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

To: KeepItSimple who wrote (6043)	11/1/1999 2:25:00 PM
From: Terr	Read Replies (1) \| Respond to of 7772

Wish some long would explain to me in simple terms (that do not involve the words "greater fool") what rational reason they have to expect EBay's price to go up significantly from this level. Earnings growth is negative, and valuations are astronimical. Any reasonable calculation shows that EBay's earnings have to grow at 100% a year for the next 6-10 years in order to justify current price (an current price only - not more than that). Anyone here seriously expects that this will happen - even after the abysmal earnings performance of the last 3 quarters? Come on, one quarter could have been a fluke, two - a bad break, but three consecutive quarters of failure to grow earnings does not bother any long?

To: KeepItSimple who wrote (6043)	11/1/1999 9:17:00 PM
From: Nelson Chang	Respond to of 7772

All I know is if Steve Case were to be running the show himself at EBAY, the auction count and registered users would be far above what it is now. Auctions are great. But people get saturated w/ the same old thing. EBAY seems to be failing to innovate. Look at AOL they keep ramping up customers left and right. Everytime I thought they were peaked, they seemed to acquire the next million users in even less time. Ebay on the other hand...