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Technology Stocks : eBay - Superb Internet Business Model

EBAY 96.20

+1.8%

10:15 AM EST

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To: TokyoMex who wrote (1986)	3/8/1999 10:47:00 PM
From: Buster O. Hype	Read Replies (2) of 7772

Motley Fools love EBAY ... no wonder they subscribe to the greater fool theory ... $20 billion market crap. Assume 2X sales when industry matures. So an annual sale of $10 billion for EBAY. Assume 5% commission, so gross auctions of $200 billion. Does anyone really believe internet auctions will reach this level. Perhaps retailers like Amazon will do some $10-20 billion in the future, but online auctioneers???? The market is currently valuing EBAY as doing tens to hundreds of billion annual auctions business. Walmart, incidentally has sales of $130 billion last year

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