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    EBay Shares Jump After Beating Estimates
    07.31.05 (7:38 pm)
    Shares of eBay surged Thursday after the online auction house delighted Wall Street late Wednesday by reporting a second-quarter profit that trounced analyst expectations and painted a bright picture for the rest of the year.

    Shares of the San Jose-based company rose $6.19, or 18 percent, to $41.06 in morning trading on the Nasdaq Stock Market. The stock has traded in a 52-week range between $30.78 and $59.21.

    EBay earned $291.6 million, or 21 cents per share, for the three months ended in June, a 53 percent increase from $190.4 million, or 14 cents per share at the same time last year.

    If not for accounting charges unrelated to its ongoing operations, eBay said it would have earned 22 cents per share. That topped the mean analyst estimate of 18 cents per share, according to Thomson Financial.

    Revenue for the period totaled $1.09 billion, a 40 percent increase from last year's $773.4 million. The volume exceeded the mean analyst estimate of $1.04 billion, which reflected the midrange of the guidance eBay provided in April. All the company's other key measures, including active users and the amount of merchandise bought on its site, increased by hefty amounts from last year.

    "There has been a lot debate about eBay -- it certainly has been the most controversial of the large Internet stocks," said American Technology Research analyst David Edwards. "Obviously, some pressure has been lifted with this report."

    Reflecting management's optimism, eBay raised its outlook for the rest of the year. The company forecast 2005 revenue of $4.3 billion to $4.4 billion, including as much as $1.05 billion in the current quarter. Excluding accounting items unrelated to it ongoing business, eBay expects 2005 earnings of 82 cents or 83 cents per share, above the current analyst estimate of 79 cents.

    EBay's pleasant surprise came the day after another Internet bellwether, Yahoo Inc., disappointed Wall Street by reporting a profit that merely matched analyst expectations.

    "Our (second-quarter) results underscore the power of our community of users and the potential of what we can achieve together," eBay CEO Meg Whitman told analysts during a Wednesday conference call.

    Even an executive from one of eBay's rapidly growing rivals, Chicago-based uBid Inc., applauded the performance, although he doubts it means the company has successfully navigated through the storm of criticism.

    "It was an impressive quarter," said uBid CEO Bob Tomlinson. "They have been taking a lot of heat, so this (quarter) certainly helps their cause. But does it resolve all the issues facing the company? I don't think so. They still have their work cut out for them."

    The performance provides eBay with a much-needed lift during what so far has been an extremely tough year. An investor favorite almost as soon as it went public in 1998, eBay has been under fire for the past six months.

    The backlash began in January when the company reported quarterly results that fell below analyst expectations. Since then, eBay has faced harsh criticism for raising its merchant fees and for not being more vigilant about weeding out the mischief makers and scam artists who make bogus bids or peddle merchandise without ever delivering the goods.

    Through Wednesday, the backlash had contributed to a 40 percent decline in eBay's stock so far this year, wiping out $30 billion in shareholder wealth.

    Meanwhile, online auction rivals like uBid.com and Overstock.com have been trying to capitalize on the criticism to lure away merchants and buyers. The poaching hasn't had a significant impact yet on eBay, which dominated online auctions with 51.1 million unique U.S. users in June, up from 45.4 million unique users a year ago, according to Nielsen/NetRatings.

    EBay management has been aggressively reaching out to many of its disgruntled sellers to address their concerns even as management assured investors the recent criticisms are overblown.

    Whitman seized on an opportunity to rebuff the critics during Wednesday's conference call, pointing out that the number of U.S. stores selling on eBay has grown 12 percent to 173,000 since the higher fees took effect in mid-February.

    Overall, Ebay's community spanned 157 million registered users, up 10 million from March. Its online payment service, PayPal, also is becoming more pervasive, with 78.9 million accountholders who exchanged $6.5 billion during the quarter.

    Piper Jaffray analyst Safa Rashtchy described eBay's quarter as encouraging, but wondered how much of the earnings gains are being generated from the company's higher fees. "If they are just generating more revenue per seller, that is not as good as attracting new sellers," he said.

    The higher fees generated very little of the company's revenue growth, according to Chief Financial Officer Rajiv Dutta. "This is largely a (sales) volume story," he told analysts during the conference call.

    Whitman and Dutta predicted eBay will be able to stimulate even more sales later this year, with the addition of an online price comparison site, Shopping.com, and upgraded search technology to make it easier to find merchandise listed in auctions.

    0 Comments
    DA requests dismissal of charges in eBay fraud case
    07.30.05 (9:16 pm)

    After more than a year battling several criminal charges here, the owner of a Hummer limo service in the valley might soon be off the hook.


    Prosecutors have requested an Eagle County judge to dismiss charges against Jonathan Levine, the owner-operator of VailLuxuryLimo. Levine, 44, of Wildridge, faces two counts of criminal impersonation, a felony. He is charged with using false identities to gain access on the auction Web site and defraud eBay, as well as eBay's customers, the criminal complaint says. Levine, who is out on a $50,000 bond, originally faced more criminal charges.


