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Technology Stocks : QXL.Com (QXLC) - euro ebay? -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (93)	10/27/1999 1:39:00 PM
From: blankmind	Read Replies (1) \| Respond to of 306

Dow Jones Newswires -- October 27, 1999 DJ QXL.Com Shares Fall 5.6%, Led Lower By eBay LONDON (Dow Jones)--Shares in U.K. online auctioneer QXL.Com PLC (QXLC) have fallen 5.6% Wednesday in sympathy with U.S. counterpart eBay Inc. (EBAY), after eBay investors sold on fears of rising costs. At 0930 GMT, QXL.Com shares were down 11.5 pence, or 5.6%, to 193.5 pence, on volume of over 43,000 shares. Tuesday eBay reported a jump in third quarter revenue, to $58.5 million from $21.7 million in the third quarter of 1998. But its shares fell after it signalled it would need to keep spending heavily to upgrade its computer infrastructure. They closed $10 lower at $142 in after-hours trading on Instinet, after rising $1.125 in regular trading. They haven't traded on Instinet so far Wednesday. Until Wednesday's setback, QXL.Com shares were recovering from weakness seen immediately after their listing earlier in October, when the large numbers of new online auction services and worsening sentiment toward Internet stocks in general took their toll. After closing at 207 pence on their first day of trading, Oct. 7, they fell 16% to a low of 173.50 pence on Oct. 18, before bouncing back to close at 205 pence Tuesday. QXL.Com shares were priced at 195 pence in their initial public offering. -By Karen Chan; 44-171-842-9269; karen.chan@dowjones.com