posted on September 14, 2008 12:50:57 PM new
eBay:
"No. Ebay has lost touch with reality and the company is hapless. They ought to sell themselves to someone.
posted on September 14, 2008 01:19:15 PM new
Wow! I wonder if they are TRYING to put themselves in the position to be purchased by Amazon - then just hold on to the moneymaker Paypal. Their stock is down over 30% in the past year - unless they are trying to be bought out, they need to get rid of the gruesome twosome John Donohoe and Lori Norrington (sp?) asap.
They are cutting 10% of their workforce - how sad to run a company in to the ground so quickly!
Reuters
Ebay may cut 1,500 jobs: Barron's
Sunday September 14, 9:21 am ET
U.S. online auctioneer eBay Inc (NasdaqGS:EBAY - News) may cut 1,500 jobs, according to an article in Barron's weekly, citing a report published last week by investment-research firm Wedge Partners.
The Wedge report, according to Barron's, said eBay's business was "deteriorating" and the company was readying layoffs that could affect 10 percent of its 15,000 employees.
Wedge Partners and eBay could not immediately be reached for comment.
~~~~~~~~~~~~~~~~~~ Caroline
posted on September 14, 2008 01:30:53 PM new
Hopefully the "finding team" is the first to go!
Of course, arguements could be made for Donahue.... hmmmm now I'm torn between the two.
posted on September 14, 2008 01:51:13 PM new
What was Jim thinking ? A few months ago E-Bay was his darling and stock was grossly undervalued. A buyout of the company may not be a bad idea as mentioned above....
posted on September 14, 2008 01:57:32 PM new
While looking for the smileys that sthoemke was kind enough to find - I found the following from an old Vendio user. Go to Ebay - perform a core search for "life" - bid high - pay extra for overnight shipping.....
I think that's what I need to do to get out of this Ebay nightmare, but then I have a decent sales week and try sticking it out a little longer...
~~~~~~~~~~~~~~~~~~ Caroline
posted on September 14, 2008 03:23:58 PM new
Cramer changes his view on stocks based on changes in the company. He is not always right about whether the stock price will go up or down, but he does his homework when it comes to the viability of the company and whether they have a good business model.
IMHO and as a "patron" of Ebay for more than 10 years, I think Ebay has lost its way and it is a shame.
I have invested in Ebay stock in the past, but I would not do it now.
posted on September 14, 2008 04:36:46 PM new
merrie, I too invested in ebay stock a long time ago and made a very good profit over the GROWTH years, I have since sold off all the stock and did very well with it. But no way in hell would I buy it now, it is slowly going down the dumper !!!
I don't know who would buy them but somebody need to get them back on track. JMO
posted on September 14, 2008 04:55:04 PM newThe Wedge report, according to Barron's, said eBay's business was "deteriorating" and the company was readying layoffs that could affect 10 percent of its 15,000 employees.
Here is two 100,000 dollar questions. What does ebay need with over 15,000 employees in the first place? And second, what do they actually do?
They sure don't give us any customer service, so IMHO a reduction in employees at ebay would be simply cutting the fat.
Caroline 
