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

To: Doug Fowler who wrote (2620)	4/13/1999 7:35:00 AM
From: gizelle otero	Respond to of 7772

eBAY was ranked first in most recent auction site survey, and... You will see teletrade at #7. Who are they? Good question. Teletrade is the Greg Manning (GMAI, NASDAQ $12.75) auction site for high-end sports cards, stamps, movie posters, artwork, coins, and diamonds. Let's call it the "Nordstroms" of internet auctions (eBAY would be the "WalMart"). Please notice it is the only publicly-traded company on the list that has not yet seen it's stock leap into the stratosphere over the past few months. However, it was up over 10% yesterday. GMAI is set to report earnings in 1-2 weeks, and they should be very good indeed (see company press releases). They have also hired Gruntal & Co. to represent them in strategic alliances with other internet companies (hint-hint). If you missed the eBAY run-up from $6.00 to $180+, you might want to get in a little earlier on the curve from obscure site to momentum rocket ship stock. GMAI is "under the radar" right now, but it is probably not too early to jump on board for the ride. Just my opinion, but I have been right as often as the next girl on these threads. Carpe Diem! 1. Ebay (review) 7.95 2. ONSALE (review) 6.97 3. AuctionUniverse (review) 6.56 4. DealDeal (review) 6.31 5. FirstAuction (review) 5.89 6. Yahoo! Auctions (review) 5.74 7. TeleTrade (review) 5.64 8. CityAuction (review) 5.49 9. OneWebPlace (review) 5.30 10. WebAuction (review) 5.29 11. uBid (review) 5.22 12. Up4Sale (review) 4.59 13. HaggleOnline (review) 4.57 14. Classifieds2000 (review) 4.46 15. Egghead.com (review) 4.06 Thanks for listening.

To: Doug Fowler who wrote (2620)	4/14/1999 12:55:00 AM
From: Stewart Elliot	Read Replies (1) \| Respond to of 7772

Doug, Despite your dismissal of yahoo auctions as a viable competitive threat, I believe that yahoo would be unable to sustain its current growth rate unless there were repeat users - apparently somebody is finding value in this free service. Since the beginning of the year, yahoo's auction count has gone up 92% (96K to 184K). EBAY's growth has been comparatively low, 58% (1,209K to 1906K). Over the last month, yahoo auction count has grown over 15% compared to EBAY's 3%, and incremental increase in auctions was actually around 1/2 that of EBAY's. Granted, on a market share basis, yhoo still does not come close to matching EBAY, but I'm not sure that anyone could claim yhoo is failing in this market. Despite the fact that yhoo does not heavily promote this service, it's growth is nothing short of impressive.

To: Doug Fowler who wrote (2620)	4/14/1999 7:38:00 AM
From: Nelson Chang	Read Replies (1) \| Respond to of 7772

Doug: You seem to follow the auction count quite closely. Do you have your own estimates for EBAY's revenues and earnings this quarter? I had a very quick glance at the auction count and it looks like EBAY's count grew even more this quarter than the previous quarter - in that the growth rate was somewhere around 45% for the last quarter reported, and just under 60% for the quarter to be announced. The growth rates I am referring to is within that specific quarter. ie. the growth rate grew 45% from October to December, and looks to be around 55-60% for January to March. This should be quite a strong earnings report. Especially given that EBAY had such a surprise in the last quarter, and this quarter seems to be even stronger. And even though the auction growth was kind of stagnant for a few weeks, its appears to be picking up again for the next quarter. Your opinions?