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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

-0.7%

Nov 14 9:30 AM EST

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To: Bill Harmond who wrote (5765)	10/7/1999 11:19:00 AM
From: Randy Ellingson	Read Replies (3) of 7772

Sold my EBAY holdings (IRA). My concern is that the auction space will naturally fragment into categories. E.g., although EBAY may always own certain categories (say, baseball cards), other sites which successfully ramp up auctions to critical mass in another category will effectively steal revenue/profit from eBay. I may be wrong and/or early with this concern, but I can always change my mind about this later. As for the pre-holiday buying frenzy I'm passing on, nothing is a given and I try to stay true to "there's no time like the present" for my selling and buying (once I've reached a conclusion). FWIW, I bought eBay in February so this was not a long term holding. And I do use their service on occasion. Randy

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