Word: whitman
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Last week, eBay CEO Meg Whitman sat down with TIME's Jeffrey Ressner in Los Angeles to talk about the online auction site, its acquisition of Skype, and her favorite (other) online communities. Here are some highlights...
...WHITMAN: We obviously think it was fair. We looked at value in Skype in a number of different ways: the amount we paid on a per-user basis, discounted cash flows, etc. We also looked at what we thought Skype could do on its own and with eBay...
...eBay spending $2.6 billion to buy a $60 million Internet phone company called Skype that has yet to turn a profit? During a presentation to investors this week, eBay CEO Meg Whitman used 75 PowerPoint slides to justify her intense, and expensive, interest in Skype, but analysts were skeptical. Whitman enthusiastically pitched the idea that Skype, a free service that lets users talk to each other via computer, would increase eBay's transaction volume by making it easier for buyers and sellers to talk to each other. She theorized that eBay could start collecting new fees from its users...
...Department of Defense (DOD) alert obtained by TIME raises the concern that Titan Rain could be a point patrol for more serious assaults that could shut down or even take over a number of U.S. military networks. Although he would not comment on Titan Rain specifically, Pentagon spokesman Bryan Whitman says any attacks on military computers are a concern. "When we have breaches of our networks, it puts lives at stake," he says. "We take it very seriously...
Nice try, Jack. Whitman is in China because she knows the cost of failure could be astronomical. In 1999, technical problems delayed eBay's roll-out in Japan. That allowed Yahoo! to get a jump on the online shopping business in what has become the second largest e-commerce market in the world?a lead it has never relinquished. eBay pulled out of the market entirely in 2002, a move Whitman has rued ever since. She is not about to let the Japan debacle be repeated anywhere else, especially China; nor is it probable that she wants to spend another...