HOUSTON and SAN JOSE, January 25, 1999

In a step to make buying and selling on the Internet easier, Compaq Computer Corporation (NYSE: CPQ), the largest global supplier of computing systems and eBay (NASDAQ: EBAY), the world's largest person-to-person online trading community, today announced a strategic U.S. co-marketing relationship.

Through the agreement, Compaq later this quarter will feature an eBay icon exclusively on the Compaq Prosignia Desktop 310 and Notebook 210 personal computers. In addition, eBay will promote Compaq Prosignia computers at more than 90 tradeshow events throughout the year.

"Compaq is committed to offering businesses and individuals online trading solutions that fuel their growth and profitability," said Kenny Kurtzman, Vice President and General Manager, Small and Medium Business Division, Compaq Computer Corporation. "By integrating the eBay icon on the desktop of our Prosignia line, we are providing users with an introduction to the Internet's most popular destination for person-to-person trading."

"Many eBay users are business people who sell on eBay full-time. Others have told us that they purchased their first computer specifically to buy and sell items on eBay," said Steve Westly, eBay vice president of marketing. "eBay's partnership with Compaq now makes it even more convenient for business people and new computer owners to jump right in to begin browsing, shopping and selling on eBay."

Compaq's customer Choice model allows customers to configure and buy Prosignia products and services directly from Compaq through its DirectPlus Web site at http://www.directplus.compaq.com, by calling 1-800-888-9909 or from their local Compaq authorized Reseller/direct marketer of choice.

About Compaq Computer Corporation
Compaq Computer Corporation is a Fortune Global 100 company. Compaq is the second largest computer company in the world and the largest global supplier of computing systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, networking and communication products, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices.

Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at http://www.compaq.com.

San Jose, Calif. Jan. 25, 1999

eBay(tm) (NASDAQ: EBAY; www.ebay.com), the world's leading person-to-person online trading community, today announced a revolutionary feature that gives online trading a whole new look - the eBay "Gallery." Providing users with a more intuitive way to browse and place bids, the eBay Gallery showcases auction items in a catalog of pictures rather than text. The result for eBay users is a fun and richer trading experience.

"The eBay Gallery will dramatically change the way people trade online. We are enabling our users to navigate through the site in a faster and more efficient, visually appealing format," said Brian Swette, senior vice president of marketing for eBay.

Unique to eBay, the Gallery is currently available in the "Antiques" category and will be rolled out into other eBay categories within the next few months. This new proprietary technology, patent pending, was developed in-house at eBay. "We have created sophisticated technology that indexes hundreds of thousands of images real-time every day and presents them to our users in a compelling way," said Mike Wilson, vice president product development and site operations.

Feedback from the eBay community inspired the development of the Gallery. eBay users requested a more visually exciting shopping experience to add to the thrill of bidding on unusual, hard-to-find and gotta-have items.

"This new technology is enabling people to experience eBay the way they experience the world - visually," continued Swette. "Browsing through the eBay Gallery is like strolling through the mall and window shopping. With pictures to spark their curiosity, users will not only enjoy looking at the categories they usually visit, but also explore different areas and find new items of interest."

When eBay users select a category, they will have the option to browse items up for auction in the Gallery or via the standard text format. While the text mode lists items in a column by title, items in the Gallery appear as a series of pictures with the title, current bid and remaining auction time listed below. Users may click on an individual image for more details about that particular auction. Similar to the text listings, the Gallery offers the highly popular "Featured Auctions," in which specific items are highlighted within each category.

About eBay
eBay (www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.3 million registered users. Currently, there are more than one million items listed for sale. More than 150,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

San Jose, Calif. Jan. 15, 1999

eBay(tm) (www.ebay.com, NASDAQ: EBAY) -- the world's leading person-to-person online trading community -- announced today the release of its updated SafeHarbor and Buddy Programs. SafeHarbor(tm) 2.0 and the Legal Buddy Program 2.0 are comprehensive programs that help promote safe online trading as well as protect the community from fraud, the sale of illegal or infringing materials and people that would misuse the system. Highlights of the comprehensive trust and safety program:

• Free insurance from Lloyd's of London
• Verified eBay User status with accompanying icon
• Enhanced Feedback Forum
• Easy access to escrow
• Tougher Non-Paying Bidders and Shill Bidding policies
• Clarification of illegal items that are not permissible for sale
• Strengthened anti-piracy and anti-infringement program

While less than 1/100 of 1 percent of the millions of transactions have a reported fraud complaint, eBay takes every one seriously. Since it was founded in 1995, eBay has instituted a number of safety tools and resources including the Feedback Forum in Feb. '96 and SafeHarbor in Feb. '98. to actively work with the community and law enforcement agencies. eBay is now expanding this industry-leading program and providing even more with new tools and safeguards to make the site a safe place to trade online.

