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Technology Stocks : OnSale Inc.

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To: chirodoc who wrote (2027)	11/30/1998 12:12:00 PM
From: robbie	Read Replies (3) of 4903

Internet Pundit Doubts eBay Is Worth Its Hefty Valuation (EBAY) - Rpt Newstraders - November 30, 1998 10:51 (NewsTraders.com)-- Internet.com's senior investment analyst Steve Harmon doubts that online auctioneer eBay Inc. (EBAY) is worth anything near the $10-plus billion value it has on a fully diluted basis, according to the "Morning Report." Harmon said that Excite (XCIT) trades at one-third eBay's market capitalization and he believes the company has a much better overall leverage-ability than eBay. To Harmon, Excite is a "full-service Internet-media commerce powerhouse" as compared with eBay's "beanie-baby antique parade." Excite's user base alone holds "tremendous potential," according to the analyst. Harmon says that Onsale (ONSL) had room to run in the recent rally seen virtually Internet-wide, but eBay had already sprinted to new highs before the widespread industry ascent. Of note, Onsale shares were trading significantly lower in early-morning trading Monday. Copyright 1998 NewsTraders Inc. All Rights Reserved Monday, November 30, 1998

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