Eugene David
...The One-Minute Pundit

Tuesday, July 03, 2007


It's official: eBay has entered its "mature" phase.

PayPal, which EBay bought for about $1.5 billion in 2002, is now worth as much as $20 billion of the company's $44 billion market value, Whitman said. ``PayPal is one of the great all-time acquisitions,'' she said.

TRANSLATION: Without PayPal eBay would be priced where it should be -- and that might still be too much.

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