OnlyEBAY - Seeking Alpha 'OnlyEBAY' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/onlyebay eBay Forecasting Slow Down in Q3 http://seekingalpha.com/article/99799-ebay-forecasting-slow-down-in-q3?source=feed 99799 Having significantly lightened my position in EBAY after their mediocre Q2 results back in July, I have not been following the company as closely (hence the relative lack of posts). That said, EBAY spared me the trouble of forecasting Q3 revenue by pre-announcing (should read 'warning') Q3 revenue of around $2.12 billion. This is pretty disastrous. It means Y/Y growth in revenue has fallen to 12.2% and more importantly, Y/Y growth in Marketplace transaction revenue will be close to zero in both domestic and international markets. With such quickly deteriorating fundamentals, its no surprise EBAY is now trading at single-digit P/E ratios.

]]> Tue, 14 Oct 2008 14:10:02 -0400 Only eBay OnlyEBAY submits:

Having significantly lightened my position in EBAY after their mediocre Q2 results back in July, I have not been following the company as closely (hence the relative lack of posts). That said, EBAY spared me the trouble of forecasting Q3 revenue by pre-announcing (should read 'warning') Q3 revenue of around $2.12 billion. This is pretty disastrous. It means Y/Y growth in revenue has fallen to 12.2% and more importantly, Y/Y growth in Marketplace transaction revenue will be close to zero in both domestic and international markets. With such quickly deteriorating fundamentals, its no surprise EBAY is now trading at single-digit P/E ratios.


Complete Story »]]> EBAY Only eBay eBay Launches worldofgood.com, a Social Values Marketplace http://seekingalpha.com/article/93733-ebay-launches-worldofgood-com-a-social-values-marketplace?source=feed 93733 EBAY (EBAY) has unveiled a new ecommerce marketplace called WorldofGood.com, which "offers products that have a positive impact on people and the planet, empowering consumers to align their social values with their shopping." This is an interesting approach to a new market niche that also has the potential to enhance EBAY's image as a socially-friendly organization.

I've always thought expanding via vertical-specific marketplaces was a great idea. World0fGood.com is not exactly what I had in mind (I was thinking more along the lines of newegg.com, etsy.com, stubhub.com) but it will be interesting to see if the site gets some traction on the back of some EBAY traffic.

]]> Wed, 03 Sep 2008 10:36:07 -0400 Only eBay OnlyEBAY submits:

EBAY (EBAY) has unveiled a new ecommerce marketplace called WorldofGood.com, which "offers products that have a positive impact on people and the planet, empowering consumers to align their social values with their shopping." This is an interesting approach to a new market niche that also has the potential to enhance EBAY's image as a socially-friendly organization.

I've always thought expanding via vertical-specific marketplaces was a great idea. World0fGood.com is not exactly what I had in mind (I was thinking more along the lines of newegg.com, etsy.com, stubhub.com) but it will be interesting to see if the site gets some traction on the back of some EBAY traffic.


Complete Story »]]> EBAY Only eBay What Will Be the Impact of eBay's Rate Changes? http://seekingalpha.com/article/93600-what-will-be-the-impact-of-ebay-s-rate-changes?source=feed 93600 Moving toward traditional retail

As anticipated, eBay (EBAY) announced a new fixed priced listing format with significantly lower upfront fees ($0.35 for a month listing) that is better suited for retailers looking to use eBay as a channel for new goods, plus other changes to payments and shipping requirements. In the US the new format will be in addition to the auction and stores format and will replace auction/buy-in-now hybrid. We think these change reflect a more discerning eCommerce consumer, weak auction format GMV growth (just 2% in 2Q) and opportunity to increase PayPal adoption.

Take-rate (revenue) impact likely negative, PayPal offsets

]]> Tue, 02 Sep 2008 16:13:40 -0400 Only eBay OnlyEBAY submits:

Moving toward traditional retail

As anticipated, eBay (EBAY) announced a new fixed priced listing format with significantly lower upfront fees ($0.35 for a month listing) that is better suited for retailers looking to use eBay as a channel for new goods, plus other changes to payments and shipping requirements. In the US the new format will be in addition to the auction and stores format and will replace auction/buy-in-now hybrid. We think these change reflect a more discerning eCommerce consumer, weak auction format GMV growth (just 2% in 2Q) and opportunity to increase PayPal adoption.

