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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (2587)	7/19/2002 10:35:10 AM
From: SOROS	Read Replies (2) \| Respond to of 89467

Perfect example. 16+ BILLION market cap on 200 million in revenues. They have almost 50 MILLION users! At some point real soon, like AOL found out, those that are on the internet for a specific purpose (ie. garage sales) will slow down and almost stop. These pro forma projections are ridiculous. The growth rates will stop suddenly and without warning. If you haven't found EBAY yet, you probably are not going to. Sure they will grow from new users reaching older ages and signing up, but the birth rate is not enough to justify their projections and certainly not their valuation. I remain, SOROS