"eBay has zero tolerance for fraud," stated Meg Whitman, eBay president and CEO. "These new upgrades to the SafeHarbor and Legal Buddy Programs are designed to meet the demands of our growing community. While fraud and other trust and safety issues are not new, eBay's solutions are. We have committed and will continue to commit resources to have the most comprehensive programs in order to keep eBay a safe harbor for online person-to-person trading."

SafeHarbor(tm) 2.0
eBay vigilantly looks to protect its community and has created SafeHarbor 2.0 with new mechanisms added to its existing ones to help complete successful transactions, research complaints, and work with law enforcement agencies to investigate, arrest and convict fraudulent buyers or sellers on eBay.

Verified User Program
Currently, when a person joins the eBay community, they submit contact information that is verified at the time of registration and periodically updated to confirm its validity. In March '99, a new voluntary program -- Verified eBay User -- will encourage users to supply eBay with additional information for online verification. By offering their social security number, driver's license number and date of birth, users will, at an introductory price of $5, qualify for the highest level of verification on eBay. Verified eBay User status with accompanying icon means other eBay members can conduct transactions with added confidence in the identity of the user. All users' information will be protected under the eBay Privacy Policy and used exclusively for verification purposes.

"As a dedicated eBay member, I am in favor of the Verified eBay User program," stated Brent Peterson, an eBay user with 587 positive feedback points. "Now when I look up a user's profile, I will look for the Verified eBay User icon. For me, this symbol next to their name is another added level of confidence and trust."

To provide this online verification information, eBay will partner with Equifax Secure Inc., a division of Atlanta-based Equifax Inc., a trusted provider of consumer and business information. In evaluating the identity of the user, Equifax will compare and analyze the information provided by the user against consumer data from Equifax and other consumer and business information sources. The transfer of all private member information will be secure and encrypted.

Feedback Forum
At the core of the eBay community is the Feedback Forum, where registered buyers and sellers build up their online trading reputation. The Feedback Forum provides users with the ability to comment on their experiences with another individual. This creates a user feedback profile, which follows the user everywhere on eBay. Enhancements to the Feedback Forum will distinguish between feedback tied to a transaction (with the item number) and general feedback. In addition, for easier reading, responses and clarifications to comments will now be tied together to encourage further dialogue.

Insurance
By March '99, SafeHarbor 2.0 will automatically provide insurance from Lloyd's of London for users (with a net non-negative feedback rating) on their auctions up to $200, subject to a deductible of $25. eBay and Lloyd's of London have designed this program to set a new standard for safe online trading at no cost to the user.

For items over $200 or when either a buyer or seller feels the need for additional security, eBay recommends escrow services. With an easy to access link to a third-party escrow service, both partners in the deal will be protected.

Shill Bidding Policy
Trust within the community is lessened when a user makes a bid on an item with the intent to drive up the price of item and not to purchase it. With a new tougher shill bidding policy, eBay drives home the message that it does not tolerate shill bidding on one's own items either directly or through the use of multiple identities. The policy now clearly states there is a 30-day suspension for first time offenders and indefinite suspension following a second offense.

Non-Paying Bidder Policy
To help protect sellers, clear policy guidelines are also being set forth for non-paying bidders, a community-coined word for bidders who do not honor their commitment after winning an auction. Since there can be extenuating circumstances, first time non-payment results in a friendly warning. A sterner warning is issued for a second time offense with a 30-day suspension for a third offense and indefinite suspension for the fourth offense. This feature takes effect immediately and works independently of the Feedback Forum.

