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

To: cdbud who wrote (4277)	7/26/1999 8:54:00 PM
From: Jeff Dryer	Read Replies (3) \| Respond to of 7772

I see lots of parallels (similarities) between online stock trading and online auctions. Stock trading is completely virtual ====> there is no merchandise to mail back and forth between participants. So, isn't the stock market a more efficient application of matching buyers and sellers than online auctions? With that said, why is eBay valued at $14 billion and ETrade valued at $7 billion? ETrade has more than 3 times as much revenue and has been aggressively investing in its business during the last year with the hope of making profits later. In many respects, it seems to me that ETrade is ahead of eBay in terms of investing in its business for the future. I'm not suggesting ETrade or eBay is a buy, sell, or hold. I'm interested in the relative valuations of these two companies who are both leaders in their respective spaces (two companies that may have a lot in common).

To: cdbud who wrote (4277)	7/26/1999 10:43:00 PM
From: Doug Fowler	Read Replies (1) \| Respond to of 7772

Bud: Don't get me wrong. I still love eBay, the web site and buying and selling on it. I just think the stock needs some adjustment to the current reality. Also, remember, when I started this thread, eBay was due to go public with around a $600M stock market cap. At the end of the IPO day, it had a $2B market cap, and fell back within a few weeks to a $1B market cap. To me, eBay had much more promise then than it has now, yet the stock is worth 7 times what it was on opening day. And yes, I think eBay has a bright future, but it won't grow anywhere near what it has in the past several years. I am most uncomfortable with eBay's stagnant growth. It seems like it has been sitting around 2.4M auctions forever now. Beside the upcoming free listing event, what is going to propel eBay to the next level?

To: cdbud who wrote (4277)	7/29/1999 2:36:00 AM
From: cdbud	Read Replies (1) \| Respond to of 7772

Well Bud, it seems we have hit another milestone. Another 500,000 auctions added in the last 3 months. I know Bud, but the Company is growing too slow and the buyers aren't buying and the sellers are all unhappy and the investors are not making any money. This Company is going down the drain, you'll see. We need new leadership, we need something. Look Bud, eBay is doing just fine. I'm a buyer and I'm happy. I'm a seller and I'm happy. I'm an investor (even tho' my capital has been taken out)and that makes me very happy. And as a retailer, I would love to increase my business 25% a quarter. Good night Bud Good night Yourself