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IBDvalueinvestin (99.63)

LMAO at EBAY saying paypal revenue will jump 100% by 2011 to $5-6B

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March 12, 2009 – Comments (4) | RELATED TICKERS: EBAY

The company laid out its vision for 2011: * Revenues of $10 billion to $12 billion, up from $8.5 million in 2008. *  "if it was this easy to make revenues jump 50% why didn't they do it earlier???? LMAO at the lies...."

Barron's

March 11, 2009,

6:17 pm

eBay Lays Out 3-Year Growth Plan;

http://blogs.barrons.com/techtraderdaily/2009/03/11/ebay-lays-out-3-year-growth-plan-refocusing-on-paypal/?mod=yahoobarrons

Refocusing On PayPal Posted by Eric Savitz At a time when most companies aren’t willing to offer guidance on the March quarter, eBay (EBAY) is laying out its vision for 2011. And what it sees is a big opportunity for PayPal. In connection with the company’s analyst meeting today, eBay said its growth will be drive by its two core businesses: PayPal and e-commerce. In something of a repositioning, the company says that PayPal “has become a second core business,” with an opportunity to become even bigger than eBay Marketplaces. CEO John Donahoe said in a statement that the company expects PayPal to become “the next leading online global payments network,” and that PayPal is “one of the most exciting and high-potential opportunities anywhere online today.” That’s important, because the company isn’t really expecting to see any growth from the Marketplaces business, which has been shrinking in recent quarters. Meanwhile, he said the company is “aggressively remaking and transforming” the Marketplaces business. The company laid out its vision for 2011: * Revenues of $10 billion to $12 billion, up from $8.5 million in 2008. * Earnings growth in the mid-single-digit range. * Free cash flow of $6 billion to $7 billion over the 2009-2011 period. * PayPal revenue of $4 billion to $5 billion in 2011, up from $2.4 billion in 2008. * eBay Marketplaces revenue of $5 billion to $7 billion in 2011, with a shift toward more fixed price sales, a smaller online auction business and more growth in classifieds and advertising. The company said it is more aggressively targeting liquidation, out-of-season, excess and off-price inventory. In 2008, revenue from Marketplaces was $5.58 billion. * Skype is expects to more than double revenue to over $1 billion.

4 Comments – Post Your Own

#1) On March 12, 2009 at 12:05 PM, IBDvalueinvestin (99.63) wrote:

Only way I see EBAY going higher is if the overall market just carries it up. Thats the only thing keeping me from shorting this stock. But once next Friday Options expiration  comes look out below, People will be out shorting all stocks again.

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#2) On March 12, 2009 at 1:10 PM, Harold71 (22.67) wrote:

From what I understand ebay is now forcing sellers to accept paypal, check it out for yourself though, might be just certain types of auctions/store sales.  Paypal has become the payment method of choice anyhow, and the fees are high...hello high revenue line. 

BTW, I don't mind using eCheck (costs $5).  If they get rid of that I would not be impressed...i.e., find another method/place to transact.

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#3) On May 07, 2009 at 7:19 AM, paypalblows (< 20) wrote:

Paypalblows dot org.. check it out for yourself, listen to the two audio phone calls made by mark Perkel regarding him trying to get them to close his account so that he no longer is under their TOS!.. Ebay is making everyone use paypal (sellers) have to sign up to their other payment services or use their own merchant account (managed by paypal).. Paypalblows.org

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#4) On May 07, 2009 at 7:21 AM, paypalblows (< 20) wrote:

Start writing your letters to Edmond G Brown about Paypal, keep writing them and include website links in your letters such as this site, paypalblows.org and others to let this guy know he needs to shut Paypal down and close the site to stop the fraud. Flood this guy with many letters per month, make up names and addresses from other states also. Get about 5 letter templates made and send this guy’s office tuns of first class letters with “Care of Paypal Fraud” on the envelopes. These people will have to eventually shut down this site.

The Address is:

Attorney General’s Office
California Department of Justice
Attn: Public Inquiry Unit (Paypal is Fraud)
P.O. Box 944255
Sacramento, CA 94244-2550

Ohh, here is the online consumer complaint form you can fill out which their office will get:

http://ag.ca.gov/contact/complaint_form.php?cmplt=CL

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