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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.49

-0.3%

Nov 26 3:59 PM EST

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To: cdbud who wrote (4277)	7/26/1999 10:43:00 PM
From: Doug Fowler	Read Replies (1) of 7772

Bud: Don't get me wrong. I still love eBay, the web site and buying and selling on it. I just think the stock needs some adjustment to the current reality. Also, remember, when I started this thread, eBay was due to go public with around a $600M stock market cap. At the end of the IPO day, it had a $2B market cap, and fell back within a few weeks to a $1B market cap. To me, eBay had much more promise then than it has now, yet the stock is worth 7 times what it was on opening day. And yes, I think eBay has a bright future, but it won't grow anywhere near what it has in the past several years. I am most uncomfortable with eBay's stagnant growth. It seems like it has been sitting around 2.4M auctions forever now. Beside the upcoming free listing event, what is going to propel eBay to the next level?

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