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

To: Ram Seetharaman who wrote (6473)	4/25/2000 5:20:00 PM
From: Doug Fowler	Read Replies (1) \| Respond to of 7772

Not impressed at all. I'm sure eBay and their analysts think this was a great quarter. However, last year, eBay had a sequential increase over 4th quarter of previous year of more than 70 percent -- this year, less than 20 percent. For the rest of the year last year, eBay had sequential growth of less than 25 percent. This means we can expect sequential revenue growth of less than 10 percent for the rest of the year. In fact, maybe WAY less than 10 percent. I wouldn't be surprised to see next quarter flat or possibly down a little bit. My guess is that eBay will finally start to watch its purse strings and control costs -- they will HAVE to because the great growth is behind them, and I suspect for GOOD. Next year, eBay will be lucky to grow 30 percent year over year. eBay needs to start talking to Yahoo again, and pray that Yahoo (or AOL) agrees to buy them.