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

To: Nelson Chang who wrote (1407)1/26/1999 12:42:00 AM
From: Doug Fowler  Respond to of 7772
 
These analysts can't even predict auction growth for a three month period. (Witness: They are forecasting $15M in sales for this past quarter for eBay when the actual numbers will be at least $18M to $20M.)

To think that they have ANY CLUE as to what is going to happen three years down the road is to believe that you can buy Manhattan for $20.

I wouldn't be surprised to see the market for auctions much higher than their forecast. However, there will be intense competition, and the market could get very fragmented.




To: Nelson Chang who wrote (1407)1/26/1999 9:20:00 AM
From: Daniel Simon  Respond to of 7772
 
<<- online auctions will yield $7.1 billion over 4 yrs>>
Assume you mean total sales, revenue to auction companies is much smaller)
So that is 1.75 billion a year? Sounds like ebay at 8billion market cap is discounting the entire market (4 years out) and more (and I thought they had competition).
Except for limited float I don't see how this company can sustain this valuation.
Good luck and better profits,
Daniel


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