The stock had gotten a little ahead of itself.
More Quotes from Scott Devitt:
Consumers start out with books and as they become more comfortable buying on the Internet, they climb the average selling price ladder. Before you know it, theyre buying expensive jewelry on the Internet.Scott Devitt
I wouldn't read a lot into it. They're being conservative. Their comments imply to me that their numbers are low.
Scott Devitt
The international business is really the growth story for eBay, especially as the U.S. market matures. However, there was a significant material decline in revenues overseas in the fourth quarter.
Scott Devitt
I would expect this sell-off to continue tomorrow. It will be an interesting day in the Internet sector tomorrow. I can guarantee you that.
Scott Devitt
We found Amazon results to be mixed and we believe the shares could be weak through the springsummer months.
Scott Devitt
The search engines have been working on book-copying strategies themselves. This is Amazon showing people it too has a pretty compelling database of book text.
Scott Devitt
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