EBay Bid Lower as Auction Growth Slows: related news

EBay Bid Lower as Auction Growth Slows

EBay Inc. (EBAY) Chief Executive John Donahoe said Wednesday the e-commerce giant was on track to boost growth in its core auction business, despite disappointing year-over-year growth in some key metrics that pushed the company's shares lower.

eBay Success Story, Entrepreneur and Author of 'The Guru's Guide to eBay,' Expert Greg Kusch, to Host Seminar in Santa Monica, California August 23, 2008

SANTA MONICA, Calif., Aug. 5 /PRNewswire/ -- Santa Monica, California native Greg Kusch, the author of a new book "The Guru's Guide to eBay" (http://www.wewillsellanything.com), reveals his personal eBay secrets to success and insider's knowledge in Santa Monica, California on August 23, 2008. Kusch is accredited through eBay University, one of only 28 people in the world who is certified and trained by eBay. During the course of these seminars, attendees will learn from the master "The Basics of Selling on eBay" and "Beyond the Basics (How to Open a Business on eBay)" as well. These courses give new or inexperienced eBay users the tools they need to become successful eBay sellers and entrepreneurs.

EBay (EBAY) NewsBite - EBay Price Target Slashed

EBay Inc. (EBAY) opened at 27.09. So far today, the stock has hit a low of 25.95 and a high of 27.43. EBAY is now trading at 27.22, down 0.27 (-1.00%). The stock hit its 52 week high of 40.73 in October and set its 52 week low of 25.10 in March. EBAY has been dropping for most of the past year. A RBC Capital Markets analyst cut his price target on the stock today to $35 from $40, and said the effect of deals with large online retailers the company's revenue may be more muted due to less-favorable terms. The company had signed a deal with Buy.com allowing it to sell books, electronics and other items on eBay's Website without paying the full complement of fees. Technical indicators for the stock are bearish but slightly improving while S&P gives EBAY a very positive 5 STARS (out of 5) strong buy rating.

EBay quarterly profit rises, but shares fall on outlook

Online auction house eBay Inc. said yesterday that its second-quarter profit jumped 22 per cent, as the company enjoyed strong growth in its e-commerce sites and its PayPal payments service. But eBay's outlook for the current quarter was softer than analysts had been forecasting, and the company's shares fell in after-hours trading after closing up $1.21 at $28.10. EBay earned $460-million, or 35 cents a share, compared with $376-million, or 27 cents, in the year-ago quarter. Excluding certain items, eBay earned 43 cents a share. That beat Wall Street's forecast for 41 cents a share. EBay's revenue rose 20 per cent to $2.2-billion. Analysts polled by Thomson Financial had been looking for $2.17-billion. EBay expects third-quarter earnings of 30 cents to 32 cents a share, or 39 cents to 41 cents a share on an adjusted basis, and $2.

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research

Marketplace Research by Terapeak Offered as Alternative to eBay Marketplace Research VICTORIA, Aug. 18 /PRNewswire/ - Terapeak, an eBay Certified Provider, today announced that Marketplace Research by Terapeak is being offered as an alternative for eBay Marketplace Research, which eBay plans to retire as of September 15th, 2008. Available to all existing eBay Marketplace Research subscribers, and to all eBay users going forward, the tool will be accessible from the eBay website, and Terapeak will provide dedicated customer support. Fred Speckeen, CEO of Terapeak/AERS, says, "The transfer of research responsibilities to Terapeak reflects our longstanding business relationship with eBay, and our company's commitment to providing the best market research product possible.

UPDATE CEO Says EBay On Track Despite Auction Concerns (DJ)

DOW JONES NEWSWIRES EBay Inc. (EBAY) Chief Executive John Donahoe said Wednesday the e-commerce giant was on track to boost growth in its core auction business, despite disappointing year-over-year growth in some key metrics that pushed the company's shares lower.

EBay interested in buying Gmarket stake

Online auction giant EBay is in talks to buy a stake in Korean e-commerce site Gmarket. Gmarket operates an online auction businesses and online shopping mall. EBay, which also operates its own online auction business in South Korea, is in talks with Gmarket's largest shareholder Interpark to buy its stake, the Wall Street Journal reports. Both EBay and Interpark confirmed the companies were in talks. Interpark owns about 37 percent in the online auction site.