    District Attorney Mark Hurlbert said new evidence that appeared in the case made it hard to continue.


    "It's something that happens from time to time. With any case it's a fluid situation," Hurlbert said. "Even if we have a good case at the beginning, sometimes new evidence comes up and makes it hard to prove the charges. And that's what happened in this case. Avon (police) did a great investigation for us."


    Hurlbert, however, filed the dismissal without prejudice, which means if new evidence appears in the case, they could re-file it.


    Rhidian Orr, Levine's attorney said they're objecting to the prosecutors' request for dismissal.


    "I want them to dismiss it with what would be the equivalent of dismissing with prejudice, which means they can't continue to harass my client," Orr said. "I hope this is the last time.


    "The case started with about 14 felony counts initially filed," he added. "All charges have been dropped, but two. They're attempting to dismiss the case right now. That means they didn't have a case."


     


    False ID charges


    Avon police arrested Levine in April 2004 for allegedly using multiple false identities to sell items on eBay. According to police reports, Levine, used 11 aliases.


    Levine said the charges weren't true and that "he had been framed."


    According to a report from the eBay fraud department, there were six suspensions on Levine's account for fraud and illegal activity. All identities allegedly used by Levine eventually came back to his address or a credit card number receiving payments.


    According to Avon police investigators, when they searched Levine's home and vehicles they found what they called a "significant" amount of potential evidence against him and a bag of suspected methamphetamine.


    If convicted, Levine could face up to 18 months in prison and fines of up to $100,000 for each felony count. Levine is also charged with computer crime, a misdemeanor.


     

    0 Comments
    Scam bids to fleece eBayers
    07.30.05 (8:58 pm)

    SOPHISTICATED criminals are taking aim at customers of the internet auction house eBay to skim money from their bank accounts.

    Consumers are being hit with emails, purporting to be from eBay, but which are being sent by criminals trying to rob unsuspecting victims.

    The emails tell recipients their eBay account will be suspended and they will be barred from the auction site unless they update personal details.

    The fraudulent emails also provide a link to a website where the information can be entered.

    eBay Australia trust and safety director Alastair MacGibbon said the fraud was an industry-wide problem and most internet companies with large customer lists were targets.

    He was unable to say how much money had been lost by customers through the fraud.

    To deal with the crime eBay has set up an investigation team and called on people who receive suspicious emails to send them to spoof@eBay.com.au for confirmation.

    The company has also advised users to keep their anti-virus software up to date, never email their online account details and to download an eBay tool bar.

    The ruthless crooks have also taken aim at Australians who give to charity, with a phony email purporting to be from the Red Cross and asking for donations for London bombing victims.

    The emails, usually sent by overseas crime syndicates, are part of identity fraud crime that costs Australia $1.1 billion annually.

    The Australian Federal Police say the internet fraud has spiralled.

    "The number of individuals who have been affected by this type of crime, and the value of the funds compromised, has increased markedly in recent years," an AFP spokeswoman said.

    The crime is being fought worldwide by the US based Anti-Phishing Working Group.

    0 Comments
    Police blotter: Upset eBay buyer makes house call
    07.29.05 (8:43 pm)

    "Police blotter" is a weekly report on the intersection of technology and the law. This episode: an ebay deal goes awry.


    What: Dispute over quality of Pfaltzgraff Heritage tumblers that were purchased on eBay.


    When: Arrest made September 2001, case decided July 20, 2005.


    Outcome: After being arrested on charges of stalking an eBay seller, Jay Howard Rothhaupt sued. He largely (but not entirely) lost before the U.S. Court of Appeals for the 6th Circuit.


    What happened: When Rothhaupt bought a set of Pfaltzgraff Heritage tumblers on eBay for $59, he was unhappy with the quality. Even after eBay sellers Seldon and Phyllis Scott offered a full refund plus return shipping costs, Rothhaupt remained irked.


    It's not clear what happened next. The Scotts claimed that Rothhaupt refused to leave and they called the police (Seldon Scott is a special deputy with the county sheriff's department). Rothhaupt said he left the property when requested.


    Seldon Scott followed Rothhaupt in his own car. Not long after, Rothhaupt was pulled over on interstate 71 by police and frisked. After acknowledging he had a rifle in the back of his car that he said was used for target shooting, Rothhaupt was arrested on charges of second-degree stalking, harassing communications, theft by deception, and third-degree criminal trespass. He was tried on two of the four charges and acquitted by a jury.


    In response, Rothhaupt sued in federal court alleging his constitutional rights had been violated. The three-judge panel ruled in favor of the Scotts and the sheriff's department on all grounds but one, saying that the only claim that might have merit is that Rothhaupt was wrongfully arrested.


