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

To: Peter Best who wrote (721)	11/10/1998 2:47:00 PM
From: BomboochaBoy	Read Replies (1) \| Respond to of 7772

Goldman raises eBay price target to $150 NEW YORK, Nov 10 (Reuters) - eBay Inc. (Nasdaq:EBAY - news) shares were up 31-7/16 at 134-7/16 after Goldman Sachs said Tuesday it raised the company's price target to $150 from $90. Goldman said in a release, the stock reached its price target earlier than expected. The release said eBay blends the best of the visibility and high margins of Yahoo Inc.'s (Nasdaq:YHOO - news) advertising model with the revenue momentum of Amazon.com Inc.'s (Nasdaq:AMZN - news) commerce model. --The company's 1999 and 2000 revenue estimates are $84.2 million and $125.7 million respectively. The release said these were conservative figures and likely to be raised in subsequent quarters. -- eBay shares were up 30 at 133 during Tuesday afternoon trade.