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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Spangle who wrote (4251)	7/26/1999 5:16:00 PM
From: Nelson Chang	Respond to of 7772

>>>Doug, I'm in agreement. Very misleading. Not to mention the fact that all of their income (and then some!) was generated from the interest on their recent IPO money. <<< A long agreeing with a short? You'll only find that on SI. As far as I can tell, this is the last haven for informative posts. YHOO, AOL, ragingbull, all cluttered with people hyping their own stocks and web sites. Regarding, EBAY the only thing i see going for it is that it is "oversold." To what degree, who knows. Maybe it will bounce, maybe it will continue to be oversold. As far as the earnings report, the conference call will tell the tale. Can't believe so many people are jumping the gun on instinet, seeing how anything can happen at the call and the report will take a while to make sense.

To: Spangle who wrote (4251)	7/27/1999 9:06:00 AM
From: Jeff Dryer	Read Replies (1) \| Respond to of 7772

Interest income compared to a year ago increased by $6.4 million. Most recent eBay quarter compared to year ago quarter. 6/30/98 6/30/99 Revenues 19,480 49,479 Gross Profit 16,194 38,534 Total Operating Expenses 11,996 43,166 Income from Operations 4,198 (4,632) Interest (432) 6,039 Net Income 2,729 816 Shares 109,929 136,614 eBay's consolidated net income excluding the effects of non-cash and one-time merger related charges was $5.1 million, or $0.04 per diluted share, compared with $5.2 million, or $0.05 per diluted share during the second quarter of 1998.