Take-rate (revenue) impact likely negative, PayPal offsets


Complete Story »]]> EBAY Only eBay eBay / Gmarket: Four Reasons the Deal Makes Sense http://seekingalpha.com/article/90964-ebay-gmarket-four-reasons-the-deal-makes-sense?source=feed 90964 So news emerges that eBay (EBAY) is in discussions to acquire a minority stake of around 37% in Gmarket (GMKT). This makes a lot of sense to me.

First, the plan fits perfectly into EBAY's expansion through partnership model.

]]> Thu, 14 Aug 2008 12:16:13 -0400 Only eBay OnlyEBAY submits:

So news emerges that eBay (EBAY) is in discussions to acquire a minority stake of around 37% in Gmarket (GMKT). This makes a lot of sense to me.

First, the plan fits perfectly into EBAY's expansion through partnership model.


Complete Story »]]> EBAY GMKT Only eBay E-Commerce Growth Slowing Faster Than Thought http://seekingalpha.com/article/88518-e-commerce-growth-slowing-faster-than-thought?source=feed 88518 E-commerce is slowing down much more than previously thought. According to comScore, Y/Y growth was down to 11% in June. And that includes the effects, if any, of the government’s economic stimulus checks mailed in May.

On one hand, this is bad news for (EBAY). They are competing in a slower growing market. On the other, it does show that the slowdown in EBAY GMV growth is not entirely an EBAY-specific issue in which they are losing market share.

]]> Fri, 01 Aug 2008 04:54:53 -0400 Only eBay OnlyEBAY submits:

E-commerce is slowing down much more than previously thought. According to comScore, Y/Y growth was down to 11% in June. And that includes the effects, if any, of the government’s economic stimulus checks mailed in May.

On one hand, this is bad news for (EBAY). They are competing in a slower growing market. On the other, it does show that the slowdown in EBAY GMV growth is not entirely an EBAY-specific issue in which they are losing market share.


Complete Story »]]> EBAY Only eBay Activity in Online Payment Services http://seekingalpha.com/article/87975-activity-in-online-payment-services?source=feed 87975 Quite a bit of news around online payment processing in the last few days. In my opinion, the high level of activity and competition in the sector is very healthy and underscores the attractive fundamentals of alternative online payments. So here is what the 'PayPal killers' have been up to lately.

Amazon (AMZN)  re-launches yet another attempt at online payments called, unsurprisingly, Amazon Payments. It seems like another iteration of the Amazon Flexible Payment Service they launched a year ago which, unfortunately, has not found very much support. Hopefully this rejuvenated new launch will be better received although I'm still not sure how they plan on convincing top online retailers to display an Amazon logo at checkout.

]]> Wed, 30 Jul 2008 10:28:02 -0400 Only eBay OnlyEBAY submits:

Quite a bit of news around online payment processing in the last few days. In my opinion, the high level of activity and competition in the sector is very healthy and underscores the attractive fundamentals of alternative online payments. So here is what the 'PayPal killers' have been up to lately.

Amazon (AMZN)  re-launches yet another attempt at online payments called, unsurprisingly, Amazon Payments. It seems like another iteration of the Amazon Flexible Payment Service they launched a year ago which, unfortunately, has not found very much support. Hopefully this rejuvenated new launch will be better received although I'm still not sure how they plan on convincing top online retailers to display an Amazon logo at checkout.


Complete Story »]]> AMZN EBAY GOOG Only eBay eBay: Sum of the Parts http://seekingalpha.com/article/87391-ebay-sum-of-the-parts?source=feed 87391 Payments

PayPal had Q2 revenue of $602 million and is on track to reach 2008 revenue of $2.5 billion and somewhere around $3.3 billion in 2009. This implies a 2009 top-line growth rate of 32% which would be a modest deceleration from current rates and assumes PayPal will continue to be able to counterbalance lower growth rates on-EBAY with an ever-increasing proportion of business coming from Merchant Services.

