A number of key developments to note for eBay (NASDAQ:EBAY) watchers:
Another Deal between Skype and 3
Skype seems to be making deals left and right. In addition to the SMC/FON bundle deal we mentioned on Thursday, Skype also announced a deal with Hutchison Whampoa on the global launch of the X-Series from 3. In so doing, X-Series becomes the first mobile operator to allow users to make Skype-to-Skype calls from their mobile phones.
Interestingly, eBay (EBAY) Marketplaces also made it into the deal. X-Series customers will be able to shop on eBay real-time with free searching, browsing and bidding. "This will give eBay users with access to 3 the ability to enjoy enhanced opportunities to buy and sell on the go and not just in front of their PCs."
Web 2.0 Summit Review
There was extensive coverage of the Web 2.0 Summit in San Francisco last week whose speakers included Skype CEO Niklas Zennström, eBay Research Labs Director Eric Billingsley, as well as Alibaba CEO Jack Ma. Apart from a great summary of the event here, you can access Morgan Stanley's Managing Director Mary Meeker's slides on 'The State of the Internet' here. Recall from an earlier post back in July, that Meeker has a very bullish long-term view on eBay.
Cramer's eBay Change of Heart
In Thursday's Mad Money Lightning Round Cramer continued to support his change of heart on eBay. Cramer said, "I changed my mind on eBay ... Some unbelievable research coming out from Bear Stearns that shows listings are up. ... I think that eBay is going higher." Love him or hate him, you have to admire the following that he has managed to attract.
Reduction in Short Interest Continues
Last month I reported the first reduction in short interest in eBay for many months. This month, according to Yahoo! Finance data, the short interest has continued its decline and now stands at 47.3 million shares (as of Oct 10). Recall that previous Yahoo! Finance readings were 49.0m in September, 51.4m in August, 50.0m in July, 46.4m in June, 46.3m in May, and 40.1m in April.
Disclosure: Author is long eBay (EBAY) at time of writing.