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Technology Stocks : eBay - Superb Internet Business Model
EBAY 84.59+0.6%Dec 24 12:59 PM EST

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To: Don Westermeyer who wrote (526)10/27/1998 6:28:00 PM
From: Doug Fowler  Read Replies (1) of 7772
 
Let's assume eBay can grow 40 percent quarter over quarter for the next two years.

Starting with this quarter:

12.9
18.1
25.2
35.3
49.6
69.3
97.1
136.0
190.4

That would put it at a $760M annual run rate at the end of the year 2000.

While I expect eBay may indeed grow sales more than 50 percent this quarter (because of Christmas season), 40 percent quarter to quarter growth for two years will be very hard to achieve.

Obviously, Yahoo is not threat whatsoever now. In fact, their effort seems to be very half-hearted right now.

I wish this stock were more reasonably priced, because it is very clear eBay has a great future with very high profit potential.
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