PayPal's operating margin (excluding options) is expected to come close to 20% in 2009. This would yield 2009 pro-forma operating income of $660 million and tax-adjusted pro-forma earnings of around $500 million. If we assume a forward P/E multiple of 30x (restricting PEG to under 1.0x) we get a current valuation of roughly $15 billion.

]]> Mon, 28 Jul 2008 10:27:48 -0400 Only eBay OnlyEBAY submits:

Payments

PayPal had Q2 revenue of $602 million and is on track to reach 2008 revenue of $2.5 billion and somewhere around $3.3 billion in 2009. This implies a 2009 top-line growth rate of 32% which would be a modest deceleration from current rates and assumes PayPal will continue to be able to counterbalance lower growth rates on-EBAY with an ever-increasing proportion of business coming from Merchant Services.

PayPal's operating margin (excluding options) is expected to come close to 20% in 2009. This would yield 2009 pro-forma operating income of $660 million and tax-adjusted pro-forma earnings of around $500 million. If we assume a forward P/E multiple of 30x (restricting PEG to under 1.0x) we get a current valuation of roughly $15 billion.


Complete Story »]]> EBAY Only eBay PayPal Growth Counterbalances eBay's Slower Growth http://seekingalpha.com/article/86788-paypal-growth-counterbalances-ebay-s-slower-growth?source=feed 86788 PayPal had Q2 revenue of $602 million and is on track to reach 2008 revenue of $2.5 billion and and somewhere around $3.3 billion in 2009. This implies a 2009 top-line growth rate of 32% which would be a modest deceleration from current rates and assumes PayPal will continue to be able to counterbalance lower growth rates on-EBAY with an ever-increasing proportion of business coming from Merchant Services.

PayPal's operating margin (excluding options) is expected to come close to 20% in 2009. This would yield 2009 pro-forma operating income of $660 million and tax-adjusted pro-forma earnings of around $500 million. If we assume a forward P/E multiple of 30x (restricting PEG to under 1.0x) we get a current valuation of roughly $15 billion.

]]> Thu, 24 Jul 2008 10:26:03 -0400 Only eBay OnlyEBAY submits:

PayPal had Q2 revenue of $602 million and is on track to reach 2008 revenue of $2.5 billion and and somewhere around $3.3 billion in 2009. This implies a 2009 top-line growth rate of 32% which would be a modest deceleration from current rates and assumes PayPal will continue to be able to counterbalance lower growth rates on-EBAY with an ever-increasing proportion of business coming from Merchant Services.

PayPal's operating margin (excluding options) is expected to come close to 20% in 2009. This would yield 2009 pro-forma operating income of $660 million and tax-adjusted pro-forma earnings of around $500 million. If we assume a forward P/E multiple of 30x (restricting PEG to under 1.0x) we get a current valuation of roughly $15 billion.


Complete Story »]]> EBAY Only eBay PayPal Merchant Service Major Source of Growth for eBay http://seekingalpha.com/article/86191-paypal-merchant-service-major-source-of-growth-for-ebay?source=feed 86191
With sustained growth rates near 60% Y/Y, PayPal Merchant Services has become a major pillar of growth for (EBAY). In last week's Q2 report, the percentage of PayPal TPV from Merchant Services was already up to 49%, which means that sometime this quarter, PayPal Merchant Services will officially overtake PayPal on-EBAY in TPV.

And there is still plenty of room for growth. As of Q2, only 32 of the top 100 US merchants and 13 of the top 50 UK merchants offered PayPal. That's a lot higher than in Q1 but still represents only a minority of merchants. Already in Q3, PayPal has announced the addition of OfficeMax and American Eagle Outfitters (AEO) to the PayPal roster.

