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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Murrey Walker who wrote (52974)	6/10/2002 2:19:58 PM
From: Dealer	Respond to of 65232

EBay wins Newsweek cover (unbelieveable to me, deals) By Frank Barnako, CBS.MarketWatch.com Last Update: 1:06 PM ET June 10, 2002 SAN JOSE, Calif. (CBS.MW) -- EBay (EBAY: news, chart, profile) is conducting a million auctions and selling $26 million worth of goods daily, according to a Newsweek cover story titled "The United States of EBay". Having grown far beyond Beanie Babies and Pez dispensers, corporations including Motorola (MOT: news, chart, profile), Sears (S: news, chart, profile) and IBM (IBM: news, chart, profile) use the site to sell items directly to consumers. "It's an amazing sales platform," said Adam Cohen, author of a new book, The Perfect Store: Inside EBay. "They have 45 million eyeballs, and Sun (SUNW: news, chart, profile) offering a $30,000 server on the site may be more efficient than having one salesman going door to door." He said sales of automobiles are now the biggest category of business for the auctioneer, accounting for $1 billion a year in sales. EBay users exchanged $9.3 billion worth of items last year, Newsweek reported.