    Quote: "We disagree with the district court on the propriety of the arrest, because (the deputy) lacked probable cause. Under the Fourth Amendment, an officer 'may not seize an individual except after establishing probable cause that the individual has committed, or is about to commit, a crime.'" --from the court opinion


     

    0 Comments
    New York man sued over eBay dispute
    07.29.05 (8:39 pm)
    A 66-year-old Wrightstown resident filed a lawsuit in U.S. District Court in Philadelphia against a New York man who reneged on a bid he made on eBay to buy a 1969 Mercedes Benz that was once owned by Elvis Presley.

    In his lawsuit, Gene Epstein claims that Jason Shepherd of Ballston Lake, N.Y., entered a "buy-it-now" bid of $245,000 for the vehicle.

    But when it came time to collect, Shepherd allegedly claimed that the bid was a mistake made when his daughter accidentally hit a key on his computer, Epstein said.

    Attempts to reach Shepherd for comment were unsuccessful.

    The lawsuit is seeking for Shepherd to pay the original bid, along with $150,000 in damages.

    "Once an item is removed from the active sale list on eBay and listed as sold, its reappearance on the active auction listings creates the impression that the item being sold is in some way unsaleable or unmarketable," the lawsuit said.

    Epstein said, however, that he would settle the case if Shepherd issues a specifically worded apology he drew up and pays a "token" amount.

    Representatives from eBay could not be reached for comment.
    0 Comments
    Aniston TP Auction off the Roll On eBay
    07.29.05 (8:36 pm)

    Jennifer Aniston's toilet-paper musings are not for public consumption.


    The Southern California lawyer who made headlines this week for promising to auction off memorabilia of his and Aniston's long-ago supposed summer of puppy love, including the birthday card the future Friends star was said to have improvised on two-ply, has scuttled the sale.


    Michael Baroni said he nixed the planned eBay auction, set to launch on Friday, after hearing from Aniston's camp that the actress would rather the items not be put up for bid.


    "I have nothing but fond memories of Jennifer as a friend, and only wish her well," Baroni said in an email.


    Aniston's publicist did not return a call for comment.


    Baroni planned to seek at least $100,000 for the lot of photos and trinkets, some dating back to 1984, when Aniston was 15, he was 16, and, according to him, they shared a "summer passion" in New York. Baroni said the fling morphed into friendship, before falling off the map altogether. He said he last spoke with Aniston in 1991, three years before she shot to fame in Friends.


    Though Baroni's memorabilia never was publicly offered on eBay, the same could not be said of a host of joke auctions--the one offering the "Jennifer Aniston love letters I will write and never send," or the one offering "an actual Jennifer Aniston love letter my brother sent her that parodied a hit country music tune lyrics." Baroni sounded concerned that he would be linked to those sales. He was not--that is, linked to those sales. Suffice to say, the T-shirts with the T.P. graphic reading, "I used you--Jennifer Aniston," was someone else's brainchild.


    With his own eBay auction a non-starter, Baroni said he has no plans to revive the sale. That means the "love letter from Jennifer, handwritten in red pen," the piece of paper Aniston reportedly wrote her name and phone number on--"in her own liptsick!," the page from Baroni's "little black book that contains Jen's old NY address and phone number," and the famous toilet-paper birthday card might forever be off-limits to celebrity archivists.


    Though Aniston might have scored a victory in keeping the reputed remainders of her young love life off the market, on the day, she was only one-for-two in the romance department. Friday, after all, would have been her and Brad Pitt's fifth anniversary, but the couple fell several months short of that mark. Aniston filed for divorce in March. Real, not toilet, paper was used.



     

    0 Comments
    Car Hunting on EBay, This Deal Just Clicked
    07.28.05 (9:36 pm)

    It was time, sadly, to put my car out to pasture. Time to shift out of the pre-cupholder, roll-down-your-own-window s era into the modern automotive age. So after 13 years, I mustered all my courage and ventured back into the market.


    But how did I end up shopping for such a major purchase on eBay? I am, after all, a confirmed and proud technophobe, the owner of no iPods or PDAs whatsoever. I didn't have the chops to shop for a car on eBay. It just turned out that way.


    I tried to buy the old-fashioned way, I really did. I knew the make and model I wanted, and I knew I was looking for a used car. I even had a target age: three years old, one of the constant stream of vehicles that roll into dealerships after coming off a lease. My intended car came with a four-year, 50,000-mile warranty, so I'd have the better part of a year to find any kinks and get them fixed for free. All in all, almost-new wheels, at less than an almost-new price.


    That was the plan, anyway.


    I liked the salesman at the dealership. I told him that I was ready to buy, but that I wasn't going to do it that day. Today, I said, I want to drive and ask questions. Tomorrow, I'll come back and talk money. As the 3-year-old son of a friend once told me, with a withering glance I would have thought impossible for someone his age: "Yeah, right."


    In the lot, I checked out a few possibilities, picked out my favorite and took it for a ride. I loved it. When the radio blared Bill Withers's "Lovely Day," it only served as confirmation: This was definitely my car.


