Filed under: Company News , Technology , Columns , People , Earnings , Wal-Mart Stores , Target Corp. , Amazon.com, Inc. EBay ( EBAY ) is a Web pioneer, having built a multi-billion dollar business out of allowing people to essentially put garage sales on the Internet. That simple idea led to fast growth more than a decade ago and helped define what was possible online for others companies that followed. The company’s IPO in 1998 turned founder Pierre Omidyar and eBay President Jeffrey Skoll into instant billionaires. Fast-forward to 2009 and the 1990s Internet darling is steering through turbulence. The company seems to be want to be more an online retailer and less an online auction site. If it makes such a move, if will have to fight online retailers such as Amazon.com ( AMZN ) and Zappos and their impeccable customer service. It will also have to take on formidable brick-and-mortar retailers like WalMart ( WMT ) and Target ( TGT ) which are focusing more on online sales. Why does eBay want to join a battle it’s not likely to win? Continue reading Massucci’s Take: EBay’s plan to be more retailer than auctioneer is one risky bid Massucci’s Take: EBay’s plan to be more retailer than auctioneer is one risky bid originally appeared on DailyFinance on Sun, 15 Nov 2009 14:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Massucci’s Take: EBay’s plan to be more retailer than auctioneer is one risky bid

Filed under: Company News , Technology , Columns , Investing , Earnings , IBM , Google , Apple Google earnings and IBM earnings were both reported late Thursday, and the tech sector listened. Today, the tech-heavy Nasdaq is falling more than 1 percent, with IBM leading the way lower, falling more than 4 percent. Google ( GOOG )’s shares are up 4 percent, but the old adage — as IBM goes, so goes tech — is otherwise proving true. As much as Google’s going public in 2004 made it the sexiest name in the tech sector, it has yet to supplant IBM as a bellwether of things to come. So what trends does Google indicate? Continue reading Massucci’s Take: Google leads growth on Internet, but not whole tech sector Massucci’s Take: Google leads growth on Internet, but not whole tech sector originally appeared on DailyFinance on Fri, 16 Oct 2009 14:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Massucci’s Take: Google leads growth on Internet, but not whole tech sector