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

To: paulmcg0 who wrote (4859)	8/13/1999 8:55:00 AM
From: gizelle otero	Read Replies (2) \| Respond to of 7772

Paul: Interesting Facts. However, I believe you may be ignoring some other important aspects in all your mathematical calculations: 1. Stocks are valued by the entire intelligence of all buyers and sellers every day. To argue that the collective intelligence of every institution on Earth is wrong and you are right is patently false. eBAY is valued correctly each and every second of each and every day. 2. All of the DOW 30 stocks were at one time on track to "out-value" the GDP of the US. What happened? The GDP grew through economic expansion and inflation. Using your argument, no stock of this value would ever grow in the future. 3. Stocks are valued on the basis of assets and earnings growth. eBAY is growing at multiples of 100 over a company like Rockwell, Ford or Boeing. Therefore, it's P/E is far higher. 4. eBAY earned 500% more in the last quarter than the one before. Yet sales were not up nearly that much. How did they do it? ZERO inventory and very low cost structure. They are leveraged to the hilt and can scale up exponentially now that the CIO from Gateway has arrived. Bottom Line: eBAY could earn $5-10.00 a year in 3-5 years, more than justifying it's present price of $90 a share. After all $90/$10 is only a P/E of 9! However, in 3-5 years, eBAY will still command a P/E in the hundreds....and as a result eBAY will trade (pre-splits) in the thousands of dollars. You are looking at the Rockwell, Ford, Boeing, or General Electric of the future. You might not like the new economy, but when even 10% of all commerce is transacted over the internet, companies like eBAY will make billions of dollars in sales each year. eBAY will one day be a leader in B-to-C and especially B-to-B sales. What can be sold on eBAY besides PEZ dispensers? How about stocks, bonds, gold, computer networks, insurance, automobiles, airplanes, missile systems, and office buildings like the Rockwell Center. Think about it. Wal-Mart without the constraints of walls or distribution centers. Then you will see why eBAY is worth so much, even after this latest decline.

To: paulmcg0 who wrote (4859)	8/13/1999 9:07:00 AM
From: Boplicity	Respond to of 7772

Game, Set <<Friendly PPI report, and subsequent drop in long-term rates, acting as the catalyst for early buying interest that has the S&P futures +10.30 after closing above fair value by approximately 1 1/2 points... Thus, table is set for a solid open as the Dow is poised for a 90-95 point pop when trading begins... Financial and tech stocks expected to lead the action... 30-yr bond +14/32 at 6.15%.>> Match if the CPI comes in benign like I believe it will. Still the Greenman will raise rates one more times, the Y2K fear sound do his dirty work. EBAY bid 94.625 I see EBAY easily making into the 100 range for the fed meeting. Now DELL is comes in with a good report like I believe they will, we could the same market boost that CSCO gave us on Wed. of next week. : ) G