ePiggy is going down..

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ePiggy is going down..

Post by Doc » May 5th, 2006, 12:05 pm

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You Cat't Keep Treating Your Members Like Dirt! It is coming around to Bite You In The ASS!!

Reuters
EBay sees faster growth ahead, investors unmoved
Friday May 5, 3:07 am ET
By Eric Auchard

SAN JOSE, California (Reuters) - EBay Inc. (NasdaqNM:EBAY - News) Chief Executive Officer Meg Whitman on Thursday promised investors that faster growth and market share gains lay ahead, but left the company's near-term outlook unchanged as international sales growth slows and it steps up investments in new businesses.

Speaking at the San Jose-based company's annual analysts' meeting, Whitman said revenue would grow around 31 percent this year to between $5.7 billion to $5.9 billion, reaffirming a forecast that disappointed Wall Street last month, sending shares down 9 percent the following day.

"We plan to grow our revenues even faster and gain share in our addressable markets," over the longer term, Whitman said, without giving details.

But six hours of executive presentations -- including 321 slides detailing the company's businesses -- did little to soothe investor concerns over maturing growth in its core auctions business, and eBay Nasdaq shares ended the day off 6 cents at $34.11.

Whitman said the company's best growth opportunity was cross-selling between its three main businesses -- eBay auctions and shopping, PayPal online payments and Skype Web telephone service -- which she dubbed "the power of three."

Piper Jaffray analyst Safa Rashtchy said PayPal remained the most promising part of eBay's businesses in the near-term. But he was pessimistic whether eBay could gain market share in the overall e-commerce business as rivals such as Google Inc. (NasdaqNM:GOOG - News) target its markets.

"EBay will find it hard to gain share in e-commerce," Rashtchy said at the sidelines of the analyst meeting. "But PayPal looks set to continue to gain market share," he said.

Executives said PayPal will step up investments in order roughly to double the number of markets to 105 countries where it offers the online payment service and increase the different currencies in which it accepts payments to 17 from seven now.

PayPal is eBay's fastest-expanding major business, growing 44 percent to $335.1 million in revenue last quarter from a year earlier and topped $1 billion for the first time in 2005.

Investors have been looking for increases in international revenue to offset the maturation of eBay's U.S. business, which is now growing around 20 percent a year.

Bob Swan, the company's recently hired chief financial officer, reiterated that the company's operating profit margin will dip to 33 percent during 2006, but said that margins should accelerate to 35 percent or more over the long term.

EBay sees long-term operating margins of 35 percent to 40 percent in its core e-commerce business of connecting buyers and selling online and 20 percent to 25 percent margins for PayPal and Skype, its two newer, faster-growing businesses.

Executives surprised analysts by disclosing that eBay users make an average of 345 million daily searches, which puts the site in a league with Google in terms of search activity.

The company is studying how to make more money from this vast audience, including "click-to-call" links, where customers can start a live phone call to a sales representative, simply by clicking on Web links next to eBay listings.

But Matt Bannick, president of eBay International, warned that growth overseas is slowing as markets mature in Europe, and due to competitive pressures in key Asian markets in South Korea and China.

First-quarter international revenue growth slowed to 31 percent from 43 percent a year earlier, while Europe -- which accounts for four-fifths of all international revenue -- slid to a 32 percent growth rate last quarter from 42 percent.

In Asia, eBay's South Korea business, Internet Auction, faces mounting competition in a market it has long dominated, he said. EBay is also struggling to find its footing in China, where Yahoo Inc.'s (NasdaqNM:YHOO - News) partner Alibaba.com boasts upward of 70 percent of the business-to-business auction market.
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Post by j-ainc » May 5th, 2006, 3:36 pm

Ok, Doc it is about time to start our own site!

WE-Bay
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Post by JR » May 5th, 2006, 10:02 pm

eBay seems to have gone in a different direction in the last year. I used to be able to find all sorts of stuff for my cars, but all I see is overpriced foreign made reproduction parts.

