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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (43694)	10/30/2001 2:23:06 PM
From: Dealer	Read Replies (1) of 65232

07:52 ET eBay (EBAY) 52.52: -- Update -- ABN AMRO downgrades to HOLD from Add based on valuation and the reduced likelihood of material upside in 2002. Given stock's rich valuation of 72.9x 2002 estimates, believes EBAY needs to significantly outperform expectations in order to grow into its multiple; yesterday's investor meeting suggested such upside may not be achievable. Wstera02! Sorry! I did not mean to post the whole "In Play" in the last post, just the downgrade on EBAY.

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