The international business is really the growth story for eBay, especially as the U.S. market matures. However, there was a significant material decline in revenues overseas in the fourth quarter.
More Quotes from Scott Devitt:
We found Amazon results to be mixed and we believe the shares could be weak through the springsummer months.Scott Devitt
The macro environment is affecting technology. You've gone from where people were overly optimistic about tech to where people are looking for change.
Scott Devitt
Their growth rate internationally is still above 50 percent. If eBay is at 37 times forward earnings and maintaining 30 percent margins, that's a good investment at current valuations.
Scott Devitt
The search engines have been working on book-copying strategies themselves. This is Amazon showing people it too has a pretty compelling database of book text.
Scott Devitt
This new contract for five years is a positive indication that the GDS business, while mature, is taking positive steps to ensure its longevity. We view the deal positively and believe that other carriers may follow suit.
Scott Devitt
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