Scott Devitt Quotes (20 Quotes)

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.

Ebay put out good numbers. Wall Street had already priced in a possible miss or even lower guidance going forward but that did not happen. Ebay in fact moderately raised expectations. So that's a good thing.

The stock had gotten a little ahead of itself.

That's exactly what's going on, ... You've had three years of tremendous post-bubble growth. Now the companies have to reinvest.

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.

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.

It's tough to make an investment decision in front of litigation.

The numbers, honestly, are at times unfathomable for us.

Amazon is really getting hit from both sides. The business environment, especially in the United States, is very, very competitive.

Ebay is really fighting for China but there are two entrenched players there already. So eBay had to invest more in China to compete more aggressively for market share.

We found Amazon results to be mixed and we believe the shares could be weak through the springsummer months.

They're betting on a change in the technology within voice communications,

In our opinion, it's not time to become a holder yet, but certainly the shares are more attractive in the mid-300s than the mid-400's.

I wouldn't read a lot into it. They're being conservative. Their comments imply to me that their numbers are low.

These businesses are not meant to be managed on a quarterly basis but people take quarterly results and extrapolate them to come up with a long-term value for the stocks. You have to look at them with time horizons of two or three years, not two or three months.

Consumers start out with books and as they become more comfortable buying on the Internet, they climb the average selling price ladder. Before you know it, theyre buying expensive jewelry on the Internet.

I would expect this sell-off to continue tomorrow. It will be an interesting day in the Internet sector tomorrow. I can guarantee you that.

eBay is a company that understands network effects better than any other, ... Its core business, as well as (online payment system) Pay Pal, have been created and have succeeded by this network effect as more users come in, the marketplace grows in value.

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.

The macro environment is affecting technology. You've gone from where people were overly optimistic about tech to where people are looking for change.