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Technology Stocks : eBay - Superb Internet Business Model

EBAY 82.78

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12:59 PM EST

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To: Nelson Chang who wrote (4308)	7/27/1999 5:39:00 AM
From: Jeff Dryer	Read Replies (1) of 7772

Can somebody please explain this paragraph? It makes no sense whatsoever. From CBS MarketWatch cbs.marketwatch.com The primary contributor to EBay's sales was growth in traffic. EBay said the number of registered users increased by a record 1.7 million in the quarter to 5.6 million, up 556 percent from the year-ago period. That's far ahead of what Lauren Cooks Levitan, an Internet analyst at BancBoston Robertson Stephens, had anticipated. Levitan had estimated new users on the order of 4.3 million. EBay hosted 29.4 million auctions in the quarter. Isn't it correct that eBay has a total of 5.6 million registered users since the beginning of time and gained an additional 1.7 million additional registered users during the quarter? And then, this Lauren Cooks Levitan analyst who works for a celebrated institution says it's far ahead of estimates of 4.3 million new users. Huh?

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