Derek Brown
Derek Brown
across crossover ebay quarter seems several
Much to everyone's surprise, eBay seems to have had a much better quarter across several crossover categories.
becomes guidance increase less mean quarter seems strong
With the increase in guidance and a very strong quarter under its belt, valuation becomes less of an issue, but it doesn't mean that it's off the table. The valuation seems full,
advertiser behavior borne changes concerns observed obvious quarter seems
There were some concerns about paid-search pricing, ... but we observed no obvious changes in advertiser behavior during the quarter and that seems to be borne out by Yahoo!'s results.
advertising difficult market online seems
The online advertising market still seems to be struggling. It's difficult to look at that and see substantial near-term growth.
believe catalyst company continue core cycle ebay entering future growth internet limit mature meaningful phase potential struggling upside view
We continue to view eBay as a core Internet holding. However, we are still struggling to find a meaningful near-term catalyst and believe that the company is entering a more mature phase of its growth cycle that could limit potential upside in future quarters.
bizarre close few past seen top
I've seen a few bizarre things on the street, especially in the past year, and this would be close to the top of the list.
aware comfort confident consumers greater level security shopping
There's a greater level of comfort shopping online. Consumers are more used to the environment. They're more confident and aware of security issues.
anytime
Pretty much anytime I have time off, we come to the beach.
blow companies internet likely quarters
Other Internet companies are not likely to blow through their quarters the way they have in the past,
finish finished rewarded season strong teams
Teams that finish strong should be rewarded in the tournament. We finished this season as strong as any team could finish.
imagine industry
Just about any industry you can imagine is going to be impacted in some way,
came game minute type
We came out with something positive. They know what to expect. You have to take your game to another level. It's about us, and that's how we're going into the game. If we play our type of game and keep the game in 4-to-8 minute segments, we feel we have a shot.
almost company internet line quarter quarters separated
The quarter was phenomenal. It was another in a long line of outstanding quarters by a company that really in almost every way is separated from its Internet peers.
changed growing itself rapidly sector seen
But the sector itself is still a nascent, high-margin, rapidly growing industry. And the indications we've seen are that it hasn't changed much.