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To: Stewart Elliot who wrote (4037)	7/9/1999 2:28:00 AM
From: Doug Fowler	Respond to of 7772

Stewart: I think this is more complicated than that. An auction is still an auction, and eBay still gets its listing fee, and possibly a higher commission on 10 day auctions if the 10 day auctions bring in higher prices. Let's also not forget that eBay allowed 14 day auctions last quarter, which are not an option now. I will concede that auction counts have received a one-time boost, and if 20 percent are now using 10 day auctions, then that boost might have been as high as 200,000 (though I think that is probably on the high side). Going forward, the relative growth will still be accurate, assuming of course no other auction lengths are introduced. For example, introducing one day auctions would have a reverse impact, as would introducing First Bid auctions, auctions that automatically end when a certain price is met, etc. There is another method I have been playing around with that is much more accurate and does not depend on changing of auction lengths. I am going to start incorporating it into this week's numbers, but it will take some time before it is extremely meaningful to us. --Doug