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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: M31 who wrote (1997)	3/6/1999 6:24:00 PM
From: J. C. Dithers	Read Replies (2) of 7772

How do you define "fundamentals"??? I'M the one talking about "fundamentals." What's fundamental is that millions (growing exponentially) of affluent people across the globe are spending hours every day of the week buying, selling and having a jolly time on the Ebay site. NBC or CBS would kill to have a locked-in, fanatically loyal audience base like this. ABC charged advertisers $900,000 for 30 seconds of air time on the Monica interview, even at the risk of a lot of people going to the john when their spot aired. What are Monica's "fundamentals"? What is commercial exposure on Ebay worth? You've got to get the balance sheet blinders off and think about the value of intangibles (even the balance sheet recognizes them as "good will"). Ebay is the future. Ebay is the way.

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