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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.83

+1.0%

Nov 21 9:30 AM EST

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To: Tom Hua who wrote (2268)	3/15/1999 2:36:00 PM
From: Doug Fowler	Read Replies (1) of 7772

Tom: You and I clearly disagree on how much growth eBay will show this quarter. You seem to think that eBay revenues will grow only as much as traffic growth reported by the Wall Street Journal, which apparently was 12 percent. You seem to think this is the ONLY statistic that matters. I don't disagree that traffic matters, but auction counts matter AND there has been a direct correlation of revenues to auction count growth in the past. You say that is a coincidence. I don't buy it, and my predictions for the last two quarters have been MUCH closer than these Wall Street analysts' predictions. They have been WAY under. There is no doubt in my mind whatsoever that eBay's revenue growth will be MUCH higher than 12 or even 15 percent. We'll all find out later next month, and if you are right, I'll be the first to congratulate you. Best regards, Doug

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