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

To: Doug who wrote (1313)	1/11/1999 1:20:00 AM
From: Dave Gore	Read Replies (2) \| Respond to of 7772

*** Att'n: eBay'ers...ONSL has one tenth the market cap of eBay..time to buy some ONSL? eBay is a great company but not sure it deserves a market cap of $10 Billion compared to ONSL's $1 Billion

To: Doug who wrote (1313)	1/11/1999 12:59:00 PM
From: Thomas V.	Read Replies (2) \| Respond to of 7772

Didn't realize they had announced a split. EBAY lockup is due to end on Saturday 1-23. (120days) Don't know if that means their stock can be sold on Monday 1-25 or if it can be sold on 1-21 with settlement on 1-25. I would expect eBay to make a significant announcement on or about that time (i.e. split, expansion of business model , etc.) something to drive demand to absorb some of those new shares in the float. I believe it will increase from about 3 million to 40 million or so. Those folks have been in since 18 and I would expect considerable selling when they get the chance to take some profits. If ( a big word) Ebay weakens considerably that could be a strong catalyst that breaks the Internet bubble. It was the Ebay IPO in Sept that started this last leg up in the I-net stocks. At some point many investors will start to look for a chair in this game of musical chairs. Continually strong demand with a small float combined with the ongoing short squeeze has put eBay stock where it is. The dramatic expansion of float should be negative for the stock price. But what do I know?? I thought (and still do)that it was a great company but not worth $2 Billion ($50/shr in Sept).