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. |
The macro environment is affecting technology. You've gone from where people were overly optimistic about tech to where people are looking for change. |
The numbers, honestly, are at times unfathomable for us. |
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. |
The stock had gotten a little ahead of itself. |
Their growth rate internationally is still above 50 percent, |
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. |
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. |
They're betting on a change in the technology within voice communications, |
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. |
We are looking for an appropriate entry point and a more realistic set of expectations from investors. We would be aggressive buyers ... in the lower $300s. |
We are looking for an appropriate entry point and a more realistic set of expectations from investors. We would be aggressive buyers ... in the lower $US300s. |
We found Amazon results to be mixed and we believe the shares could be weak through the spring/summer months. |
We would be opportunistic at current levels and would become aggressive buyers around $30 per share, all else being equal. |