]]> Tue, 22 Jul 2008 10:39:47 -0400 Only eBay OnlyEBAY submits:


With sustained growth rates near 60% Y/Y, PayPal Merchant Services has become a major pillar of growth for (EBAY). In last week's Q2 report, the percentage of PayPal TPV from Merchant Services was already up to 49%, which means that sometime this quarter, PayPal Merchant Services will officially overtake PayPal on-EBAY in TPV.

And there is still plenty of room for growth. As of Q2, only 32 of the top 100 US merchants and 13 of the top 50 UK merchants offered PayPal. That's a lot higher than in Q1 but still represents only a minority of merchants. Already in Q3, PayPal has announced the addition of OfficeMax and American Eagle Outfitters (AEO) to the PayPal roster.


Complete Story »]]> EBAY Only eBay What to Expect From eBay's Earnings http://seekingalpha.com/article/85255-what-to-expect-from-ebay-s-earnings?source=feed 85255 Another (EBAY) quarterly earnings report is on our doorstep. I've already mentioned my financial expectations for Wednesday night (follow the Q2 earnings release here). The only thing I would add is that I expect EBAY will have continued its aggressive buyback program, which will help EPS growth outstrip revenue growth for yet another quarter. So we are looking at around 26.5% EPS growth to about $0.43 (compared to my revenue growth of 24.5% to $2.28 billion).

I also wanted to mention a few observations. The first is that my expectations are rather bullish compared to consensus (MarketWatch says analysts estimate EPS of $0.42 and revenue of $2.17 billion). The second is that EBAY has been on an M&A diet for 18 months. So despite an FX tailwind, that makes EBAY's growth that much more impressive. My final thought is that given the state of the global economy, these levels of growth are becoming increasingly rare (and EBAY's valuation discount therefore increasingly interesting).

]]> Wed, 16 Jul 2008 11:06:05 -0400 Only eBay OnlyEBAY submits:

Another (EBAY) quarterly earnings report is on our doorstep. I've already mentioned my financial expectations for Wednesday night (follow the Q2 earnings release here). The only thing I would add is that I expect EBAY will have continued its aggressive buyback program, which will help EPS growth outstrip revenue growth for yet another quarter. So we are looking at around 26.5% EPS growth to about $0.43 (compared to my revenue growth of 24.5% to $2.28 billion).

I also wanted to mention a few observations. The first is that my expectations are rather bullish compared to consensus (MarketWatch says analysts estimate EPS of $0.42 and revenue of $2.17 billion). The second is that EBAY has been on an M&A diet for 18 months. So despite an FX tailwind, that makes EBAY's growth that much more impressive. My final thought is that given the state of the global economy, these levels of growth are becoming increasingly rare (and EBAY's valuation discount therefore increasingly interesting).


Complete Story »]]> EBAY Only eBay Checking Out at eBay, Not So Smooth http://seekingalpha.com/article/85044-checking-out-at-ebay-not-so-smooth?source=feed 85044 I dread every time I'm paying for an item and (EBAY) sends me off to any one of a number of approved third-party checkout systems. I would even say that if I knew beforehand that a seller uses an alternative checkout system, I would avoid them altogether. I can only imagine this nuisance can turn to complete frustration for less experienced buyers.

It's not just that each system has its own peculiarities and problems (some require phone numbers, others require re-typing addresses, others try to cross-sell, others add you to a mailing list, others simply look horrible), it's that the EBAY marketplace simply shouldn't have such broadly different checkout experiences. I have nothing against third party checkout providers, but EBAY should really make sure the experience is completely seamless to the buyer.

]]> Tue, 15 Jul 2008 10:25:22 -0400 Only eBay OnlyEBAY submits:

I dread every time I'm paying for an item and (EBAY) sends me off to any one of a number of approved third-party checkout systems. I would even say that if I knew beforehand that a seller uses an alternative checkout system, I would avoid them altogether. I can only imagine this nuisance can turn to complete frustration for less experienced buyers.

