posted on October 1, 2001 10:12:43 AM new
yes, meg whitman (of ebay) was named to the board of goldman sachs.
what does this mean?
well...1) if ebay wants to make more shares public, goldman will likely be the underwriter (or, at worst, co-underwriter)(.
2) chances of goldman downgrading ebay, before someone else does, are 0. chances of goldman downgrading ebay at all? only if ebay pretty much does something where EVERYONE else has downgraded them, and then GSCO will do likewise.
posted on October 1, 2001 04:18:43 PM new
You hit the nail on the head.
My guess is that the announcement for how eBay will use either (a) the 10,000,000 shares they filed for, or (b) the $1B in shares they filed for, is just around the corner.
It will come as no surprise that GS will handle the sale (or the majority of it). LOL.
GS must really be desperate to put Meg on their board in order to get this deal. Meg has no financial or banking experience (and looking at the cost vs return of the acquisitions she's made so far, doesn't look like she has any promise either)
As if GS already hadn't lost all credibility with their "recommendations", doing things like this should put the nail in the coffin. Will give shareholders yet another reason to sue when the house of cards collapses.
posted on October 1, 2001 09:18:53 PM new
Maybe eBay will acquire bankrupt Exodus, one of their Internet hosting providers. Exodus shares are/were trading at 17 cents, down from a high of $89 (I think). Here is an article that says during most restructurings, the stock drops another 40%.
Nasdaq recently suspended their $1 minimum rule, so EXDS (now EXDSQ) won't get delisted as it would have prior to the rule change. If they had not suspended this rule, the stock probably wouldn't continue to drop because there'd be no easy way to trade it.
