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eBay

(EBAY)

was down 3.4% in early trading.

Credit Suisse First Boston

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cut its 2001 earnings estimate on the company to 35 cents a share from 39 cents.

CSFB said the online auction company's purchase of France's

iBazar

is important to eBay's global expansion, but it could take 6 to 12 months to generate revenue from the deal.