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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.67

-0.7%

12:45 PM EST

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To: Tom Hua who wrote (2268)	4/26/1999 4:59:00 PM
From: Doug Fowler	Read Replies (2) of 7772

Tom: Regarding your statement posted March 15, 1999: >>No matter what spin you can think of Doug, a significant decrease in traffic growth is a fact, it's only 12%, and it was published in the WSJ last week. A decrease in traffic growth spells trouble for ebay. Plain and simple.<< What do you have to say about eBay's sequential revenue growth of more than 70 percent? Looks like the auction count method was a lot more indicative than your traffic increase number. In fact, the total number of auctions run during the quarter, as reported by eBay, was 22.9M, compared to 13.6M in the previous quarter, a 68 percent increase, very close to the 70 percent increase in revenue and much closer than the 12 percent traffic increase you depended on from the Wall Street Journal. I hope you are still not short. Regards, Doug

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