gmarket

In light of earnings, is eBay operating smarter?

This was originally posted at ZDNet's Between the Lines.

eBay's first-quarter results were better than expected, and the company argued that it is operating with more discipline and smarter.

For the quarter ended March 31 (statement), the company reported net income of $357.1 million, or 28 cents a share, on revenue of $2.02 billion, down $171.6 million from a year ago due to poor performance in its marketplaces unit. On a non-GAAP basis, eBay reported first-quarter earnings of $499.9 million, or 39 cents a share.

Wall Street was expecting earnings of 33 cents a … Read more

Buzz Out Loud 954: Sext cells

Maggie Reardon from News.com joins Natali and me to talk about a host of cell phone news, including new iPhone patents, legislation around sexting, and of course, courier pigeons that deliver contraband cell phones to inmates. I mean, we all saw that last one coming...right?

Listen now: Download today's podcast EPISODE 954

eBay buys Gmarket http://www.nytimes.com/reuters/2009/04/16/technology/business-us-gmarket-ebay.html

Apple iPhone patents http://news.cnet.com/8301-13579_3-10220939-37.html?tag=newsEditorsPicksArea.0

PC sales are down but it is not that bad http://news.cnet.com/8301-1001_3-10220392-92.html http://bits.blogs.nytimes.com/2009/04/15/dell-still-struggles-hp-and-acer-grow/… Read more

eBay eyes partial purchase of Gmarket

eBay is negotiating to acquire almost 40 percent of Korean auction site and e-retailer Gmarket.

The online auction giant released a statement Wednesday confirming it is in talks to purchase Gmarket shares from auction-site affiliate Interpark and its chairman, Ki Hyung Lee. The company said no definitive agreement has been reached, although a preliminary filing is awaiting approval from the Korea Fair Trade Commission.

Seoul-based Gmarket was founded in 1999 and has established a base of 14.7 million registered users. In the financial report for its second quarter, ended June 30, the company announced a net income of $15.… Read more