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To: John Pitera who wrote (51141)7/10/1999 7:24:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
eBay's Web site goes down again Saturday

Copyright © 1999 Nando Media
Copyright © 1999 Reuters News Service

PALO ALTO, Calif. (July 10, 1999 7:10 p.m.EDT nandotimes.com)
- The Web site of online auctioneer eBay Inc. went down again Saturday in the third such incident in less than a month.

"We are currently experiencing a problem with our database server, causing eBay pages to be temporarily inaccessible," read a message posted at 2:43 p.m. EDT by eBay on its Web site. "We'll provide more information as it is available."

A second message, posted at 3:18 p.m. EDT read: "Our engineering staff
continues to investigate to determine the source of the problem. We'll provide an update as soon as possible."

On June 11, eBay's site went down for close to a full day, infuriating many loyal customers and raising questions about the technological underpinnings of the popular site.

During that outage, millions of eBay members were blocked from bidding or posting items for sale as eBay engineers working to correct the problem repeatedly promised to have the site back up shortly, only to say later it would take longer than initially thought.

At the time, eBay's failure to keep the site running prompted comments by eBay users such as: "There really is no excuse for so many problems other than poor management."

The site crashed again for several hours on June 29.

Officials at eBay could not be reached for comment.

On June 13, eBay said second-quarter revenues would be about $3 million to $5 million lower on the fallout from the nearly 22-hour outage on its Internet site.

At the time, eBay said the problem was caused by the failure of Sun Microsystems Inc. software used to list items for sale and update bids.

eBay stock rose $1.56 to $135.75 in Friday trading on Nasdaq.




To: John Pitera who wrote (51141)7/12/1999 7:28:00 AM
From: wlheatmoon  Read Replies (1) | Respond to of 86076
 
John,
Thanks for VIX info.

I find this very, very intriguing for an investment.....
<<As it has done every July 1 since 1949, Lehman Brothers has released its list of 10 Uncommon Values, stocks the firm believes are the best bets for the ensuing year. This time, there is an interesting listed security that will let investors capture the performance of these picks -- which have a shining long-term record for the next five years.

Listed on the American Stock Exchange under the symbol UNL, these are notes issued by Lehman's parent with an initial face value of $1,000 each, an amount that is guaranteed as a minimum payoff at maturity in 2004. Investors will get more than their $1,000 back if the 10 Uncommon Values Index (UVL) -- which will track Lehman's list as it changes annually -- rises by more than 17% by maturity. Note holders will pocket the full amount of any gain above that threshold, and can even redeem the notes for their cash value any time after July 2001. The list's components can be found at www.lehman.com.>>

mike