    But it never happened. The salesman first offered a "today-only" deal, which I turned down, and that car was sold before I could return the next day. Then he mentioned a similar car whose price was higher. I set up an appointment to return the next day.


    The salesman called in the morning. The car was up on the lift, he said, getting a stem-to-stern checkup so any defects could be fixed and it could be sold as a "certified" used car, commanding a higher price tag. I tried to hide my disappointment. Certification would put the car beyond my reach. Call me when they're finished, I said. The call never came.


    And so it came to be that I stumbled -- or was I pushed? -- onto the Internet to buy a car. Okay, so the only thing I had bought on eBay was a pair of sandals. In an age when the online universe is so pervasive that my own mother is Googling me (hmmmm), I figured it was worth a try. In its five years of existence, well over 1 million cars have been sold through eBay Motors. If all those folks could do it, so could I. Maybe.


    It was time for the Great Car Hunt, Version 2.0.


    Searching for a car on eBay is fun, and frustrating. Type the make of your would-be wheels into the search engine, and dozens of cars are likely to appear, each with exhaustive lists of specifications and sometimes dozens of photographs. You may not have as many pictures of your own children.


    And then there are the tantalizing dollar figures. A few dealers set their initial bids at zero or close to it, creating a feeding frenzy -- and an optical illusion, essentially. I'm sorry to say, but you're not going to snag that snazzy Audi for $250, though it may look like that if you watch an auction (usually 10 days long) as it begins. Other sellers start bidding at more realistic levels.


    On the opposite end of the equation, some sellers advertise -- usually with capital letters and several exclamation points -- no reserve, which means the bidder with the highest offer at the end of the auction gets the car, even if the final offer is low. But most sellers set a reserve, or minimum price, that is unknown to buyers, so if the auction doesn't catch fire, there's no sale. And then there's a hybrid option in which there's an auction as well as a "buy it now" price.


    Whoa, I thought one day, making my daily online rounds and spying "my" car, a 2001 Saab in purportedly flawless condition, 40,000 miles -- not fantastic, but not bad -- and at only $13,000, with two days to go in the auction. Okay, so the car was in Pennsylvania. I could figure something out, I reasoned.


    I jumped. Count me in, up to $13,500, I wagered. I waited. For a couple of hours, no higher bids appeared. Could it be this easy?


    Yeah, right, as my 3-year-old friend would say. Not a chance. When I returned to my keyboard a few hours later, my bid had been buried by offers that climbed thousands of dollars higher, the victim of an essentially efficient market.


    Sure, you may get those vintage jelly-jar glasses for a steal in another wing of the eBay colossus, but it isn't going to happen with a purchase that has as large a buying audience -- and so much money at stake -- as a car. There are thousands of people trolling the same listings, looking for the same bargain. That means the drop-dead bargain doesn't exist. Look at it this way: Why on earth would a retailer accept a substantially lower price online for a car that he could get from a customer who had walked into his showroom?


    All the same, that car ended up selling for a good price -- as it turned out, the lowest price I saw for a comparable vehicle, probably $2,500 to $3,000 less than it would have sold for at a Washington area dealership.


    Sure, I knew, in my brain if not my heart, that finding a fantastic deal was highly unlikely. Still, I tried two other eBay auctions, with the same distinct lack of success. It took a lot of mental energy, as auctions stretched over days, and most of the final selling prices seemed to eerily resemble the prices I had seen advertised in showrooms.


    And then I found Lenny. Or, rather, I saw a car listed that looked like "mine." This one had a "buy it now" price, which was considerably less than others of its type and was only a couple of thousand dollars more than the latest bid. The auction had a long way to go, and the bids would probably eventually reach the same level as the "buy it now" price.


    In other words, I could save a lot of time and effort by acting now, as they say on TV. It would be like losing the crowd by riding the elevator all the way to the top, rather than taking the stairs with everyone else, step by step, and hoping to win the race.


    But I'd never seen the car in person, much less driven it. And there was the fact that it was in New Jersey, and I was in Washington. Come to think of it, the whole notion of spending many thousands of dollars on a car, sight unseen, tires unkicked, was pretty outlandish. So I picked up the phone and called Lenny.


    The dealership's phone number was at the bottom of the listing. Actually, it wasn't a retail dealership, but a wholesale operation, as the guy who answered -- that would be Lenny -- explained. Wholesalers buy cars at to-the-trade auctions and then resell them to retailers. Some also "flip" cars to individual buyers.


    It made sense to me. And these guys didn't tack on the fees I had seen nearly everywhere else, both in online auctions and at dealerships: $150, $200, even $300 for "documentation" costs. Nuisance fees, it seemed to me, like paying them to sell you their car. I liked that Lenny didn't do that.


    And this place, I found after making a few more clicks, sold some fancy used cars. BMWs, Jaguars. It shouldn't have made a difference -- after all, anyone can buy whatever they want from auction -- but for some reason, it gave me confidence that I wasn't about to do something really stupid.