The cars I like, pre-49, are also overpriced. I think too many people have watched the Barrett-Jackson auctions and think their cars should bring the same prices. Barrett-Jackson is not a valid representation of classic and collector vehicle prices.

I search eBay once or twice a week for parts and vehicles and it still looks like the same crap for sale.

JR

8)

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I found this photo...

Post by blueturtlemotors » May 6th, 2006, 10:14 am

Of Doc when he was younger.... It seems he started out selling BEACH BALLS in sunny Florida when he was fresh out of school.

This photo was taken right before he made his first sale. He then went on to selling siding, vacum cleaners and then USED CARS. :roll:


You got to LOVE HIM!
Blue is better than PURPLE!

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Post by redturtlemotors » May 6th, 2006, 8:33 pm

That DOC is one Party Animal.. That's fer sure!

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Post by Doc » May 6th, 2006, 9:08 pm

Geez..

Jest what we need, Another Turtle!!
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Post by turtle-clan » May 6th, 2006, 9:23 pm

LOL, Laughing my butt off.
That red turtle is really cool.
Be patient, and get-r-done

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Post by blueturtlemotors » May 6th, 2006, 9:27 pm

Yea, some of them crap all over the place and others leave purple diapers everywhere!

:shock:

How are you this evening Doctor?
Blue is better than PURPLE!

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Post by blueturtlemotors » May 6th, 2006, 9:30 pm

That red turtle has bigger BUG eyes than you do PURPLE! :shock:
Blue is better than PURPLE!

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Post by greenturtlemotors » May 7th, 2006, 7:45 am

You guyz are a hoot..
GREEN Is Better Than Those Other's

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Post by blueturtlemotors » May 7th, 2006, 8:40 am

Purple, blue, green and now RED! But none of these other turtles have a BIG OLD SIGN! :roll:

I take this sign everywhere I go!
Blue is better than PURPLE!

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Post by salez4u » May 7th, 2006, 8:44 am

Hey what is with the blurred area in the photo? It sure doesn't look like DOC has anything to be ashamed of! :shock:

Hi little RED ! My what big EYES you have :D
Be careful about that Purple Turtle, he leaves his Purple Diapers everywhere ! 8) You should have seen the Red Mercedes after the Purple One was done with it! :shock:

Ebay is in deep shit over the Chinese Scammers with investors. That DYKE Meg has got to be worried, as comsumer confidence in EBAY is at an all time low :P
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Post by Doc » May 7th, 2006, 9:09 am

Ebay is in deep shit over the Chinese Scammers with investors. That DYKE Meg has got to be worried, as comsumer confidence in EBAY is at an all time low
She is hoping Skype can make eBay number grow. But i don't see any further growth for eBay.. They are so corrupt and whole place wreaks of scams and misrepresentation!

If they do add Skype buyers will be calling sellers and deals will be done off eBay, and when Goog gets their payment service up and running eBay will be loosing PayPal revenue too.. Miss Piggie may be a good media spinner, but sites such as this one are showing the dark side of eBay..

From Ina Steiner's news letter this morning.. "Last week, I read of two different sellers who had eBay Stores customer service representatives hang up on them. There are two sides to every story, but I sure hope eBay looks into how their reps are dealing with customers."

And "eBay did not give a schedule for when it may be adding Skype integration to eBay North America sites. But given its concern over off-market transactions (where sellers avoid paying eBay fees), I don't expect to see Skype in every category when it is launched."

http://fraudwar.blogspot.com
"When reading the AuctionBytes article, I came across a great site dedicated to fraud on eBay (eBayMotorsSucks). The site is very up-to-date and a great resource to protect people. I highly recommend it."

eBay is as good as doomed.. But Ma Meg can retire a millionaire so who cares about any of us??

Oh and Yes i am very proud of what i have to show off :)
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Post by turtle-clan » May 7th, 2006, 9:19 am

Am I correct in assuming that two of these turtles only have one eye?
One being me, I think I know who that bug eyed red one is.
I believe that is my Hero in disguise :D
Be patient, and get-r-done

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Post by Doc » May 7th, 2006, 9:41 am

Will the Real Turtle please stand up??
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Post by greenturtlemotors » May 7th, 2006, 9:44 am

I'm Here..
GREEN Is Better Than Those Other's

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Post by redturtlemotors » May 7th, 2006, 9:45 am

I'm Here Too!!
Red is MUCH Better Than Purple or Blue!

