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To: Doug Fowler who wrote (5140)	8/27/1999 2:03:00 PM
From: patrick bey	Respond to of 7772

Related to Amazon, but applies to EBAY to!!My theory is that insiders ( usually first owners) sell from time to me to lower the stock price in order to attract executives with lower strike prices. Otherwise who would want to join an Amazon, Ebay , Dell ... at near historical abnormal high prices. Notice that when stock prices go down dramatically these companies hire like crazy. Dell was hiring in China in the past 6 months and was granting options left and right same time Mr. Dell and others were selling to lower the stock price. Mr. Dell and others still have more than ever a very high number of shares. GOOD for them!! Stock appreciation will occur after they hire these new very productive executive. Amazon granted Galli options at 113. So this is good news because Galli knows it is realistic and he can built on it . We will benefit from this (naive shareholders).