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Technology Stocks : eBay - Superb Internet Business Model

EBAY 87.09

0.0%

Dec 31 3:59 PM EST

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To: Boplicity who wrote (4836)	8/11/1999 10:16:00 PM
From: Scott Bergquist	Read Replies (1) of 7772

Yahoo! Auctions have jumped to 25% of eBay auction numbers in a matter of WEEKS!! With only their identity as the "market leader" propping them up, eBay faces a very uncertain future. The stock is way, way overvalued by ANY measure. Even if auctions doubled in six months, and they made 4 cents, there is no way the "auction" game won't be subject to various marketing attacks of varying twists. Turn it on it's head..the value of each auctioneer for eBay in Market Cap is $2000!! Wouldn't Yahoo! PAY instead of charge, if they could get any type of "pop" to their valuation from auctions?? Auctions will be remembered as the "interactive TV" of the late 90's. Sounded "superb", but eventually "superseded". Any price move will be purely the Marketmaker's choice. Might as well be "Santa.com". There is no "studied" connection between the company and price. Why not $2? Why not $208 of eight weeks ago??

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