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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Teri Garner who wrote (56243)	2/17/1999 2:53:00 AM
From: Evan Dimmer	Respond to of 119973

EBAY and other Inet Blue Chips should be up today (YHOO, AMZN, etc..) AOL, eBay in talks on closer relationship - WSJ NEW YORK, Feb 17 (Reuters) - America Online Inc. (NYSE:AOL - news) is in talks with eBay Inc. (Nasdaq:EBAY - news) about a closer business relationship, including a possible acquisition by AOL of a minority stake in eBay, the Wall Street Journal said on Wednesday. Discussions, however, remain fluid, and people familiar with the talks say a direct AOL investment in eBay was no sure thing. EBay has a lot of traffic, about two million registered users, and the ability to hold users' interest for more than a few seconds. The average eBay user stayed on the site for 27 minutes, according to a MediaMetrix Inc. survey, the paper reported. Officials at eBay and AOL were not available for comment. EBay shares fell 4- to 231- on Nasdaq, while AOL gained 1 to 159- in New York Stock Exchange composite trade on Tuesday. AOL executives are interested in building closer ties between the two companies, people familiar with the situation told the Journal. AOL Chief Executive Steve Case has referred to eBay as one of the Web businesses that he most admires, they told the paper. The companies are talking about how to work closer together, including jointly developed content, so AOL users visiting eBay wouldn't completely slip away from AOL's own pages. Some eBay officials are intrigued by the idea, which could be a revenue maker for the company, the paper said. EBay also is interested in AOL's local sales service, called Digital Cities, which eBay could use to target a city with markets for things such as used cars or furniture. EBay is also interested in protecting its lead in the increasingly competitive online-auction market, which Internet giant Yahoo Inc. (Nasdaq:YHOO - news) entered a few months ago.