There's not as much unbridled excitement about the offering now. A lot of technology and Internet stocks don't look nearly as appealing as they did in April, May or June.
More Quotes from Scott Kessler:
The point is that Yahoo continues to invest very, very significantly in this area, and is doing good things, and will continue to do good things, which steps up the pressure.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
It doesn't make a lot of sense. When people think of eBay, they think of auctions and commerce. They don't think of communications.
Scott Kessler
The question is what becomes of the remaining businesses, which are clearly quite weak.
Scott Kessler
They seized upon an opportunity and they succeeded at pricing a pretty sizeable offering. That's a price that doesn't seem far from what would be considered reasonable.
Scott Kessler
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