Look at growth, look at how much time people spend on the Net and look at the variety of things that they are doing. It's all really good, so I am actually encouraged by the fundamentals that underlie usage growth on the Net.
This alliance not only provides us significant customer acquisition opportunities, it serves as an important brand investment,
China is unique. It is growing rapidly, and it has a tremendous amount of potential, which is why we have made it a priority for the company.
Communications is at the heart of e-commerce and community.
I think we can be the very best place to start a business, to grow a business, to invent a new technology, to change the world, to change the country. But we've got a lot of work to deliver a new California to the people of California.
You know, in a workplace, when you shrink the size of a workforce, there is pain there. But there is no question: we have a government that we can no longer afford.That is the cold, hard fact. So we have to make this more efficient. We have to sunset programs that no longer work. We have to eliminate waste and fraud. We must do this.
We are extremely pleased with the strength of our business and with the tremendous momentum we have going into the new year,
You know, I think, people of all stripes in California, Republicans, Democrats, conservatives, liberals, frankly, as I have traveled the state, the number one issue is jobs. And they are looking for which candidate can get the economy back on track.
We feel we are at just the beginning of what could be an enormous business for us,
I got to get the right people in the right job. Because a lot of costs can be taken out in the context of your administration without the legislature.For example, using technology to do more with less. Using technology to fight fraud. Reorganizing and streamlining can be done within the context of the administration.
Our fourth-quarter results capped off an outstanding year. We have excellent momentum going into 2002 and feel confident with our long-term strategy, ongoing execution and the inherent strength of our business mode.
We are excited about eBay's long-term vision, ... We intend to accomplish our long-term revenue objectives while maintaining profitability as a cornerstone of our strategy.
We can put our head in the sand and continue to lose jobs overseas and to other states, or we can say, 'You know what? We are not going to lose another job from California, and we're going to be the very best place to start and grow a business.' So I'll be the chief sales officer for California businesses.
It is very clear that voice communications is moving on to the Internet. In the end, the price that anyone can provide for voice transmission on the Net will trend toward zero.
This past quarter, we continued our efforts to bring a wider audience to eBay through a variety of marketing endeavors including online and traditional advertising, grassroots marketing, public relations and strong word of mouth referrals.
We have tremendous momentum in our flagship business, ... Our customers now transact well over 200 million in gross merchandise sales per month, making this the most vibrant consumer e-commerce site on the entire Internet.
Regulation is strangling businesses of all sizes in California, and we've got to streamline regulation so it's easy, not hard, to do business.
If we were a nation, we would be the ninth most populous nation in the world,
Because if you don't have a great workforce, a great higher education system, you're not going to have the next eBay, the next AmGen, the next, you know, Miasole, and not only California but America is going to fall behind a whole new competitive context which is obviously China, India, and other countries.
We are extremely pleased that Bill is joining eBay's board, ... He leads one of the best-known and most respected global brands, and his management expertise will be a welcome addition to an unparalleled board of directors.
now make all or part of their living from trading on its site.
By working with Microsoft's cutting-edge technology, we will significantly strengthen eBay's marketplace and our community's ability to trade seamlessly at any time from anywhere on the planet.
Well, California used to be in the dream-making business, and unfortunately what's happened I think we're now in the dream-breaking business.
India is still a small fraction of our global revenues, but in 5, 10, 15 years we hope India will be among our top markets.
You know, I like to think that I will subscribe very much to the core Republican principles of small government. Making a small number of rules and getting out of the way. Keeping taxes low. Creating an environment for small businesses to grow and thrive.
By combining the two leading e-commerce franchises we will create an extraordinarily powerful environment for business on the internet.
In the last quarter, which is typically one of our seasonally slower growth quarters, eBay added a record 2.9 million new registered users to our community ... no metric demonstrates eBay's success better than our current annualized run-rate of 5.4 billion in gross merchandise sales,
When people use your brand name as a verb, that is remarkable.
We know we must provide continuous service for our community, and that we have let our community down, ... We will not rest until we make sure that this problem will not occur again and that we make things right for our users.
There is immense legal and regulatory compliance. When you're handling people's money, every legal and regulatory agency in every country is very interested in that. That is some of the expertise we've built up over the last five or six years.
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