Word: ebay
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...Wednesday, analysts downgraded AOL Time Warner (parent company of this writer), actually slapped a "sell" - and a bankruptcy warning - on Kmart, and even pooh-poohed sole Internet survive-and-thriver eBay, just weeks before what everybody expects to be one depressing Q4 earnings announcements. And it's not just the rear-view - few expect the corporate-earnings recession to reverse itself with much drama. The 2002 graph should be slanted up - it'd be hard to slant down after the last year and half - but it looks like it'll be a pretty gentle grade...
...will the toy trade be any less volatile next year? Probably not. Kids' fickle tastes ensure eBay auctions for the hottest toys, overstocks of past winners and frustration all around. But the prospect of more oldies being "refreshed" seems to suit Tyler Brown, 9, of Houston. On his wish list: "More PlayStation 2 games, lots of rescue heroes and more Lincoln Logs...
...Best Dotcom Survivor With the simplest of business models - matching buyers to sellers and taking a percentage of each completed sale - the online auction powerhouse eBay rode out the wave of antitech sentiment that drowned many other former stars. The company has grabbed about 90% of the online consumer auction market. Almost 38 million registered users can't be wrong...
...WHITMAN When a headhunter begged her to interview at a fledgling dotcom, Whitman, then an executive at Hasbro's preschool division, at first declined. But she reconsidered and within a couple of years turned EBAY into the most successful pure Internet company while making herself the first woman Internet billionaire. Whitman, 44, has made eBay--with more merchandise than ever, including $1 billion a year in auto sales and 37 million users worldwide--a truly global marketplace...
Consumers are four times as likely to buy a product online if the website is in their preferred language, according to IDC, a research firm in Framingham, Mass. Some of the big dotcoms--Amazon, eBay and Yahoo--figured out this trend earlier than most, and report fast-growing revenues from overseas divisions, which generate indigenous content. But most U.S. firms have not yet done a great job of marketing to non-English speakers online. Last year just 37 of the large companies in the FORTUNE 100 operated non-English sites, according to Forrester Research, based in Cambridge, Mass...