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Technology Stocks : eBay - Superb Internet Business Model
EBAY 93.60-0.3%Jan 23 9:30 AM EST

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To: Doug Fowler who wrote (2236)3/13/1999 9:46:00 PM
From: Tom Hua  Read Replies (2) of 7772
 
Just look at the auction counts. They are VERY indicative of eBay's revenues.

Doug, I'm afraid you're misinterpreting the data once again. What you call auction counts is not number of bids which can be related to projected revenue growth. The numbers you quoted are simply items on the auction blocks. It means there's an increase of supply, it says nothing about demand. Has it occurred to you that an increase in "inventory" can be a result of stagnant sale? You may actually see a decrease or little increase in revenue this quarter.

You project a 60% sequential increase in revenue based on the increase of items on sale is totally misleading. In fact I think revenue will increase no more than 15%. I hope you know by now that I don't make projections randomly and irrationally. I use reliable data.

Regards,

Tom
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