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To: donkeyman who wrote (16521)	4/5/1999 12:21:00 PM
From: Gordon Gekko	Read Replies (3) \| Respond to of 37507

EBAY shares. These numbers are prior to the 6.5M share offering. I don't believe those shares have hit the market yet. Shares Outstanding - 120.8M Float - 10.5M

To: donkeyman who wrote (16521)	4/5/1999 12:31:00 PM
From: Tiger USA	Respond to of 37507

Donkeyman, I think I had posted this before but,... EBAY's revenues are the FEES that they receive on the customer to customer products, NOT on the items themselves. That is also why their Gross Margin (as someone stated yesterday) was like 80-90% of sales. If a seller sells a computer to a buyer for say $1,000, EBAY gets their fee (percentage or whatever) and THAT is their revenue NOT the $1,000. Yes that means there is a lot of commerce going through their site to get the C$70 Mil. in revenues. Hope that clears it up a bit. John