    I got a history report on the car by clicking on its vehicle identification number on the listing. For less than $10, CarFax, an independent firm, coughed up the details on the car's life, including whether it had sustained major damage, been stolen or whether its odometer appeared to have been rolled back. Everything came up roses.


    What the heck. It was time. You take your chances. I sealed the deal.


    After weeks of searching and dozens of cars perused, I would "buy it now." After competing with thousands of other bidders in the world's largest virtual bazaar -- and losing -- I got my quarry pretty much the old-fashioned way, by knowing a good deal when I saw it and by trying hard not to be distracted by games or gimmicks.


    A few days later, I hitched a ride with a friend who was heading north. Little more than a couple of hours later, we arrived at our place.


    There were cars everywhere on a piece of pavement that served as a showroom, and a makeshift office that -- let's just say -- apparently had not been tidied up in recent millennia. At the desk sat Lenny, disheveled but helpful, seeming at 2 p.m. as though he had just rolled out of bed. Across the lot was a considerably fancier work in progress, a bona fide showroom, with car logos and everything. These guys were moving on up.


    And there was my car, looking as though it had just left the factory. About 10 minutes later, I was rolling merrily down the highway.


    After a lot of work, it seemed easy. And I was lucky, no doubt about it. Nearly a year later, the car has heroically withstood a battery of endurance tests, and I got it for a lot less -- I'd guess $1,300 to $2,500 less, although it's impossible to know for sure -- than I could have haggled for from a local dealership.


    Plus, my 2001 Saab 9-3 convertible, for which I wound up paying $19,700, is a lot of fun. Much more so than my eBay sandals.


    0 Comments
    Net2Auction Reveals Acquisition Initiatives to Fuel Its eBay Drop-Off Business; Net2Auction is a Lea
    07.28.05 (9:33 pm)
    Net2Auction Inc. (Pink Sheets: NAUC) today announced acquisition initiatives to fuel growth of its eBay drop-off location business. The company invites potential acquisition candidates to submit RFPs (request for proposals) to have their eBay drop-off company or chain of eBay drop-off locations acquired by Net2Auction Inc.


    Delmar Janovec, Net2Auction president, noted, "Management has begun discussions with a few potential acquisition targets, and we plan to aggressively investigate any potential acquisition opportunities that may be presented to us. With rapid organic expansion, as well as acquisition initiatives, we are working to capture a significant portion of the marketplace."


    "By acquiring other companies in our industry, we could achieve several objectives in a few acquisition transactions -- we could move competition out of our way, we could further expand our eBay drop-off locations on a national basis, and we could increase our top-line revenue and profitability."


    "There are literally tens of millions of Americans that have unused items to be sold on eBay, but choose not to do so themselves because they don't have the time, energy, or know-how. Management believes that we are facing what could be one of the greatest growth opportunities of this decade," Janovec concluded.


    Net2Auction's acquisition initiatives followed announcement of its expansion objectives with plans to deploy its eBay drop-off services nationwide, planning for 75 eBay drop-off locations by year end. The company originally set its goal of 50 eBay drop-off locations, but given the company's progress to date, Net2Auction has revised its national expansion plans to include 75 eBay drop-off locations by the end of 2005.


     

    0 Comments
    Shopping.com shareholders OK eBay buy
    07.28.05 (9:31 pm)

    Shareholders of Internet price-comparison company Shopping.com Ltd. approved today a proposed $620 million takeover by online auction house eBay Inc.


    Shopping.com expects the deal to close around Aug. 30, the company said in a Securities and Exchange Commission filing.


    Shopping.com didn't disclose the vote tally at the special shareholder meeting called to consider the eBay deal.


    Last month, eBay, of San Jose, Calif., agreed to pay $21 a share for Shopping.com, an Israeli operator of a Web site which allows consumers to compare product prices across the Internet.


    Another shopping comparison company, Shopzilla, was acquired by E.W. Scripps Co. last month for $525 million.


    Separately, Shopping.com also said in the SEC filing that shareholders approved a $1 million bonus for Chief Executive Lorrie Norrington. The bonus will be paid immediately before the consummation of the merger, Shopping.com said.


     

    0 Comments
    Ferry life ring removed from eBay auction
    07.28.05 (9:08 pm)

    A New Jersey maritime buff pulled the plug on his eBay auction for a Staten Island Ferry life ring after city officials raised questions about the transaction.


    City lawyers are looking into how Forked River, N.J.-based Bay Heads came into possession of the 30-inch-diameter flotation device from the 40-year-old ferryboat John F. Kennedy, which is still in service.


    Bay Heads president Elmer Dean told the Advance he personally purchased the life saver from a retired ferry employee about a year ago.


    Still, Dean, who sells maritime equipment and other sundries through eBay, said he voluntarily suspended the auction once he learned of the city's concerns, and says he would like to avoid any kerfuffle.


    "I purchased it," he said, "but I can't say whether it's really rightfully mine or not."


