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To: Mike Minster who wrote (4006)1/21/1999 9:16:00 AM
From: Kimberly Lee  Respond to of 5102
 
<<BTW, sold my MALL, made a bundle. Kimberly Lee pointed out that EBAY's lockup period ends Tuesday. I'm afraid a bunch of EBAY may hit the street and depress UBID/MALL. If that happens I'll probably buy back the MALL>>

Mike, bingo.
From Briefing and CNBC:
08:59 ET eBay (EBAY) 213 3/4: CNBC reporting that online auctioneer's lock-up period expires tomorrow, giving insiders their first opportunity to sell. EBAY came public July 15 at $18 a share. After falling 16 points yesterday, stock indicated another 10 points lower this morning.

Briefing is slightly inaccurate here, though, as EBAY came public in September, not July. They negotiated a 120 day lockup period instead of the usual 180 day -- perhaps that's why Briefing made that mistake.