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

To: Gopher Broke who wrote (2521)	4/8/1999 5:42:00 PM
From: Jenne	Respond to of 7772

EBay Seeks To Boost Number Of Authorized Common Shares Dow Jones On Line - April 08, 1999 16:20 By Joelle Tessler, Staff Reporter NEW YORK -(Dow Jones)- Online-auction company EBay Inc. is asking shareholders to approve an increase in the company's authorized number of common shares to 900 million from 195 million. In a preliminary proxy statement filed with the Securities and Exchange Commission, eBay (EBAY) also is seeking to boost the authorized number of preferred shares to 10 million from 5 million. EBay shareholders are expected to vote on the authorizations at the company's annual shareholder meeting on May 28. In its filing, the company said it currently has no specific plans to issue the additional shares that would be authorized under the proposal, but that "these shares will provide additional flexibility to use our capital stock for business and financial purposes in the future." The company also noted that the proposal wasn't prompted by the threat of any hostile takeover attempt. EBay, of San Jose, Calif., said that as of March 1, it had 120.8 million common shares outstanding and had reserved 24.3 million shares for issue upon the exercise of options and rights. The company said its has no preferred shares outstanding, but that the board is currently authorized to issue up to 5 million preferred shares. EBay shares (EBAY) closed Thursday at $171.75. EBay also revealed in its preliminary proxy statement that it awarded Margaret Whitman, the company's president and chief executive, options worth $42.72 million - which the executive exercised - last year. In addition, eBay paid Whitman a salary of $145,833 and a bonus of $100,000 in 1998. Whitman was hired as eBay's chief executive in February 1998. The company paid Pierre Omidyar, its founder and chairman, a salary of $96,000 and a bonus of $25,000 in 1998. EBay didn't award Omidyar any options last year.

To: Gopher Broke who wrote (2521)	4/8/1999 6:04:00 PM
From: Jenne	Read Replies (1) \| Respond to of 7772

When are the earnings for EBAY coming out?