    Dean would not identify the ferry worker from whom he purchased the life ring last year, but said he had no reason to doubt that it was obtained legally even though it apparently once was city property.


    Dean claims the ring was used to rescue a woman who leaped from a ferryboat sometime between 1965 and 1968, and that an officer immediately gave the ring to the now-retired worker for his role in the rescue.


    "Great story and great piece of history!!" bragged the auction listing, penned by Dean.


    Dean conceded he had no proof that it was used in a rescue, but he noted that the ferry worker had shown him a service pin he received for his role.


    The Kennedy entered service in 1965. Advance archives show no such rescues that jibe with the one Dean described, though not all water rescues are reported.


    Dean said that he welcomed city inquiries to determine both the ring's authenticity and that it was legitimately obtained.


    If found to be suspect, "I would return it," Dean said, "and I would like to put it in a museum if it was used in a rescue."


    City Department of Transportation spokeswoman Kay Sarlin said her agency was "Not alleging any wrongdoing on Mr. Dean's part," but added, "Whenever someone puts city property up for sale on eBay, we're going to investigate, and we're currently looking into the circumstances of how this item was obtained."

    0 Comments
    Consumers turn to eBay for their new car
    07.28.05 (4:57 am)
    Two wheel drive, four wheel drive, sporty or classic, there are thousands of cars to choose from, and these days more people are turning to the computer to find the one that's right for them.

    In fact, a sports utility vehicle sells on eBay every 21 minutes. Surprisingly, most buyers are willing to cross state lines to get the car of their dreams, but buying a vehicle without seeing it or driving it first can be tricky. So be careful!

    The first thing you should do is narrow your search. It's easier to find what you want if know the make and model of the car you're looking for. There are some other things you should be cautious about as well:



    • Don't jump right in: watch the auctions for a while before bidding.
    • Research the seller: check feedback from other buyers, and don't be afraid to call the seller directly if you have questions.
    • Look for no-reserve auctions: that means find the seller who doesn't set a minimum winning bid amount.
    • Make sure you have an out: bid only on auctions where sellers allow you to cancel after you inspect the car.

    The Internet offers a lot of tools that can help. At CARFAX, for $19.99, you can get a car's history. Free services like true market value can give you a quick realistic idea on how much you should be paying.


    Don't get caught up in a bidding war or you could end up paying too much. Remember, you have to pick up the vehicle or have it shipped if you win the auction, so include gas, hotels, food, lost work time and plane tickets in the cost of your bid.

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    USA, a nation of eBay professionals
    07.28.05 (4:55 am)
    Further evidence that eBay is becoming the world's bazaar has emerged from a new survey carried out by the company. It reckons that around one and a half million Americans buy and sell on eBay to supplement their income.

    For 724,000 professional sellers, eBay is now their prime or secondary source of income. This compares with a similar survey in 2003 that found 430,000 used eBay to supplement their income - a rise of 68 per cent.


    During the first six months this year, eBay members in the US sold around $10.6 billion worth of goods and services.


    eBay, it would seem is becoming part of the American dream. According to the survey, 58 per cent of Americans say they have dreamed of starting a business and becoming their own boss. Unsurprisingly, two thirds of those surveyed said they wanted to set up their own business to make extra money while almost as many wanted the independence that being your own boss brings.

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    eBay seeks patent ruling from Supreme Court
    07.28.05 (4:54 am)

    E-commerce giant eBay has asked the U.S. Supreme Court to decide a patent issue currently pitting the computer technology and pharmaceuticals industries against one another in Congress.
    The petition, disclosed Wednesday in an eBay regulatory filing, asks the Supreme Court to hear an appeal on whether eBay and other companies held liable for patent infringement should be routinely subject to injunctions while such cases are on appeal.
    eBay and its Half.com subsidiary urged the Supreme Court to consider the matter, saying the stakes go beyond the interest of patent infringement defendants.


    Who does the patent system protect--unsung inventors or opportunist litigants? "This case presents an important question of federal patent law with significant implications for the nation's economy," eBay wrote in its Monday request to the Supreme Court. "A permanent injunction in the context of patent law is a potent remedy. The enjoined defendant is faced with tough choices: redesign its product or the product's functionality to eliminate reliance on the patent, negotiate a license on possibly onerous terms, or cease production or use altogether."


    The issue of patent infringement injunctions is before the U.S. Congress as it seeks to draft patent reform legislation. Computer technology companies like eBay, which have to contend with the possibility that they might be infringing myriad patents in the course of their business, want Congress to clarify existing rules they say give district court judges discretion in deciding whether to issue injunctions while patent cases wend their way through the appeals process.


    The pharmaceuticals industry, by contrast, wants the legislation to reflect recent federal circuit court decisions--particularly the one eBay is appealing--which say injunctions against patent infringers should be standard during appeal except in extraordinary circumstances. Pharmaceuticals and biotech companies tend to face fewer patents in the course of developing a particular product.


    eBay's patent woes stem from its May 2003 loss at the district court level in a patent infringement case brought by MercExchange. eBay lost crucial points of its appeal on the federal circuit level, which reversed the district court's decision not to issue an injunction against eBay.


