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Technology Stocks : eBay - Superb Internet Business Model
EBAY 91.22-3.4%Jan 30 9:30 AM EST
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To: Bo Le who wrote (3015)4/29/1999 1:38:00 PM
From: Smart Investor  Read Replies (4) of 7772
 
Personally, I find eBAY's stock price and valuation obscene and offensive even for an interNUTS. Why should eBAy be traded at a higher P/E (3-4 times) that of AOL or YHOO, both of which will certainly be a better long term viable companies than eBAY? AOL can start an auction department any day with its 18 million members. I hope Steve Case will just do that in the near future. Since YHOO and AMZN all have auctions now, AOL should have that too.
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