posted on September 6, 2000 08:57:02 AM
The value of eBay stock has increased approx. 40% over the last several weeks and independent of any moves in its general segment.
The last time I recall this happening was when merger discussions were being held with YAHOO.
I have not seen any specific news that would seem to account for this sharp rise and wonder if anyone has picked up on investment chat that might explain this move?
posted on September 6, 2000 09:21:42 AM
reston-ray, I have not been keeping up on ebay news, but the first thing that occurs to me is that it is the season. People anticipate the auction count rising into Christmas and so they take a position.
posted on September 6, 2000 10:46:57 AM
Yes,exactly! 2 articles on the aol ebay stock page. One was a big hoopla about ebay going global and the second was how much they expect to increase business in the fall from the holiday shoppers.
posted on September 7, 2000 04:27:40 PM
The rise in stock price can be attributed to several factors. The market overall has been on a rebound with most stock prices rising. Also, after the dot-com fallout, eBay has proven to be one of the few internet companies able to turn a profit. With fewer internet plays available, more money is being fed into eBay, driving the price up. Unless there are some extremetly clandestine talks going on, eBay does not look like it will be merging with or taken over by another company in the near future.
posted on September 10, 2000 10:33:59 AM
In an article I read from back when yahoo/eBay were RUMORED to be having merger talks, there was a quote from eBay that NO MERGER was being discussed, rather some type of partnership.
Yahoo won't be really interested in cutting a g00d deal, imo, until and unless the advertising revenues they receive dramatically decline, as some financial analysts believe will occur.
By the time Yahoo is interested, eBay will NO longer have any interest in a partnership with an online portal.
posted on September 10, 2000 01:51:11 PM
According to the ebay SEC filings 54% of eBay stock is owned by insiders, and the Board is authorized to issue somewhere in the neighborhood of 10M shares to themselves and the company if the event of a takeover attempt.
A takeover under these circumstances is very unlikely.
