Before the bell: Futures higher ahead of Goldman, PPI, housing dataKlausner Technology Inc, which has sued several companies for damages and future royalties, has settled the suits and reached an agreement Monday with Apple Inc (NASDAQ: AAPL), eBay Inc (NASDAQ: EBAY) and AT&T Inc (NYSE: T) to license its "visual voicemail" technology that sends visual alerts to computers or mobile telephones when a user has a voice message.
Meanwhile, Barron's Tech Trader Daily gave several analysts' assessments of the upcoming 3G iPhone: At RBC, they're expecting "massive" shipments of the phones in Q4; this was supported by an analyst at Deutsche Bank. The Goldman analyst didn't stop there but said he expects improvements in the iPod and Mac business segments as well.
And while Apple is increasing its global foot print, so is Yahoo! Inc. (NASDAQ: YHOO). The internet portal company said on Tuesday that its mobile search service will be offered by six more telecom companies in Asia, bringing the total to 60 partnerships with companies reaching 600 million subscribers. A Yahoo! exec said he expects the mobile advertising market to rise to $16.2 billion in 2011 up from $1.5 billion in 2006 where Yahoo! is well poised to get a large share.
But all is not rosy at Yahoo! to say the least, as is evident by the massive loss of talent. The recent is Yahoo's EVP Jeff Weiner. Yahoo's president Sue Decker has apparently emailed employees following his resignation. TechCrunch has the surprisingly cheerful and positive email.
BP Plc (NYSE: BP) said it finally started to commission its Thunder Horse platform in the Gulf of Mexico on June 14 and that the platform would be in continuous production by year-end. The field will produce a maximum of 250,000 barrels per day of oil and 200 million cubic feet per day of natural gas when it reaches peak production. BP owns 75% of Thunder Horse and is the field's operator while Exxon Mobil Corp (NYSE: XOM) owns the remaining 25%.
Adobe Systems Inc. (NASDAQ: ADBE) shares are declining over 3% in premarket trading after it posted a 41% rise in fiscal second-quarter profit on strong sales.
PepsiCo Inc. (NYSE: PEP) affirmed its full-year earnings outlook, but said flooding shuttered its Quaker manufacturing plant in Cedar Rapids, Iowa.
Serious Money: How 'Stable' after 345 DJIA drop? -- CB, DIS, JNJ, TEVA & XEL
Closing Bell: Dow plunges amid grim economic news; AIG, CIEN, LM, TEX decline, WMT gains
Is BT's offer to save Britain's red phone boxes for £500 fair?
Reader Comments (Page 1 of 1)
6-17-2008 @ 3:57PM
Tracy Fair said...
Ebay is going down the tubes!
Ebay is causing sellers to leave in droves, with the new policy changes and tens of thousands are upset and will be protesting at Ebay Live 2008, this week.
The changes are idiotic. Sellers can no longer leave negative or neutral feedback, even if a buyer bids, wins your item, ingores your emails and doesn't pay. What right do they have to leave any feedback, if no transaction has taken place? We have sellers, bidding on competitors items and ruining their feedback, just to get a boost, on their own items.
Ebay went in and retroactively turned all neutrals, to negatives. Neutral, means just that, how can ebay call neitral, negative? They swtarted giving new discounts to people with good ratings, but they knock them down first, with the neutral change, so that many can't even meet the requirements, for the discount.
That is not the worst of it. We have thousands and thousands of sellers, who have closed their stores and we KNOW that the listing count should be going down. But, we have uncovered the source of the raised listing counts and I can't see it being anything, but fraud.
The seller BUY or Buy.com was taken on by ebay, right at the time ebay KNEW they were going to lose sellers. They are using buy.com, to pad the listings, to make it look like the count is up, when it really isn't. We have found thousands upon thousands of fake listings, that have no description and you can't even buy them. I found them ending tens of thousands of listings early, saying they are no longer available for sale and then immediately relisting them. Most likely to keep the sell through rate up and then relisting them again, to up the listing count 2 fold. They don't even pay any fees, being owned by ebay, so all the listings that they are padding, aren't even bringing in revenue???? Something isn't right here!
Isn't this making the stockholders think that listings are up, when they really aren't? We have all the proof documented. I even have it documented of when I was talking to Ebay Live Help and asking them about all the ads, being ended early and it immediately stopped, when they found out that we knew about it.
Please help us in exposing them, for what they are trying to pull. The boycotters should have a fair chance, to show what is really going on, behind the scenes.
Thank You
Tracy Fair and thousands of other ebay sellers.
P.S. You can find the revolt going on at: http://forums.ebay.com/db2/forum.jspa?forumID=113