It's not just that each system has its own peculiarities and problems (some require phone numbers, others require re-typing addresses, others try to cross-sell, others add you to a mailing list, others simply look horrible), it's that the EBAY marketplace simply shouldn't have such broadly different checkout experiences. I have nothing against third party checkout providers, but EBAY should really make sure the experience is completely seamless to the buyer.


Complete Story »]]> EBAY Only eBay eBay Wins Lawsuit Thanks to VeRO http://seekingalpha.com/article/84904-ebay-wins-lawsuit-thanks-to-vero?source=feed 84904 (EBAY) Monday won a legal victory over Tiffany with a federal judge ruling that Tiffany failed to prove the online auctioneer was responsible for the sale of fake Tiffany jewelry on its marketplaces. This obviously sets an important precedent for EBAY but, more importantly, is a major victory for EBAY's Verified Rights Owner (VeRO) Program, which was created to allow intellectual property owners to easily and effectively report listings that infringe their rights.

The Tiffany lawsuit was brought against EBAY after the VeRO program was in place. While lawsuits brought against EBAY prior to VeRO have recently sided with the intellectual property holder, this result highlights the effectiveness of the program in fighting counterfeit or illegal listings.

]]> Mon, 14 Jul 2008 15:20:52 -0400 Only eBay OnlyEBAY submits:

(EBAY) Monday won a legal victory over Tiffany with a federal judge ruling that Tiffany failed to prove the online auctioneer was responsible for the sale of fake Tiffany jewelry on its marketplaces. This obviously sets an important precedent for EBAY but, more importantly, is a major victory for EBAY's Verified Rights Owner (VeRO) Program, which was created to allow intellectual property owners to easily and effectively report listings that infringe their rights.

The Tiffany lawsuit was brought against EBAY after the VeRO program was in place. While lawsuits brought against EBAY prior to VeRO have recently sided with the intellectual property holder, this result highlights the effectiveness of the program in fighting counterfeit or illegal listings.


Complete Story »]]> EBAY Only eBay eBay Estimates Raised Ahead of Earnings http://seekingalpha.com/article/84319-ebay-estimates-raised-ahead-of-earnings?source=feed 84319 It's going to be an interesting Q2 earnings release. One on hand we have a vocal group of sellers clamoring that traffic is down, sales are down, listings are down and conversions are down. And on the other we have a growing group of research analysts stating the 2008 changes (EBAY) has implemented are showing progress and raising estimates for Q2 and the remainder of the year.

Tuesday it was Morgan Stanley who claimed negative sentiment on EBAY was overdone and that it sees upside to current Q2 estimates. Wednesday it is Bank of America and Citigroup, who both raised their Q2 estimates and said EBAY is likely to beat consensus in Q2.

]]> Wed, 09 Jul 2008 16:30:43 -0400 Only eBay OnlyEBAY submits:

It's going to be an interesting Q2 earnings release. One on hand we have a vocal group of sellers clamoring that traffic is down, sales are down, listings are down and conversions are down. And on the other we have a growing group of research analysts stating the 2008 changes (EBAY) has implemented are showing progress and raising estimates for Q2 and the remainder of the year.

Tuesday it was Morgan Stanley who claimed negative sentiment on EBAY was overdone and that it sees upside to current Q2 estimates. Wednesday it is Bank of America and Citigroup, who both raised their Q2 estimates and said EBAY is likely to beat consensus in Q2.


Complete Story »]]> EBAY Only eBay Google to Help eBay Fight Phishing http://seekingalpha.com/article/84142-google-to-help-ebay-fight-phishing?source=feed 84142 Just like Yahoo (YHOO) did last year, Google (GOOG) has agreed to put in place a system that automatically detects and blocks PayPal and EBAY (EBAY) phishing e-mails from reaching your Gmail inbox.

This is another positive step in fighting fraudsters. Although, as Michael Barrett, the chief information security officer for PayPal states, "security on the Internet is never won with a silver-bullet approach, so I still encourage you to follow all of the general safe e-mail rules."