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Post by turtle-clan » May 7th, 2006, 11:28 am

I think all the colors are great people.
I sold two so far today, neither was listed nor advertised.
Both were sold to Ebay members.
Wonder how Ma Meg will like it when she reads this?
Skype causing more offsite sales? No, but purple will do it.
Has to have something to do with that sexy diaper :)
Be patient, and get-r-done

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Post by Doc » May 7th, 2006, 11:33 am

Just Think about it..

With Skype you can call your scammer to be pre-approved.. Why bother with email..
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Post by salez4u » May 7th, 2006, 12:07 pm

With Skype you can call your scammer to be pre-approved.. Why bother with email..
[quote][/quote] You got it Doc, Just sit back and watch the train wreck
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Post by blueturtlemotors » May 7th, 2006, 6:52 pm

I sold my big company a few years ago.... It was purchased by a group of lawyers that thought they knew it all. They thought they had a better way. They took something that was making a ton of money and turned it into crap. They were out of busness in less than 9 months. Maybe they were looking for a huge wirite off. I don't know....

The thing about these high powered CEO types is... If it's not their IDEA, they want nothing to do with it. What difference does it make if the company crashes and burns, they still get their bonus packages when the dust settles. Usually those packages are more money than any one person can spend in a life time.
Blue is better than PURPLE!

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Post by Doc » May 7th, 2006, 7:27 pm

Sounds like that Vehicle Rating BRAIN FART of an idea!
http://www.ebaymotorssucks.com/ebmreviews.htm

Some Corporate Idiot in eBay's upper management comes up with this idea and they all discuss it during the board meeting, knowing nothing about vehicles or vehicle transactions they all agree that it is a great idea. They then give the order down the chain of command to make it a reality..

Despite Not One Positive Comment in the above thread.. They will be rolling it out soon! And as an "Enhancement the Community Has Asked For!"

Where's that head up the azz pic when you need it??
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Post by salez4u » May 8th, 2006, 2:07 pm

Image

:D
Image

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Post by Doc » May 8th, 2006, 2:27 pm

Image

Image

Meanwhile as the Titanic Slowly Slips Into The Icy North Atlantic... :hal
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Post by j-ainc » May 8th, 2006, 2:32 pm

they keep going they are surely gonna stub a toe! :offtheair:
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Post by Doc » May 9th, 2006, 5:35 am

From this mornings Auction Guild Newsletter..

"ebaY's stock price continues its steady decline, after posting a disappointing first quarter earnings report. Listing numbers are way down, and Meg Whitman has committed to stockholders that she will suck more blood from sellers to increase profitability (look out - TAG thinks increased fees for stores and store inclusion in search are coming). The Supreme Court is poised to rule on MercExchange's ability to place an injunction on ebaY to stop ebaY's theft of MercExchange's patent (a charge on which ebaY has been convicted, and has used up all appeals). If the SC rules in MercExchange's favor, BIN will end - and one third of ebaY's sales will disappear from the site, and/or ebaY will have to pay up for all their years of patent theft. TAG predicts that MercExchange will then take ebaY back to court and sue them on their violation of MercExchange's auction patent.

So, if you haven't expanded your selling to VOTE sites (venues other than ebaY) and you still don't have a website to sell your wares, or at least to use as a hub for your sales on multiple sites, think about it, if you plan on continuing to have a viable business selling online."


Be interesting to see what the ePig Stock does today..
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Post by salez4u » May 9th, 2006, 1:37 pm

Image
Ebay
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Image

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Post by j-ainc » May 9th, 2006, 2:52 pm

Oh No, the E-Bay Express!!!!


Where is it you are wanting your baby bit?
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Post by Doc » May 9th, 2006, 4:53 pm

I like the eBay Express Derailment.. Wait until the sellers start getting their PayPal Charge Backs!

