even close.

However, will this dominant leadership position be true 1 year from now? What about 5 years from now? Because eBay is being aggressively targeted by competitors, I think it's unlikely.

>One can open up a brokerage account at any number of online brokerages and have access to the same stocks.

Good point. Makes it tough for the brokerage firms to turn a profit. But this is starting to happen in the auction space, too. Some of the same items listed at eBay can now be found at Amazon.com.

>I'm not sure what is so special about Etrade (would love to hear as I have considered it as an investment at some point)

There may not be anything special about E*Trade... unless E*Trade is successful at turning into a full financial transaction portal (trading, banking, insurance...) in a differentiated way.
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