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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (7736)	7/9/2002 10:10:53 AM
From: AugustWest	Read Replies (2) \| Respond to of 17639

There are only 5MM shares of PYPL outstanding. Of course, there was anticipated secondary offering last week which provided the insiders to unload a bunch of their personal stock. Not sure how many shares currently out. Anyhow, I do not understand why EBAY went the route of buying them when they just bought the remaining interests in BillPoint from Wells Fargo. I've heard many negative stories about PayPal(admitted that's a HR problem which might be resolved once ebay takes over at the helm.) But it is still confusing. Since ebay is about 65% of pypl's biddness, and they(ebay) have billpoint, why didn't they just squeeze pypl out of business? Anyhow, I think it's a POS and makes EBAY that much weaker if they keep the current group of people in in there. My guess though is that pypl officers are gone with in a year. Especially now that they found someone to buy their inflated shares. If I were to play it, I would short EBAY on the deal.