The electromagnetic form factors of the proton in the time-like region
and two-photon annihilations into proton-antiproton are investigated.
To calculate these processes at moderately large s we use a variant o
f the Brodsky-Lepage hard-scattering formalism where diquarks are cons
idered as quasi-elementary constituents of baryons. The proton wave fu
nction and the parameters controlling the diquark contributions are de
termined from fits to space-like data. We also comment on the decay et
a(c) --> ppBAR.