Internet News Internet Investing Internet Technology Windows Internet Tech. Yesterday Wall Street finally agreed, with a little help from DLJ, one of EBAY's IPO underwriters.
People come to buy and sell there, person to person, mano a mano.
The more the Web and individuals control the commerce, the more commerce occurs in our view. On a revenue multiple primary-share basis, we think eBay trades north of 60x our estimate of its 1998 revenue and about 35x next year's estimated revenue. If so, ONSL trades at about 1x to 2x revenue. A few weeks ago it launched a rival personal auction service in conjunction with Yahoo, all free. Time will tell if all bidders are not created more equal.