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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (75799)	6/7/2002 7:52:35 AM
From: Jay k.	Respond to of 99280

I don't see any negative news on EBAY, Unless this was the negative news. "Rosy Picture Whitman continued to paint a rosy financial future for eBay at this week's meeting, saying there is still a lot of potential in the marketplace. "There isn't much you can't find on eBay," Whitman told shareholders. Since its inception, eBay has expanded its online auction business to include a wide variety of categories, from trading cards and videotapes to art and antiques. Despite the sagging economy, the auction site has remained popular among buyers and sellers. Although all auction categories did well in the first quarter, according to eBay, top performers included eBay Motors, Computers, Consumer Electronics, Book/Movies/Music, Collectibles, Sports, Toys, Clothing & Accessories, Jewelry & Gemstones and Antiques & Art. Whitman said eBay's cars division is its most profitable. "It's just a strong indication that consumers aren't slowing down online spending and consumers aren't going to go anywhere," Yankee Group analyst Rob Lancaster told the E-Commerce Times. Investors Not Convinced Despite the positive tone of eBay's first-quarter report, however, investors were not convinced that the company's growth streak will continue. The auctioneer's shares slipped $1.89 to $53.04 before market close on the day the financials were released, and continued declining in after-hours trading. Whitman noted that several market opportunities still exist for eBay. In such areas as music, for example, eBay has racked up less than a 1 percent market share globally. "So if we were able to grow that to just 2.5 or 3 percent, we [could] be very big and very successful," she said. "How much growth is left? A lot." story.news.yahoo.com