Feeds

eBay piles up the cash

Barnstorming quarter

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

eBay has had a barnstorming Q3 with net income up 69 per cent year on year to $103.3 million on sales up 84 per cent to £530.9 million,

The US e-tailer-cum-fraudster's paradise reports strong sales overseas, especially in Germany, the UK and South Korea. And it's gung-ho about prospects for the holiday season - you can even buy eBay gift certificates now.

eBay is sitting on a $2.6bn mountain of cash. Surely, it's time to start paying dividends. After all, the company can't sustain growth at this rate for forever, can it? But from the noises that CFO Rajiv Dutta is making, the company looks like it has some other things in mind. In a conference call, he said the company is considering acquisitions.

"We have enormous potential," he said. "We were struck by the number of extremely attractive opportunities that lie ahead." ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.