    The federal circuit did, however, grant eBay a stay of that decision while the company petitioned the Supreme Court.


    Citing Sec. 283 of the Patent Act, eBay said in its petition that Congress had explicitly let district courts grant injunctions on a case-by-case basis.


    "The Federal Circuit has decided to ignore this rule," eBay wrote.


    One patent expert said eBay's petition had the potential to turn the tables on warring high-tech parties on Capitol Hill.


    "The hardware and software industries have been at loggerheads with the pharmaceutical industry over including a provision in draft patent reform legislation that would limit injunctive relief," said Joshua Sarnoff, assistant director of the Glushko-Samuelson Intellectual Property Law Clinic at American University's Washington College of Law.


    "If the Supreme Court grants certiorari to review the case, it is likely to reverse the Federal Circuit's interpretation and reassert that district courts may refuse to issue injunctions based on general equitable considerations. This would flip the legislative calculus, as the pharmaceutical industry would then seek to reverse the Supreme Court's decision by codifying a requirement to issue injunctions in all but exceptional circumstances," Sarnoff said.

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    Ford CEO Bill Ford joins eBay board
    07.28.05 (4:51 am)
    EBay Inc. operator of the world's largest Web marketplace, said on Wednesday that Ford Motor Co. <F.N> Chairman and Chief Executive Bill Ford has joined its board of directors, effective immediately.

    San Jose, California-based eBay, best known for its online auctions, gets ample revenue from sales of used cars.


    Its eBay Motors division drives $14.3 billion in annualized gross merchandise sales, which refers to the total value of goods sold on eBay, the company said earlier this month.


    Shares of eBay closed up $1.57, or nearly 4 percent, to $41.99 on the Nasdaq.

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    HAMBLETONIAN MEMORABILIA AUCTION
    07.28.05 (4:33 am)

    On Friday (July 29), an eBay auction featuring the saddlepad and front shoes worn by Continentalvictory during her 1996 Hambletonian triumph will begin. All proceeds will benefit the Harness Horse Youth Foundation.


    Also included in the package are a commemorative key ring duplicating a winning mutuel ticket, a photo of Continentalvictory autographed by owners Gene and Deena Frost, trainer Ron Gurfein and driver Mike Lachance, a 1996 Hambletonian Day program, and VIP pin.


    The photo, saddlepad, shoes, key ring and pin are mounted in a wooden shadowbox. The package includes a letter from the Frosts attesting to the authenticity of the shoes, which were removed in their presence.


    Continentalvictory is the last filly to win the Hambletonian and the only filly to win the classic race in the last 22 years. She went on to be named Horse of the Year.


    Search for "Continentalvictory" on eBay beginning Friday to view the auction, which will end at 3 p.m. (EDT) on August 5, the day prior to this year’s Hambletonian.


     

    0 Comments
    Lightsabers, Luke's Severed Hand up for Auction On eBay
    07.28.05 (4:31 am)

    A Jedi never dies; his stuff just goes on eBay -- or something like that.
    "Star Wars" fans still mourning the final installment of George Lucas' science fiction epic, will have a chance to own two lightsabers used in the original trilogy. The film weapons are only two of thousands of Hollywood memorabilia items going under the online hammer as part of the Profiles in History auction on eBay on Friday, July 29.


    Direct from the collection of "Star Wars" producer Gary Kurtz, the lightsabers, wielded by Luke Skywalker and Darth Vader, are expected to fetch at least $60,000 apiece.

    Fans will also have a chance to create their own macabre "Star Wars" body parts graveyard, crowned by Luke's severed hand ($25,000) from "Empire Strikes Back," C-3PO's eyes, Chewbacca's teeth and Yoda's feet. Other items from the collection include Luke's X-Wing flight suit, an original "Star Wars" script page with Lucas' alterations, Yoda's cane and Boba Fett lithographs -- featuring the bounty hunter, not printed by him.


    Props from other films for sale include Harrison Ford's leather jacket from "Indiana Jones and the Last Crusade," Tom Hanks' costume from "Saving Private Ryan," a Robby the Robot replica from "Forbidden Planet," Kirk Douglas' gladiator armor from "Spartacus" and Sean Connery's stunt machine gun from "The Untouchables."


    The small screen is also represented in the auction including the "million dollar cello" from the "I Love Lucy" pilot, the Gavin MacLeod captain's uniform from "The Love Boat" and the soul-holder crystal amulet from "Buffy the Vampire Slayer."


    To participate in the auction or view the complete list of items up for sale, visit ebayliveauctions.com.

    0 Comments
    FDA prods eBay into pulling sunscreens
    07.27.05 (4:41 am)

    Two popular sunscreens that Americans could buy only online or out of the country have been pulled off the virtual shelves of Internet shopping site ebay.com.