Busy Day! Sold 3 Volvo's, 1 Lexus, 1 Range Rover, And took a deposit on another Volvo!!

Salez.. Where do you want it???
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Post by j-ainc » May 9th, 2006, 5:06 pm

Congrats Doc, A $$ day in Paradise!!
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Post by Doc » May 9th, 2006, 5:35 pm

Yep.. Another day at the golden palace!!

But I'm not done yet.. Mailing out tags and registrations.. I include my little thank you letter and ask them to leave feedback for us on the website..

Will probably here for another hour.. <sigh>
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Post by JR » May 9th, 2006, 9:39 pm

eBay Express? I took a tour through it and didn't find any bargains there. Looked at computers, hardware, and software, the prices were the same or higher than I can buy locally or the merchandise was outdated.

What is the purpose of eBay Express?

Doc, five out the door in one day and a deposit on another. I would call that a very good day.

I haven't been around car sales for some time, what are the pay scales these days? I seen sales personnel get various percentages of the profit, other get a straight salary, with a bonus for each vehicle sold and other ways.

JR

8)

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Post by Doc » May 16th, 2006, 10:52 am

Image

Piggy still going down.. Even after the Supreme Court Victory..

I think the investors are wising up to Ma's media hype..
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Post by RS69cam777 » May 22nd, 2006, 11:32 pm

Figures don't lie, but lyers never figure,


With Gas, the floods up in Mass-a-taxes, the Storms all along the South {Fla-to La} still tore up.

The Northeast Ecom. just about shot,

Interest rates climbing.

And the SCAMS and shanagins NPB NSB , missrep. Autos, it's no wonder .

Ma and the hole in the wall gang are in La La land.


I have to admit Iam gun shy about buying anything on EBay, And thank GOD I have never got burnt.

But now I mainly look at the "Nearest to me" auctions .

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Post by Doc » May 23rd, 2006, 6:10 am

eBay is old news..

Can you hear the Snorting coming from the board room? They mass marketed it and made Billions, Ma and Pierre along with many other execs can retire millionaires..

Many lost money in the last stock crash, Others have lost money on Scams and Item Misrepresentation..

Like many have said, There is competition now, and many have went on their own or to other venues. eBay will no longer be a growth stock.. It can't go nowhere but down from here! And they did it to themselves!
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Post by turtle-clan » May 23rd, 2006, 6:54 am

Doc, I don't know much about stocks.
I have a very good friend/top exec in major internet company.
He is predicting a buy out at 28.00.

Will it happen? No clue
Will it be offered? You can bet on it.
Is this what the hole in the wall gang was after? I think so.
Does ebay have a chance to grow in the future? Absolutely, with management change, and a sell off of the junk attached. The sky is the limit.

Everyone laughed at Henry Ford.
They will probably laugh at my buddy also.

Investing in bigger sails, when the ship is sinking? Not smart.

But, who am I to judge. I am just a plain old southern country boy.
Thanking God for each day he gives me.
Be patient, and get-r-done

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Post by Doc » May 23rd, 2006, 7:20 am

I am learning about the Stock Market by following the Yahoo Finance board about eBay. Interesting, There are talks of the stock being purposely shorted down to lower it's value.

I guess if this is what is happening someone might force a buyout of the company.. And if you get rid of the greasy pigs in upper management there might be a chance of cleaning the dump up!

We just have to sit back and watch whats going on..

Here is the Yahoo Finance board link..
http://finance.yahoo.com/q/mb?s=EBAY
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Post by MidoriMeadows » May 23rd, 2006, 9:12 am

I've wondered if they're trying for a buyout. They keep aquiring things that aren't necessarily a good idea given the stock prices. Maybe Google will buy them out. They seem to run things a little better at least.
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Post by turtle-clan » May 24th, 2006, 4:52 pm

OK, my good doctor. It is on.
Not one but two.
As of 5.00 pm today the offer was made.
Will they find someway to block it? Don't have a clue.
Will the two combine/merge to fight it off? Most likely
Will they suceed? Very doubtful.

