To: Bill Harmond who wrote (74916 ) 8/20/1999 9:46:00 PM From: H James Morris Respond to of 164684
>>Ebay raising fees and setting standards for reserve auctions. Go, eBay. Smart move.<< Smart move? For the first time I happened to follow your link to eBay. It was definitely an experience. I could buy an old MacIntosh tuner? A Mac is the the top of the line, and probably will always be. I get your point, eBay is nothing other than a paid middle man, but now that Amzn does the same. Do you think that eBay will always have the leading brand name? Did you know that there is already a ton of on-line used stero retailer's, that just concentrates on audio stero machines, and are cheaper? Would I pay $234 for eBay? No, but some one obviously did. >> PALO ALTO, Calif., August 20 (Reuters) - Shares of the Internet auction site eBay Inc <EBAY.O> surged Friday, extending recent momentum that has brought it back strongly from a low reached two weeks ago. EBay was not available to comment on the strong run, but it was highlighted in a report by BancBoston Robertson Stephens "etailing" analysts Lauren Cooks Levitan, who said the company has a series of announcements coming out that "could drive significant share appreciation." The most recent of these new announcements was a new "eBay a-go-go" pager launched Monday in connection with SkyTel Communications <SKYT.O>. The pager delivers bidders and sellers updates on their auctions. "We believe wireless technology could positively impact eBay and other eTailers' revenue opportunities over the longer term," Levitan wrote in her report. She said that at an analyst meeting earlier this month, the company provided a "road map" of new product launches. "While we recognize that additional site outages as the company continues working to upgrade its system infrastructure could cause future volatility, we believe investor sentiment has become more positive," Levitan said. EBay's shares rose $9.25 Friday to finish at $123. The stock had traded in the low seventies just earlier this month following a lengthy service outage, but the company later made a series of appointments to beef up its technology staff in an attempt to assure its customers and investors that it was making its site more stable.<<