Belgian Tribunal Dismisses L'Oreal Claims in eBay Lawsuit

eBay said the Belgian Tribunal de Commerce has dismissed all claims by L'Oreal brought against eBay regarding the sale of counterfeit items. eBay issued a statement published on the eBay corporate blog "This is the second successful court ruling in a row for eBay, both supporting our view that controlling prices and distribution reduces consumer choice. The litigation of counterfeits against eBay has been exposed as merely a stalking horse. eBay provides a vibrant and trusted marketplace that gives European consumers a good deal. We work to tackle the menace of counterfeit through action and co-operation with rights owners."

EBay Abandons Plans For PayPal Monopoly

An anonymous reader writes "eBay's has lost its fight to ban all payment methods except PayPal. When Paypal originally announced the scheme it was to be global, but they began with a dry run in Australia to test the reaction of government and consumer authorities. In the public slanging match that followed between eBay and the regulatory ACCC, eBay spammed users claiming it was fighting for 'safety benefits for consumers.' Fortunately the consumers won. Conceded eBay vice president Simon Smith, 'While we disagree with the ACCC's draft notice, we have decided to withdraw the notification to stop any further confusion and disruption among the eBay community.' Nevertheless eBay insists PayPal is now always offered as a payment option. Have big corporations finally learned that they can go too far? More chillingly, if eBay had launched the sc

Tiffany appeals ruling eBay won over fakes

Tiffany & Co. challenged yesterday a federal ruling that largely absolved eBay Inc. of policing its auction site for counterfeit items, saying the judge was wrong to leave the primary burden to the jewellery maker. The appeal with the 2nd U.S. Circuit Court of Appeals in New York extends a case that Tiffany filed against eBay in 2004 arguing that most items listed for sale on eBay as genuine Tiffany products were fakes. Last month, a judge ruled that trademark holders like the jewellery maker, rather than auction platforms like eBay, are responsible for policing their brands online. Tiffany lawyer James Swire said yesterday that trademark law doesn't put the responsibility on Tiffany for policing its own trademark. "The judge's entire analysis of what is Tiffany's responsibility with respect to the site versus eBay's starts from an incorr

Tiffany appeals ruling eBay won over fakes

Tiffany & Co. challenged yesterday a federal ruling that largely absolved eBay Inc. of policing its auction site for counterfeit items, saying the judge was wrong to leave the primary burden to the jewellery maker. The appeal with the 2nd U.S. Circuit Court of Appeals in New York extends a case that Tiffany filed against eBay in 2004 arguing that most items listed for sale on eBay as genuine Tiffany products were fakes. Last month, a judge ruled that trademark holders like the jewellery maker, rather than auction platforms like eBay, are responsible for policing their brands online. Tiffany lawyer James Swire said yesterday that trademark law doesn't put the responsibility on Tiffany for policing its own trademark. "The judge's entire analysis of what is Tiffany's responsibility with respect to the site versus eBay's starts from an incorr

Tiffany appeals ruling eBay won over fakes

Tiffany & Co. challenged yesterday a federal ruling that largely absolved eBay Inc. of policing its auction site for counterfeit items, saying the judge was wrong to leave the primary burden to the jewellery maker. The appeal with the 2nd U.S. Circuit Court of Appeals in New York extends a case that Tiffany filed against eBay in 2004 arguing that most items listed for sale on eBay as genuine Tiffany products were fakes. Last month, a judge ruled that trademark holders like the jewellery maker, rather than auction platforms like eBay, are responsible for policing their brands online. Tiffany lawyer James Swire said yesterday that trademark law doesn't put the responsibility on Tiffany for policing its own trademark. "The judge's entire analysis of what is Tiffany's responsibility with respect to the site versus eBay's starts from an incorr

eBay Watch: iPhone Apps, Free eBay Alternative

EBay delays mandatory shipping specifications until August, eBay apps for the new iPhone are out now and eBay offers Fixed Price listings promotions. Plus, we take a look at the free eBay alternative selling site, Flippid.com, and also offer hints and tips from eBay sellers.

