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

To: PETER COSTES who wrote (943)	11/25/1998 10:18:00 AM
From: JF2155	Respond to of 7772

Pete--I saw that on CBNC too--I'm taking the day off on internet and just bought MSFT at 122 . JIM

To: PETER COSTES who wrote (943)	11/25/1998 11:07:00 AM
From: jayray	Respond to of 7772

An interesting Yahoo post..... Goldman friend indicated that Goldman wanted to DOWNGRADE Ebay but chose "OVERDONE" language because they didn't want to kill the stock. They still own a couple million shares from the OPTION TO PURCHASE agreement which allowED them to puchase more shares from the company within 30 days after the IPO at 18. Also since Goldman is the LEAD UNDERWRITER it didn't want to make the insiders mad since they will have most of the EBAY executives' personal banking business. THIS IS ABSOLUTELY THE WORST NEWS ON EBAY. THIS ALMOST NEVER HAPPENS ON AN IPO--HEED THE NEWS BEFORE ITS OVER OR THE PAIN WILL BE UNBEARABLE.