]]> Tue, 08 Jul 2008 11:53:59 -0400 Only eBay OnlyEBAY submits:

Just like Yahoo (YHOO) did last year, Google (GOOG) has agreed to put in place a system that automatically detects and blocks PayPal and EBAY (EBAY) phishing e-mails from reaching your Gmail inbox.

This is another positive step in fighting fraudsters. Although, as Michael Barrett, the chief information security officer for PayPal states, "security on the Internet is never won with a silver-bullet approach, so I still encourage you to follow all of the general safe e-mail rules."


Complete Story »]]> EBAY GOOG Only eBay Q2 Predictions for eBay Business Segments http://seekingalpha.com/article/83854-q2-predictions-for-ebay-business-segments?source=feed 83854 Q2 Predictions for PayPal


PayPal had a great Q2, adding three more airlines, launching mobile-payments with Sprint Nextel, gaining access to two major PSP's with 18,000 combined merchants, introducing PayPal Pay Later across all EBAY listings, pursuing innovative promotions, and celebrating its 10th year anniversary. So what growth can we expect in Q1?

PayPal Merchant Services continues to make huge strides in signing up new merchants and capturing a larger share of merchant payments. At the same time, as PayPal Merchant Services becomes more ubiquitous across merchants, the more e-commerce growth as a whole (estimated at 17% in 2008) weighs on the division. After three consecutive quarters of greater than 60% Y/Y growth in TPV, I expect the Merchant Services to slow to 55% Y/Y growth in Q2.

]]> Sun, 06 Jul 2008 11:59:22 -0400 Only eBay OnlyEBAY submits:

Q2 Predictions for PayPal


PayPal had a great Q2, adding three more airlines, launching mobile-payments with Sprint Nextel, gaining access to two major PSP's with 18,000 combined merchants, introducing PayPal Pay Later across all EBAY listings, pursuing innovative promotions, and celebrating its 10th year anniversary. So what growth can we expect in Q1?

PayPal Merchant Services continues to make huge strides in signing up new merchants and capturing a larger share of merchant payments. At the same time, as PayPal Merchant Services becomes more ubiquitous across merchants, the more e-commerce growth as a whole (estimated at 17% in 2008) weighs on the division. After three consecutive quarters of greater than 60% Y/Y growth in TPV, I expect the Merchant Services to slow to 55% Y/Y growth in Q2.


Complete Story »]]> EBAY Only eBay Skype Appoints New COO http://seekingalpha.com/article/83755-skype-appoints-new-coo?source=feed 83755 Skype Wednesday announced it named Scott Durchslag as Chief Operating Officer. This is an important hire as it brings an individual with over 20 years of experience, including 5 years at the helm of Motorola's $25 billion Mobile Devices Business.

"I believe in Skype not only because I've been a user since the early days, but also because I'm convinced the opportunities ahead for Skype are tremendous given how the world is changing," said Durchslag. "Skype combines superior multimedia communications technology with making the world a better place by cost-effectively connecting consumers on a global scale, as well as enabling smaller businesses to grow without the unnecessary fuel consumption, costs and carbon pollution generated by needless travel. It is truly a privilege to join the Skype team and help to build a great company."

]]> Thu, 03 Jul 2008 12:22:35 -0400 Only eBay OnlyEBAY submits:

Skype Wednesday announced it named Scott Durchslag as Chief Operating Officer. This is an important hire as it brings an individual with over 20 years of experience, including 5 years at the helm of Motorola's $25 billion Mobile Devices Business.

"I believe in Skype not only because I've been a user since the early days, but also because I'm convinced the opportunities ahead for Skype are tremendous given how the world is changing," said Durchslag. "Skype combines superior multimedia communications technology with making the world a better place by cost-effectively connecting consumers on a global scale, as well as enabling smaller businesses to grow without the unnecessary fuel consumption, costs and carbon pollution generated by needless travel. It is truly a privilege to join the Skype team and help to build a great company."


