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

To: Gary Walker who wrote (1123)	12/18/1998 4:35:00 PM
From: Terry D	Read Replies (2) \| Respond to of 7772

MY POINT _ Technical problems plague eBay again By Tim Clark Staff Writer, CNET News.com December 18, 1998, 11:35 a.m. PT update Popular auction site eBay is having technical problems again, going down for just over three hours this morning but now fully operating. eBay said a database server failed "due to a hardware error" at 6:11 a.m. PT, causing what eBay termed a "hard outage" until 9:22 a.m. Bidders could view and search for bid items but couldn't place bids, the company said in a statement. "We recognize hard outages such as this one can be frustrating to members of our community. This morning we worked diligently to rectify the situation as soon as humanly possible," Michael Wilson, vice president, site operations and product development, said in a statement.

To: Gary Walker who wrote (1123)	12/18/1998 4:35:00 PM
From: Mandinga	Read Replies (2) \| Respond to of 7772

The problem is that smart people like you, will not be able to get out of this thing when it decides to tumble. It will be TITANIC.

To: Gary Walker who wrote (1123)	12/18/1998 4:39:00 PM
From: Kevin McKenzie	Read Replies (1) \| Respond to of 7772

I was being a smart-ass in my original post to you. I wouldn't touch EBAY -- long or short -- at these prices and with its ridiculous valuation. I think EBAY is a great web site. Its business model seems sound; it currently has no real competition and is growing quickly (although it's harder to tell how quickly it's growing since EBAY stopped reporting their exact number of auctions). No, I don't believe for a minute that the fundamentals are driving the stock. However, I do believe EBAY will prosper as a company in the long run. And eventually it may be worth $10 billion (its current market cap).