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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.83

+1.0%

Nov 21 3:59 PM EST

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To: Brian K Crawford who wrote (2248)	3/14/1999 9:58:00 AM
From: Tom Hua	Read Replies (1) of 7772

completed auctions growing 60% sequentially Brian, that's baloney! Ebay lists the number of listings, but no one outside top management knows the number of successful bids. Yesterday Doug said : Just look at the auction counts. They are VERY indicative of eBay's revenues. But today he concedes that: I agree that increased auction counts don't guarantee a corresponding revenue increase. Traffic to the web site is the best indicator of change in revenue. And for this quarter, traffic increases 12%. Just ask Doug to show you the traffic numbers in the past, and you'll see a pretty close to 1-to-1 correlation between traffic growth rate to revenue growth rate. Regards, Tom

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