Feeds

eBay shares down on good results

And founder launches local news for locals

Designing a Defense for Mobile Applications

eBay shares were down almost nine per cent in after hours trading despite the company posting a pretty decent set of quarterly results.

In the first quarter eBay made revenues of $2.2bn, up nine per cent on last year, and net income was $398m, up 11 per cent on the same period last year.

The markets were partly spooked by eBay's conservative outlook - it expects revenue in the second quarter to be between $2.15bn and $2.2bn. This represents an increase of 11 per cent to 14 per cent once Skype, sold last year, is stripped out. The company expects growth of 9-12 per cent for the full year.

John Donahoe, president and CEO, said the quarter was a strong step towards the company's three-year restructuring plan. This includes making PayPal the world's first choice for online payments and making changes to its core auction business - changes which are not proving universally popular with sellers.

In other news eBay founder Pierre Omidyar told the Grauniad about his local news site for Hawaii which launches next month.

The site, called Civil Beat will offer local news in exchange for a $19.99-a-month subscription. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.