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Technology Stocks : eBay - Superb Internet Business Model

EBAY 83.82

+3.7%

Nov 7 9:30 AM EST

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To: Bruce Brown who wrote (5918)	10/26/1999 6:01:00 PM
From: Doug Fowler	Read Replies (2) of 7772

Conference call notes: $741M gross sales, vs. $622M last quarter 1.4M unique users a day 7.7M registered users 36.2M auctions during quarter, vs. 29.4M last quarter Auction counts up 23 percent sequentially, but gross sales up only 19 percent. Meaning: sellers are getting less money for their items OR more auctions are going unsold. Newest community members not as "productive" as established users. Translations: auctions are less successful for sellers, bringing in only about $20 per auction. This is down from about $40 per auction last year. NO ANNOUNCEMENT of stock split. Would NOT talk about their conversion rate!!! (It is getting much lower, as is evidenced by the average selling price per auction.) Largest trading community in collectibles, computers, sports items, etc. Launched 10 regional sites. Very optimistic about eBay Germany and automobile category.

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