It is no big secret that Microsoft and Time Warner have gotten closer over the last couple of years, ... The fact that there are these talks is not a surprise. The question ultimately would be how this would be structured, what the price would be and those types of things. A lot of folks observing this are taking a wait-and-see attitude.
More Quotes from Scott Kessler:
Clearly these three companies are becoming increasingly competitive vis-a-vis EBay, and the thought is maybe EBay would want to respond with a defensive move.Scott Kessler
We are not recommending that investors purchase shares. However, after it fell materially over the past few weeks, we see the stock as reasonably valued.
Scott Kessler
It was just a matter of time before there was some consolidation of these gains.
Scott Kessler
This is a company that people bought and put away. But it was made clear in January that you couldn't do that. There is increased skepticism about eBay.
Scott Kessler
Nothing (Reyes) said was unreasonable. It was just a matter of interpretation.
Scott Kessler
I think a lot of folks who were at that meeting felt pretty chagrined, I would argue this is still pretty material information, given the high profile nature of this company and the emergence of click fraud as a high-profile subject.
Scott Kessler
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