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To: craig crawford who wrote (18230)9/25/1998 7:37:00 AM
From: Doug Fowler  Respond to of 164684
 
>>$2 billion market cap for $5 million in sales?<<

That statement is misleading. eBay did $5.7M in sales LAST year.

Fact: eBay did $14.9M in revenues in the first SIX MONTHS of 1998.

Projection: eBay should easily do $40M for all of 1998.

Fact: eBay is ALREADY profitable.

So, while there is still a high price to sales ratio, it is far below that indicated when an assumption of $5M in sales is used.