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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (143750)	7/13/2002 10:21:50 PM
From: Victor Lazlo	Respond to of 164684

<<...?? This paypal merger just seems like a big dilution paper game...Is it time to short ebay??? >> Isn't paypal's pe for 2002 approx 61 ? Ebay is 140. Ebay is reducing dilution by buying a co with a pe less than half its own, and for stock.

To: 10K a day who wrote (143750)	7/14/2002 12:54:24 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

"What do you think Glenn...?? This paypal merger just seems like a big dilution paper game...Is it time to short ebay??? " I do not even want to speculate what may happen with eBay's stock. My personal opinion is it trading way too high as it is but I do not believe I have ever been correct about a stock price. I can tell you that eBay neede PayPay. eBay had eBay payments placed on every listing and a link to it with a recommendation to the buyer to pay using eBay payments. PayPal did such a far superior job, they had at least 70% of the payment market. I can't say the exact percentage I just know most of our payments were through PayPal, our on-line web site or our toll free number. eBay payments was a distant last. I can't place a value on PayPal. My gut feeling is eBay bought them with "inflated" stock shares. The other side of the coin is I believe PayPal can be a real money maker and they already have a well established brand. I would suggest to eBay to leave PayPal's management in place. They know what they are doing. Except for some IRA accounts (my wife and mine), I am totally out of the market. It has become clear to me I do not understand the market or its participants and can't believe that all these CEO's that alledgedly commited fraud have not been charge with criminal action rather than only civil action. I look at a trailing PE of just under 120 and believe that is very high. eBay itself is doing fine but earnings arn't growing as fast as the stock price seems to indicate. I do not see any competitor taking their space, hwoever.