An additional upgrade to SafeHarbor 2.0 is the further clarification of illegal items that are not permissible for sale on eBay. As clearly outlined in the User Agreement, eBay does not allow the posting of items that are in violation of laws, statutes, ordinances or regulations. To further define this point, eBay will post a partial reference list of less obvious non-permissible items, which include live animals, human relics and remains, bulk email lists and other items.

Legal Buddy Program 2.0
The Legal Buddy Program has been upgraded by strengthening the ongoing relationship between eBay and Content Owners, the owners of intellectual property rights or copyrighted items. eBay is currently working with more than 100 industry-leading companies from software publishers to toy manufacturers to apparel makers.

Once notified by a Content Owner, eBay will remove illegal or unlicensed items. To help alert Content Owners, eBay has developed numerous tools, including an automated daily key word search for Content Owners to use to quickly enable them to find potentially infringing auction items. Dedicated email accounts will be established for Content Owners to contact eBay to remove the questionable items.

When items are removed from the site an email notice will be sent to the seller as well as any bidders, directing them to the Content Owner for further information. Many Content Owners are providing an educational "About Me" Web page to give users further information about copyrighted or other infringing items, what is permissible and not permissible to sell, FAQs and a company contact to discuss the authenticity of the item.

Enforcing SafeHarbor 2.0 and the Legal Buddy Program 2.0, the SafeHarbor Team currently consists of 24 members. This dedicated staff works around the clock to remove items and suspend users for inappropriate behavior. The Team diligently investigates and pursues claims of fraud and inappropriate or infringing items and works closely with local, state and Federal law enforcement agencies, including the FTC, FBI, ATF, state attorneys general and the Postmaster General.

As the community has always defined eBay, these changes to the SafeHarbor and the Legal Buddy programs will be launched in concert with community input and involvement in the first quarter of the year. Beginning next week, eBay will host discussions and invite community members to post their input on the "Discuss eBay's Newest Features" board. In addition, conforming changes will be made to the user agreement and Community Guidelines to take into account the new SafeHarbor 2.0 and Legal Buddy Program 2.0.

"We applaud eBay for taking these innovative steps to reduce the potential for problems with online auction transactions," said Susan Grant, director of the National Consumers League's Internet

Fraud Watch (IFW) program. "Providing more reliable information about sellers and preventing shills from abusing the system should give consumers more confidence in bidding for items." The IFW program, which can be reached through www.fraud.org, offers advice to online shoppers and relays consumers' reports about suspected Internet fraud to law enforcement agencies. IFW's online auction tips, including how to pay the safest way, are featured on the eBay site.

eBay is changing the way people collect by opening the world of the Internet to people from across the country to share their passion for collectibles, hard-to-find items or other auctionable items.

About eBay
eBay (www.ebay.com), the world's personal trading community(tm), pioneered person-to-person online trading. Founded in 1995, eBay has developed an efficient and entertaining trading site on the Web that is available 24 hours a day, seven days a week. eBay has more than 1.3 million registered users. Currently, there are more than one million items listed for sale. More than 150,000 items are added daily in more than 1,000 categories, including: antiques; books, movies and music; coins and stamps; collectibles; computers; dolls and figures; jewelry and gemstones; photo and electronics; pottery and glass; sports memorabilia; and toys.

SAN JOSE, Calif., Jan. 4

/PRNewswire/ -- The opportunity to own a piece of baseball history starts tomorrow on eBay (Nasdaq: EBAY; www.ebay.com). Four Mark McGwire and three Sammy Sosa 1998 home run balls will be auctioned in a manner perhaps as historical as the balls themselves. The auction will begin at eBay, the world's largest person-to-person online trading community, where qualified bidders may place bids January 5 through January 11. The next day, January 12, Guernsey's, the New York auction house, will conclude the auction at Madison Square Garden in what is believed to be the first-ever On-Live(tm) auction.

