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To: Hubert Few who wrote (4978)	8/20/1999 8:11:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 7772

Hubert, Are you paid to post? G

To: Hubert Few who wrote (4978)	8/20/1999 8:13:00 PM
From: Gopher Broke	Respond to of 7772

This is an equilibrium situation. Buyers and sellers tend to cluster and with EBAY there is a large critical mass binding them together. To postulate the departure of all sellers being brought about as a result of these EBAY changes is unrealistic. Make a more realistic estimate of the destabilization effect of the changes and then look at the model. I predict - In the short term EBAY loses a few sellers, but nowhere near enough to cause loss of buyers - Those sellers return in a couple of months Bottom line is that EBAY's overall revenues will increase as a result. (One other thing - I suggest you cover your short position.)

To: Hubert Few who wrote (4978)	8/20/1999 8:28:00 PM
From: Frank Luongo	Read Replies (1) \| Respond to of 7772

I am a very active ebay seller and a stockholder. I have an impeccable and extensive feedback. I am really pissed at this new charge for reserved auctions. I will be actively seeking alternative auction sites to list my items. Ebay could easily have taken a more constructive approach to the problem. They could easily program their site to require bidders to inform ebay if a purchase has been made from an auction in which the reserve was not met. They could easily disallow a bidder from further bidding until the bidder posts the answer to one or more questions which would give ebay the information they need to track what they think are afterauction sales. Nonetheless, Wall Street is going to like this announcement in the short run unless there is a decline in number of auctions as a result.