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

To: JF2155 who wrote (6551)	7/12/2000 12:15:15 PM
From: Platter	Read Replies (1) \| Respond to of 7772

Excerpt From IIonline According to the SSB report, eBay (NASDAQ: EBAY - Quotes, News, Boards) handles an amazing 80% share of the consumer-to-consumer transactions over the Internet. Like AOL, eBay is one of the few profitable, blue-chip Internet firms. The stock has been hit hard over the last 12 months, falling 66% to $44.56. The company has been affected by many factors, mainly the overall malaise for Internet stock valuations. But more serious accusations surrounding eBay and its users include sellers that don't deliver the goods and/or manipulate auction prices. While these allegations are not as serious as privacy issues regarding DoubleClick, this news could scare away many potential eBay users, and has definitely contributed to the stock's decline. Analyst Tim Albright is extremely bullish on eBay's prospects though, targeting the shares to hit $112 in the next 12 months and $338 by 2003. He also sees eBay doubling operating margins to 50%. We think that all of these figures are a little inflated, but that the stock is definitely an Internet company worth sticking with.