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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (6960)	4/26/1999 11:50:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 78476

Geoff: Good point. The newspapers' classified ads are a very inefficient, ineffective and expensive substitute for on-line notification of items for sale. This should indeed spell trouble for the newspapers. I wonder if WEB is considering this? Peter

To: geoffrey Wren who wrote (6960)	4/26/1999 2:55:00 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78476

G Wren: Thanks for the heads up on auctions... with problems like that perhaps Ebay might be just a twidge overpriced Here's an interesting comparison: 11/25/98 4/26/1999 EBay Sothebys EBay Years in Business 2 plus 220 plus Revenues $32m $412m 53m P/E Ratio 1999 1157.7 23.5 10006 Price/Sales 110.6 3.3 457.95 Price/Book 96.7 3.6 286.19 Market Cap $7.9B $958M $25.5B The 11/25 column was put together by a short explaining his position, OOPS! The 4/26 is my update of selected items...I doubt that Sotheby's changed much. I agree that yahoo and others will command much greater share of classifieds and that this will not pleasant for newspapers since they have to compete with high fixed cost bricks and mortar.