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Technology Stocks : eBay - Superb Internet Business Model
EBAY 84.00-0.8%3:59 PM EST

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To: Robert Rose who wrote (2794)4/24/1999 2:53:00 AM
From: Doug Fowler  Read Replies (1) of 7772
 
Robert:

Thank you for the kind remarks.

I am now long eBay, and am convinced that NOBODY will EVER overtake eBay in online auctions (unless they buy the company).

I also strongly believe that eBay has a good shot at becoming the most successful company on Earth.

For last quarter, eBay will have been responsible for moving $1B worth of product. (And who knows how much product they have been indirectly responsible for moving, through offline deals?)

It amazes me that these highly paid, idiot analysts are so bad at projecting revenues.

I've been involved in a number of projects recently, but have been giving some consideration to a Steve Harmon kind of thing for online auction companies.

--Doug
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