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Technology Stocks : eBay - Superb Internet Business Model
EBAY 84.66+1.2%Dec 19 9:30 AM EST

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To: Jing Qian who wrote (2803)4/24/1999 4:11:00 PM
From: Stewart Elliot  Read Replies (2) of 7772
 
> I agree totally with Doug Fowler's statement: EBAY
> has a good shot at becoming one of the most powerful
> companies in the world. It's not impossible that EBAY's
> clout could one day surpass that of GE's.

Comments like these underscore the internut insanity.

Some day, there will be another site that offers the same level of seller and buyer demand as EBAY. Then there will be another. It's merely a matter of time - maybe it will take a few years. Anyway, when a viable competitor or 2 make it (and they don't need 2,000,000 auctions to do it), market reality will set in. Competition has this incredible way of driving down prices and increasing marketing expenses, especially in a business where there are very low fixed costs. I'm sure this is blasphemy to the EBAY faithful, but face it - in virtually every business, real competition eventually takes root. It's merely a matter of time - don't kid yourself about this GE stuff.

In the meantime, EBAY will rule - nobody else has the branding in this market. But it's truly amazing how people are getting so caught up in the internet hype and how "this time is different". Time has a way of proving otherwise.
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