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To: SJS who wrote (4661)	10/26/1998 4:41:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 14427

Steve, You telling me that you think a company on the net that acts basically as a forum for other buyers--i.e.--the middleman is worth this market cap? How much do they get off the sales between individuals? How many people actually want to buy significant stuff on the net? Do you want to bid on my old Schwinn bike? How about my old PC? How do I guarantee that it's the real thing and that it works? EBAY ain't guaranteeing squat. It's a classified web page. I still say--Tulips anyone? What a nutty world.... I know you were just posting info. Thanks for the insight into the rest of the crazy world. mike

To: SJS who wrote (4661)	10/26/1998 5:49:00 PM
From: Don Westermeyer	Respond to of 14427

Mike....Hint Hint. They are about to make money. Analysts guess they may make $0.03 next earnings, but EBAY has already warned that it will probably go back into the red as they spend on advertising, partnership, deals, etc. Revenue growth will probably be important more than earnings in the short run anyway. FWIW - I'm long EBAY but will bail pretty soon. There are plenty of other companies making more than EBAY with better growth rates and with harder barriers to entry. At $100 EBAY will be a THREE BILLION DOLLAR company. That's expensive but I am afraid to short it with the small float and hype surrounding it. Actually ONSL dumped EBAYs model - they sold that the Yahoo! If there really is money to be made in the action sector, it will fill up with plenty of players soon. I can't believe the stock as $25 just a few weeks ago.