These are the questions that I asked.
The answers came from the horses mouth.

This is the best news I have had in a very long time.

This is just my opinion= I think the law suit against Ebay/Skype that was just filed, was the straw that broke the wagon down.

Let's keep our fingers crossed, and hope this goes through.
Be patient, and get-r-done

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EBay Slips on Tepid Enthusiasm After Event

Post by Doc » June 16th, 2006, 3:56 pm

EBay Shares Slip in Midday Trading As Analysts Attending Annual Conference Leave Lukewarm

http://biz.yahoo.com/ap/060616/ebay_mover.html?.v=2

NEW YORK (AP) -- Shares of online auction site eBay Inc. slipped in Friday trading, as analysts who attended the company's annual conference for top sellers expressed modest enthusiasm at best.

EBay expected the Las Vegas event to attract more than 10,000 users, who for the last five years have flocked to the conference to network, hone selling and computer skills, air grievances and rub elbows with the company's executives.

This year, eBay announced additions to the site including blogs, a wiki and a "Skype Me" button that allows buyers to contact sellers directly via the Internet phone service acquired by the company last year for $2.6 billion.

But these enhancements weren't enough to push analyst ratings. UBS Investment Research analyst Benjamin A. Schachter initiated coverage of the company with a "Neutral" rating and price target of $35.

"While this stock is cheap by historical comparisons, we do not believe it is poised for a meaningful increase in the near term," Schachter said in a client note. "Newer initiatives are not likely to have a meaningful impact."

Schachter also said the braking growth rate of the eBay core -- standard auction listings on the main site -- added to his "Neutral" rating and explained the poor performance of the stock this year. If eBay could speed core growth, or at least stop the drop, the stock price would rebound.

RBC Capital Markets analyst Jordan Rohan wrote in a note that companies hoping to poach Power Sellers (eBay's name for top users with high sales volume and positive customer feedback) were likely lurking at the event -- most notably Google, whose forthcoming GBuy online payment service is set to challenge eBay's PayPal.

Analysts from RBC, who attended EBay Live for the second time, said that negative buzz from sellers at the event has become a regular downward force for the company's stock. Last year, sellers revolted against increasing fees, sending share prices plummeting for weeks after the event.

This year, Power Sellers were down on what Rohan described as the company's "aggressive suspension activity for minor violations of policy."

Another big issue: Owners of eBay Stores, or custom-branded retailer pages within the eBay universe, were up in arms that their items weren't showing up in search results.

And RBC analysts weren't convinced that eBay had figured out the right way to use Skype. "If a Power Seller is operating a lean and mean business, if you accept Skype calls, you have to man a customer service center," said one. "We'll see."

The event also marked the official launch of eBay Express, which lets customers buy new merchandise from up to five different merchants at once with credit card or PayPal.

EBay users weren't yet benefiting, Rohan said, but that could change as the company starts marketing the service with TV spots in coming months.

Rohan kept his rating on the San Jose, Calif., company "Maintain Sector Perform," and kept a $42 share price target. "We believe eBay lacks near-term catalysts to move shares higher," he wrote.

Other analysts weighed in with a slightly more favorable outlook. Jefferies' Youssef H. Squali said site enhancements were a possible long-term positive and noted that eBay was ahead of earnings estimates for the second quarter and right on track with 200 million registered users.

He was also upbeat about eBay's new AdContext program, which puts contextual ads on affiliate sites to drive more traffic to eBay listings.

And in spite of search-results grumbling, stores listings were up 184 percent compared to last year (general eBay listings were up just 44 percent.)

As a result, he predicted a rise in store fees, which could prompt store operators to migrate back to the core marketplace.

While Internet stocks have dropped along with the markets, Squali wrote, "We view the current selloff as a buying opportunity for investors with at least a 12-month horizon." He rated eBay "Buy" with a target price of $30.66.

EBay shares, which have changed hands between $28.87 and $47.86 in the past year, fell 51 cents, or 1.7 percent, to $30.23 in midday trading on the Nasdaq.

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