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


To: Cap_Loss_Cfwd who wrote (4331)7/27/1999 2:58:00 PM
From: Tae Spam Kim  Respond to of 7772
 
eBay (EBAY) announced a 70% decline in Q2 earnings with $816 thousand in net income, compared to $2.7 million one year ago. The fall was largely due to new acquisitions and one-time charges. Revenue doubled to $49.5 million from $19.5 million. The company gave back $3.9 million in credits to its customers because of outages and site down-time. In total, 29.5 million auctions were held, up 28% from the previous quarter. Registered users grew to 5.6 million.

eBay is opening regional/city auctions sites to expand to the large-ticket item markets. Moreover the company will start to leverage its high prestige auction house acquisition of Butterfield & Butterfield.



To: Cap_Loss_Cfwd who wrote (4331)7/27/1999 10:14:00 PM
From: Doug Fowler  Respond to of 7772
 
"how high the pigs flew"

Cap, that is FUNNY !!!




To: Cap_Loss_Cfwd who wrote (4331)7/27/1999 11:53:00 PM
From: Anthony@Pacific  Read Replies (4) | Respond to of 7772
 
EBAY..will be a nic e 10-12 dollar stock with little or no growth after another few quarters..and civil costs and litigation will force many changes ..
I have been short for the last few months and will never cover again just keep adding to it as it rallies and then sputters...This one as the rest are Toast