Is it 15 billion because of the collapse of the business-to-consumer market or it is 15 billion because sales growth slowed down by 50 percent in the last two quarters Probably, it's a little bit of both, but I think it's more of the latter.
More Quotes from Tom Courtney:
The company has tried to grow as fast as it can, tried to do a lot of things at the same time.Tom Courtney
At a point when many other e-commerce companies are struggling to reach breakeven, eBay has demonstrated that it has a materially different and better model, which is driving exceptional growth both in sales and earnings,
Tom Courtney
I don't think that the name-your-own-price model was a consumer-friendly, easy way to buy products. It was all about squeezing out a little bit of price savings and for that you gave up service, selection and convenience. I don't think a large enough group of customers were willing to do that.
Tom Courtney
I think this company will do a better job of inventory management as these businesses mature, ... Remember, they've only been in some of them for six months or so.
Tom Courtney
We think they will, but the question for the stock is in the year 2005, do they do 8 billion in sales or do they do 20 billion in sales If they do 8 billion, then it isn't going to be worth as much as if they had done 20 billion.
Tom Courtney
What that means is that when everything is all said and done, this thing is going to be a much smaller business than people thought. We're not saying none of it the model works we're saying it's only going to work for a small group of customers, relative to what people thought.
Tom Courtney
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