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

To: Zena who wrote (1517)	2/1/1999 12:06:00 AM
From: Daniel Simon	Respond to of 7772

<<no one that I know or myself included would ever sell on Yahoo.>> Wow, what do you have against Yahoo? I would think you would want the largest audience for an auction. If Yahoo can provide as large an audience (and cost less) why would you and those you know not list there? At any rate I would consider the 'competition' factor might reduce the long term growth potential of ebay. But hey, I thought ebay was discounting alot of potential earnings last week when the stock was around 200. Clearly this stock "could" earn $1 million per share in 2099 (assuming a 'modest' annual earnings growth rate of 15% per year). Slap on a PE of 20 and you have a market cap of 800 quadrillion dollars. (assumes no increase in shares outstanding over the 43 million fully diluted shares). Given this scenario todays price looks cheap. An investor would earn an annual return of 28%/year. Good luck and better profits, Daniel