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eBay after the bell 05-04-06: Meg promises much, investors unimpressed

ebay chart 05-04-06The big news today from eBay's analyst day was that Meg Whitman was promising: now, with even more revenue growth! Her presentation, and that of the other executives from eBay proper, PayPal and Skype, were really great. Evidently, either (a) you investors weren't watching or (b) without the analysts to tell you if it was good, you weren't ready to pull the trigger. After all, if a company talks to the analysts through market close, how can they affect the market? The stock was down a teeny bit, six cents, to $34.11, on a bit better-than-average volume.

Well. If you were online with me, you were armed with more info (you know, to toot my own horn, and all). I filled you in about eBay's view of their craigslist investment; how they planned to create synergies with Skype; how proud was the company of their 7% of worldwide long distance minutes; how PayPal will soon let you buy used books at your neighbor's yard sale with your mobile phone; and how $3 billion in cash was withdrawn from ATMs via PayPal debit cards. If I had to pick one thing I came away from those hours of watching Meg & team present (I mean, something substantial... I could go on forever about fashion choices but this isn't the style blog) it was that they really believe in their vision and they are fantastic at describing it. I was feeling a little scared off by the stock's rich price, but after listening to Meg, Bob, and the Skype and PayPal execs tell me about how they're going to change the world? Boy do I want to be along for the ride.

Continue reading eBay after the bell 05-04-06: Meg promises much, investors unimpressed

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DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 04:09 PM

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