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To: rkral who wrote (7252)7/25/2003 11:01:12 AM
From: Bill Martin  Respond to of 7772
 
Re: Anybody know why EBAY might be trading down $5 in after-hours .. after the earnings announcement?

They increased projections, but to a level below that already projected by analysts. So to analysts, I guess this counts as reduced prospects, rather than increased.

Bill



To: rkral who wrote (7252)7/25/2003 11:29:25 AM
From: Frederick Langford  Respond to of 7772
 
07:50 ET eBay downgraded at First Albany (EBAY) 115.74: First Albany downgrades to Neutral from Buy and cuts their target to $112 from $116 due to: 1) more pronounced seasonality expected in Q3, 2) increasing operating costs and capex that will continue to put pressure on margins, and 3) tepid guidance for 2H03.

Fred