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

To: radames who wrote (5427)	9/18/1999 2:18:00 PM
From: LTK007	Read Replies (1) \| Respond to of 7772

radames said<<i am not saying this is the end of ebay ,,i think they are a great site my problem is one of valuation as it is by far the most overvalued stock,>> when I slam EBAY(which i indeed do) it is solely based on the total madness of it's evaluation. And I do NOT hold the management of EBAY responsible for this,I hold the Blodgetts and Meekers responsible for this madness. This started as a little pez-container trade site and the founders worked hard to get it where it is,but I also think they are probably in shock at what happened when they went public--if the stock had gotten to 40 and stayed there they would have been pleased,i think.Max90

To: radames who wrote (5427)	9/18/1999 5:51:00 PM
From: Dan B.	Respond to of 7772

I agree, with five cents earnings E-bay is overvalued. It's difficult to say 40% QtoQ revenue growth can continue. But I would add that competition can be good. It's an old truism that competition can actually INCREASE business overall- bringing more to you as well as competitors. If a GM TV ad spurs X# folks to decide to buy a new car, in the end that ad actually sold a few cars for Ford, Honda, and the rest too. E-bay DOES have the guts of the market in the palm of it's hand, no doubt in my mind. Microsoft may bring them users they might not otherwise have reached on their own. Competition is often good for business. FWIW Dan B