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Technology Stocks : Ebay in Peril? Sniping at fault.? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (2)	9/30/2002 8:09:04 AM
From: SBerglowe	Read Replies (1) \| Respond to of 72

7:59AM eBay cut to Underperform at RBC; $45 target (EBAY) 57.50: RBC Capital Mkts downgrades to UNDERPERFORM from Sector Perform and cuts price target to $45 from $70. In discussions with top sellers, firm has uncovered three issues: 1) disappointing demand for practicals, 2) poor incremental traffic for stores, 3) a concern with PayPal's loss of independence. Believes these issues could limit the ultimate growth rate of the business to a more normal rate, more quickly than projected.