Tapping Into US Online Auction Buyers

By year-end 2007, 21% of US online consumers had purchased from an online auction in the past 12 months, representing a hefty slice of the eCommerce pie. Young, affluent, and tech-savvy, online auction purchasers are an attractive segment of the Web buyer population. Despite ongoing fraud concerns, most online auction buyers report being satisfied with their most recent purchase and are likely to return for future purchases. This enthusiast crowd has reached a point of limited growth, though, as evidenced by eBay's slowing sales of merchandise in the US. Most eBusiness professionals at retail organizations will stay out of direct sales via eBay and capitalize on the audience by using eBay as a marketing platform.

eBay's losing bid to bring in payment scheme

Online auction group eBay Australia & New Zealand has withdrawn plans to prohibit all payment options except PayPal Australia and cash on delivery. The online auction group owns PayPal, which charges a commission of between 1.1% and 2.4%. The move to restrict payment options prompted a strong response from eBay users. The Australian Competition & Consumer Commission issued a draft notice in early June 2008 denying eBay legal immunity from sections of the Trade Practices Act

eBay's losing bid to bring in payment scheme

Online auction group eBay Australia & New Zealand has withdrawn plans to prohibit all payment options except PayPal Australia and cash on delivery. The online auction group owns PayPal, which charges a commission of between 1.1% and 2.4%. The move to restrict payment options prompted a strong response from eBay users. The Australian Competition & Consumer Commission issued a draft notice in early June 2008 denying eBay legal immunity from sections of the Trade Practices Act.

Auctioneer Association to Sell 'Auction World' at Auction

It seems fitting that when an organization of auctioneers wants to sell one of its publications, it turns to the auction format. The National Auctioneers Association (NAA) announced the sale of its publication, "Auction World." The publication will be sold through a "modified sealed bid" auction, with bids due July 30, 2008. The top three bidders will participate in a live, online auction on NAAlive.com on July 31, 2008.

eBay claims court victory in Belgium over L'Oreal in counterfeit goods case

Online auctioneer eBay claimed yesterday to have won a Belgian court case against L'Oreal after the French cosmetics giant sued it over the sale of counterfeit goods. L'Oreal has brought cases against eBay in five European nations, including Belgium, accusing the company of not doing enough to prevent the sale of counterfeit goods posted on its auction and sale sites. The Belgian commercial court, the first jurisdiction to deliver a ruling, "has ruled in favour of eBay," said Sravanthi Agrawal, eBay spokeswoman in Europe. The court ruled that the world's largest online auctioneer did not have "a general monitoring obligation" of what was on offer on its site. "The judge confirmed that eBay acted diligently when it received letters from L'Oreal," the spokeswoman added.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif.-- (BUSINESS WIRE) -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Announces Marketplaces Executive Changes

SAN JOSE, Calif., BUSINESS WIRE -- eBay Inc. (Nasdaq:EBAY) today announced executive changes to its global Marketplaces business. Effective in October, Rajiv Dutta, President, eBay Marketplaces, will retire from the company. Succeeding Dutta as President, eBay Marketplaces, is Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe.

eBay Sellers Appeal to Australia Reserve Bank over PayPal Requirement

Anthony Green, an eBay seller from Australia, sent a letter to the Reserve Bank of Australia (RBA) requesting it take action with regards to eBay's policy requiring users to offer PayPal on all transactions. Sellers are still fuming over eBay's attempt to make PayPal the exclusive payment service on eBay Australia (referred to as "Stage 2"), which eBay backed away from after a regulatory agency indicated it would not support such a move. However, eBay Australia left its "Stage 1" policy in place, requiring sellers offer PayPal on all transactions.

EBay Shares Drop To Two Year Low

July 18, 2008 (FinancialWire) Shares of eBay (NASDAQ: EBAY) (Current Market Cap: US$31.85 Bil.) fell to their lowest point in nearly two years after the online auction company's second-quarter profit growth was eclipsed by a soft outlook. EBay shares fell $3.90, or 13.9%, to $24.20 Thursday, after earlier trading as low as $23.52, its lowest point since August 2006.The company said late Wednesday that its second-quarter earnings climbed 22%, helped by growth in the company's e-commerce sites and its PayPal payments service. But the company's third-quarter guidance disappointed analysts, who had expected earnings of 2 cents per share more on average. FinancialWire is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc.

EBay: The Doldrum Years

Can anything put the wind back in eBay’s sails? The once-iconic auction site is making cosmetic changes to its fee structure and moving away from the auction model to emphasize more fixed-price listings. But it’s hard to get excited these days about eBay. It seems that the Web has moved on and eBay (EBAY) is stuck in still waters.

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