Complete Story »]]> EBAY Only eBay eBay Asked to Pay $63M in Fraudulent Merchant Suit http://seekingalpha.com/article/83398-ebay-asked-to-pay-63m-in-fraudulent-merchant-suit?source=feed 83398 In a relatively significant ruling, a French court has asked EBAY (EBAY) to pay $63 million in damages to LVMH for fake luxury goods sold by third-party merchants on the platform. Interestingly, the court also banned any EBAY merchants from selling four perfume brands.

As expected, EBAY said it would lodge an appeal and said the decision was not a victory for copyright law. "This decision is not based on combating counterfeit material. It is based on LVMH's desire to protect its commercial practices and exclude competition," said a spokeswoman for EBAY.

]]> Tue, 01 Jul 2008 10:14:36 -0400 Only eBay OnlyEBAY submits:

In a relatively significant ruling, a French court has asked EBAY (EBAY) to pay $63 million in damages to LVMH for fake luxury goods sold by third-party merchants on the platform. Interestingly, the court also banned any EBAY merchants from selling four perfume brands.

As expected, EBAY said it would lodge an appeal and said the decision was not a victory for copyright law. "This decision is not based on combating counterfeit material. It is based on LVMH's desire to protect its commercial practices and exclude competition," said a spokeswoman for EBAY.


Complete Story »]]> EBAY Only eBay EBAY Acquires VUVOX http://seekingalpha.com/article/82695-ebay-acquires-vuvox?source=feed 82695 EBAY has announced that it has acquired a small company called VUVOX. VUVOX focuses on allowing users to produce and share personal media including video, photos and music. Terms of the deal were not disclosed although EBAY did announce the VUVOX team would be hired as eBay employees and join the design and development teams in San Jose. EBAY also stated that the acquisition would help further develop rich media capabilities in the EBAY marketplace.

]]> Wed, 25 Jun 2008 16:43:32 -0400 Only eBay OnlyEBAY submits:

EBAY has announced that it has acquired a small company called VUVOX. VUVOX focuses on allowing users to produce and share personal media including video, photos and music. Terms of the deal were not disclosed although EBAY did announce the VUVOX team would be hired as eBay employees and join the design and development teams in San Jose. EBAY also stated that the acquisition would help further develop rich media capabilities in the EBAY marketplace.


Complete Story »]]> EBAY Only eBay Blockbuster Integrates PayPal Into Online Service http://seekingalpha.com/article/82693-blockbuster-integrates-paypal-into-online-service?source=feed 82693  Yet another major online merchant decides to accept PayPal.

Blockbuster (BBI) has announced it is integrating PayPal ahead of the highly anticipated launch of its movie downloading service this summer. The companies are also offering a special 2 week trial for PayPal customers.

]]> Wed, 25 Jun 2008 16:21:16 -0400 Only eBay OnlyEBAY submits:

 Yet another major online merchant decides to accept PayPal.

Blockbuster (BBI) has announced it is integrating PayPal ahead of the highly anticipated launch of its movie downloading service this summer. The companies are also offering a special 2 week trial for PayPal customers.


Complete Story »]]> BBI EBAY Only eBay eBay P/E Hits New Low http://seekingalpha.com/article/82497-ebay-p-e-hits-new-low?source=feed 82497 Even though EBAY's (EBAY) share price is still well above the low 20's it reached in the summer of 2006, the company's P/E ratio has continued to slide as earnings have continued to grow. EBAY is now trading at 17.5x TTM earnings, 14.7x 2008E earnings, and a lowly 12.2x 2009E earnings. This ranks EBAY as one of the cheapest Nasdaq stocks based on earnings alone.


 

]]> Tue, 24 Jun 2008 10:13:47 -0400 Only eBay OnlyEBAY submits:

Even though EBAY's (EBAY) share price is still well above the low 20's it reached in the summer of 2006, the company's P/E ratio has continued to slide as earnings have continued to grow. EBAY is now trading at 17.5x TTM earnings, 14.7x 2008E earnings, and a lowly 12.2x 2009E earnings. This ranks EBAY as one of the cheapest Nasdaq stocks based on earnings alone.


 


Complete Story »]]> EBAY Only eBay