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

To: Obie who wrote (74)	9/17/1998 1:45:00 PM
From: Doug Fowler	Respond to of 7772

Hi Obie: Yes, if eBay gets its IPO (and it will probably get more), it will have a market cap north of $650M. By most measures, that will be very expensive, but by Internet standards, anything goes. eBay is the dominant online auctioner, and I expect it to remain that way. The biggest question is how long they will grow at their current rate. Probably not too much of a problem over the next year (during which time they could triple or quadruple), but they clearly can't continue that forever. I wouldn't be surprised to see them do between $100M and $150M in fees and commissions next year. After that, who knows?