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

To: Glenn Petersen who wrote (6985)	7/25/2002 9:34:19 AM
From: AJ Berger	Respond to of 7772

S&P Cuts EBay, Paypal to Hold EBay (EBAY ) and Paypal (PYPL ): Downgrades to 3 STARS (hold) from 4 STARS (accumulate) Analyst: Scott Kessler July 24 2002 S&P says it likes eBay's business fundamentals and potential, as well as its proposed all-stock acquisition of Paypal, but has become increasingly concerned about the stock. The July 9 news that eBay was being added to the S&P 500 has supported its price recently. However, S&P thinks eBay is vulnerable to a notable sell-off in this market environment, because of its 2002 price-earnings multiple of 69. Although S&P thinks eBay is attractive with its 50% growth rate, recent breaches of its 200- and 50-moving averages suggest prudence is appropriate. businessweek.com:/print/investor/content/jul2002/pi20020724_2266.htm?mainwindow