The auctions will consist of four Mark McGwire home run balls, including the 63rd, 67th, 68th, and the record smashing 70th ball, and Sammy Sosa's 61st, 64th, and 66th balls. In addition, other historic baseballs will be available for auction On-Live, January 12. Anyone interested in following the auction can look for the "Home run Ball" link on eBay, check out "...other happenings" on eBay's home page, or go directly to http://pages.ebay.com/homerun-ball.html

The online portion of the historic auction will begin with seven, individual private auctions on eBay beginning January 5 at 12 p.m. PST. On January 11 at 12 p.m. PST, the eBay auctions will close and the top three bids from each home run ball will advance to the On-Live portion. The On-Live auction will begin at 9 a.m. PST on January 12 at Madison Square Garden with a minimum bid equal to the highest bid from the online auction. Each of the three online bidders will place bids in traditional eBay proxy fashion -- placing the highest bid amount they would pay for the item. The eBay system will increase their bids automatically relative to other bids, both online and On-Live, until reaching that maximum bid.

"Hosting this historic sports auction is truly an honor for eBay," said Steve Westly, eBay vice president of marketing and business development. "Never before has such a prestigious auction of America's greatest pastime been available to the online community. The online format brings this historic auction to a broader audience of people who have never been able to participate in an auction of this scale before."

Online bidders will have the opportunity to increase their maximum bid a nytime during the auction. Bidding against the three online bidders will be a number of On-Live bidders at Madison Square Garden. Linking them together will be a large screen displaying the eBay Web page hosting the auction.

"This is the big auction that everyone has been waiting for and Guernsey's is thrilled to contribute to baseball's history," said Arlan Ettinger, president of Guernsey's. "The combination of an online and On-Live auction hosted by Guernsey's and eBay signifies one of the most historic sports memorabilia collecting events to date. Truly, this unique partnership will offer sports memorabilia collectors worldwide an opportunity to bid on a piece of history."

Bidder Verification
In order to take part in this historic auction through eBay, participants will follow a bidder verification process developed for this high-profile event. All participants must become registered eBay users and will be required to do the following:
* Complete and return a Home run Ball user agreement to eBay
* Provide financial qualifications to Guernsey's by obtaining an irrevocable letter of credit from the participant's financial institution for the maximum amount that will be bid on all lots included in this auction (minimum amount: $100,000)
* Purchase an auction catalog for "The Baseballs of 1998" from Guernsey's.
Specific details concerning the auction can be found on the eBay Web site by visiting http://pages.ebay.com/homerun-ball-participate.html. For more information about purchasing an auction catalog, contact Guernsey's directly or visit http://www.guernseys.com.

History of These Home Run Baseballs
Major League Baseball's magical season climaxed on September 27, 1998, when Phil Ozersky caught Mark McGwire's 70th home run ball at Busch Stadium. The 70th ball is the crown jewel of this unique auction, but all the baseballs have their own place in history. On September 15, Mark McGwire stepped to the plate against the Pittsburgh Pirates and belted home run number 63 (450th of his career), which was caught by John Grass in the left-center field stands at Busch Stadium. On September 26 in St. Louis, McGwire came to the plate in the fourth inning against Montreal and smacked home run number 67 into left field, where Douglas Singer was waiting, glove ready, to make history. In that same game, McGwire's 68th home run ball went to Heath Wiseman, a student from Iowa State University.

While McGwire was chasing a piece of history in St. Louis, someone was chasing McGwire in Chicago. McGwire's friend, Sammy Sosa, was also closing in on Roger Maris' record. Sammy Sosa's 61st home run ball, the one that tied Roger Maris' former record, will be a part of this live auction, with all the proceeds being donated to The Sammy Sosa Charitable Foundation. Also up for auction will be Sosa's 64th home run ball, caught by Veron Kuhlemeier in the right field stands of Milwaukee's County Stadium on September 23. Perhaps most impressive is the sale of Sosa's historic 66th home run ball, representing the second most home runs hit in a single season, hit on September 25 and currently owned by Albert Chapa.

A catalog describing each of the stories behind the seven home run balls is available from Guernsey's. The catalog features color photos of each ball and historical anecdotes from the famous home runs. Guernsey's, located at 108 East 73rd Street in Manhattan, is recognized as one of America's leaders in conducting specialized auctions of unique and rare 20th century objects. Some of Guernsey's more noted auctions include the JFK collection, the contents of the S.S. United States (the world's largest auction) and the first auction of artwork from the Soviet Union. Other sales include the art of Walt Disney, vintage carousel figures, and historic international racing cars.