Apparently the average selling price of items on eBay was good last quarter. That certainly would have helped with profits.
More Quotes from Safa Rashtchy:
It's alarming, ... because you don't know if they are spending more because of exciting new products that could come out in the near future or because of competitive pressure to keep up with everyone else.Safa Rashtchy
Yahoo's strong performance this quarter, beating estimates and raising guidance, repeats its performance of the last three quarters and should eliminate doubts about the company's ability to generate and grow non-advertising revenues.
Safa Rashtchy
but I think eBay and even Amazon have reached pretty high valuations that can't be supported even with their growth rate.
Safa Rashtchy
There's been a string of bad luck and sloppy disclosure which does reduce the confidence of investors, especially those with shorter-term horizons.
Safa Rashtchy
It is a positive move. Investors almost hated the e-commerce business because a it was low margin operation, ... What they like about Internet media companies is they get 80-to-90 percent margins on advertising and sponsorships agreements. Why bring it down by selling something that has no margins.
Safa Rashtchy
We have hit the bottom of the advertising slump and are seeing a slow recovery, ... Things are not getting worse, and they are getting progressively better.
Safa Rashtchy
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