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To: Doug Fowler who wrote (1268)	1/1/1999 9:27:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 7772

Doug: How does it feel to be a has been??? <ggg> techstocks.com

To: Doug Fowler who wrote (1268)	1/1/1999 10:44:00 PM
From: Stewart Elliot	Read Replies (2) \| Respond to of 7772

I did a quick and definitely unscientific survey and it appears that most (all?) auctions were converted to 14 day auctions in the december timeframe. Most new ones are only 7 days. I'm not exactly sure what's going on here, but the spike in auctions due to the 14 day auction period may explain much of the sudden jump from 800,000 auctions to 1,200,000. I believe that your guess of 10% is very low. Admittedly, my quick survey (i spent about 20 minutes checking a bunch of auctions and different categories) is not enough to make any general conclusions, but my guess is that the auction length increase may be inflating the numbers by as much as 20-30%. I've done a little more research on the insider trading issue. I recently spoke to a friend in the industry who is very familiar with goldman. For shorts, there's good and bad news. First of all, she believes there's a good chance that goldman would give permission to benchmark to sell after only 90 days. If so, benchmark could already be selling some of its position. However, the shorts may want to temper their enthusiasm on this issue because she notes that it is unlikely that benchmark will sell its entire stake. She pointed out that benchmark still owns a big stake in rambus, which has clearly done quite well (although ebay makes it look like an underperformer). Anyway, the float may increase faster than I thought, but perhaps not as much as I had originally expected.

To: Doug Fowler who wrote (1268)	1/8/1999 5:23:00 AM
From: Doug Fowler	Read Replies (2) \| Respond to of 7772

eBay auction count update: Active auctions as of January 8,,,,,,,,,,1,281,084 Active auctions as of January 1,,,,,,,,,,1,208,832 Active auctions as of December 18,,,,,,,871,225 Active auctions as of December 11,,,,1,032,073 Active auctions as of December 4,,,,,,1,125,353 Active auctions as of November 27,,,,,,,998,481 Active auctions as of November 20,,,,,,,980,435 Actuve auctions as of November 13,,,,,,942,949 Active auctions as of November 6,,,,,,,,,901,626 Active auctions as of October 30,,,,,,,,,,861,802 Active auctions as of October 23,,,,,,,,,,832,486 Active auctions as of October 9 ,,,,,,,,,,,794,279 Active auctions as of October 2 ,,,,,,,,,,,762,731 Active auctions as of September 25,,,,,,722,745 Active auctions as of September 18,,,,,,708,964 Active auctions as of September 11,,,,,,687,649 Active auctions as of September 4,,,,,,,,645,491 Active auctions as of August 28, 1998: 649,169 Active auctions as of August 21, 1998: 625,810 Active auctions as of August 14, 1998: 612,893 Growth from 13 weeks (one quarter) ago: 61.3 percent