![]() ![]() In a recession, people want bargains, and eBay should be able to deliver that. This should be the time when everyone should be unloading all the crap they bought when times were flush. Then, there are eBay’s general advantages: IBM is Skype’s gateway drug into the office, where I.T. Skype: While eBay’s purchase of Skype is still criticized, eBay is now bundling Skype technology with IBM’s LotusLive cloud services. ![]() Stub Hub: How compelling an idea is it that you can get the seat you want?.Some analysts want eBay to spin it off, even as it is one of eBay’s crown jewels but PayPal is the central banker and post-modern currency that makes eBay tick. PayPal is a sort of parallel and sometimes untaxed international currency, and it is now used in a wide variety of small business transactions. First, let's look at just a few of eBay’s assets, which in many cases would be prized companies on their own: Like the Professor, eBay is so enjoying wonderful academic exercises like Skype that it never figures out a way to lasting success at auctions. Is it pride? Or is it the novelty of its holdings? I cannot understand why it can’t execute this. In order to succeed, eBay has to patch up its relations with its sellers, and re-win the confidence of its buyers. With eBay, the issue is that it has to fix its core auction business. eBay reminds me of the Professor, who with all the smarts, advantages and good looks, cannot figure out the obvious solution. I thought of that analogy when I think about eBay ( NASDAQ: EBAY). “They can do except what they cannot do.” On a radio interview a few weeks ago I heard Sherwood Schwartz, executive producer of Gilligan’s Island, say that he felt that it was entirely rational that the Professor, genius that he was, could never figure a way off the island, when all he had to do was nail some wood on the boat. ![]()
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