    Losing Ombrelle and Anthelios has frustrated some Canadian eBay vendors, who were benefiting from the U.S. ban on the advanced sunscreens. The products, both manufactured by L'Oreal, await Food and Drug Administration approval of their active ingredient, Mexoryl.


    Toronto resident Vince Allen began receiving e-mails last week informing him that his bottles of Ombrelle were being pulled off the market. Since he started selling the product two weeks ago, Allen says he has made about $1,000 marketing to U.S. shoppers.


    "I needed money for a vacation," says Allen, who is now preparing for a trip to England. "What eBay is doing is outrageous. This isn't heroin or weed. This is sunscreen."


    If Allen wishes to continue selling Ombrelle, he must use the Canadian eBay.ca or other international versions of eBay that aren't subject to U.S. drug laws.


    EBay spokesman Hani Durzy says the Food and Drug Administration told the company recently that offering Mexoryl violates the federal Food, Drug and Cosmetic Act.


    "We follow the FDA's lead," Durzy says. "If they say this (Mexoryl) is not allowed to be distributed, we listen to them."


    Some dermatologists call Mexoryl the best ingredient to prevent damage from ultraviolet-A rays, which penetrate deep and cause premature aging. Both the UVA and the shorter-length UVB rays have been linked to cancer.


    Legal U.S. sunscreens are more focused on blocking sunburn-causing UVB-rays, says Dr. Clay Cockerell, president of the American Academy of Dermatologists. The allowable drugs for UVA protection, such as zinc oxide and Parsol 1789, don't block nearly as well as Mexoryl does, he says.


    Jennie James, vice president for media relations at L'Oreal, says the company is working closely with the FDA to get Mexoryl in the United States legally. Laura Alvey, an FDA spokeswoman, says confidentiality agreements prevent the agency from discussing why the drug hasn't been approved or when it will be.




    0 Comments
    eBay's Tough on GTA
    07.27.05 (4:36 am)

    It's no surprise people have been rushing to shove copies of Grand Theft Auto: San Andreas online since retailers started pulling the game, just don't go looking for cheap auctions in the videogame section. eBay has been actively pulling down auctions and informing sellers to re-categorize their auction into the 'Mature Audiences' section off the site.
    In the quest for ultimate truth, I signed onto my own eBay account and sought out the details from a few friendly customer service representatives. Unfortunately, eBay doesn't seem to know exactly what's going on, either. One rep. wasn't even aware of the company's policies, while another pointed us in the direction of eBay's item policies, which provided little help in determining San Andreas' fate.


    One member of the Gaming Age Forums had their auctions pulled down, and eBay said that because of the newly appointed Adults-Only rating, San Andreas must be listed on the website's 'Mature Audiences' section, lumping the videogame with - in eBay's words - "'Girls Gone Wild' style videos, Anime (Japanese animation) with adult subject material, most bondage related items, adult toys, and most adult magazines." Apparently virtual humping mini-games are now on par with softcore pornography. Good to know.


    Apparently virtual humping mini-games are now on par with softcore pornography.
     
    That's not all, though! In accordance with eBay policy (which apparently also gives the thumbs up to people actively selling copious amounts of bootleg games, music and DVDs, but not legitimate items), San Andreas falls under the 'Mature Audiences' category because it one or more of the following:


    Items that depict frontal nudity (with very limited exceptions)
    Images or representation of intercourse or other sexual activity involving humans or human-like creatures (such as in Anime or Hentai)
    Anything which requires the person purchasing the item to be 18 years of age or older
    Any materials where the sole purpose is to arouse or titillate the senses in a sexual manner.


    Any items which are designed for sexual use (such as vibrators or bondage gear)
    Items that portray sexual characteristics
    You can, however, sell copies of Playboy, Penthouse and other adult magazines as long as their publishing date is prior to 1980. So, in other words, once San Andreas becomes associated with the same nostalgia of an Atari 2600 game, then it becomes fair game again. Yeah, we don't get it either.



     

    0 Comments
    Jennifer Aniston love letters on eBay
    07.27.05 (4:35 am)

    One of Jennifer Aniston's former flings is auctioning off letters, notes, pictures and other memorabilia from the Friends star on eBay.
     
    Michael Baroni, a California lawyer who claims he had a summer romance in 1984 with Aniston, is selling keepsakes such as a makeshift birthday card she wrote on a piece of toilet paper and a childhood picture of the pair.


    According to Baroni, their summer lovin'- he was 16, she was 15- turned into a longtime friendship until they lost contact in 1991, when Aniston's showbiz career began to soar.


    Aniston's representative, Stephen Huvane, didn't immediately return a call today from the Associated Press for comment.


    "She was very fun and lively, a loving kind of person," Baroni said during a phone interview Friday. "I think the materials show an innocent look into someone I think is very endearing."


    Baroni's auction begins July 29 on eBay with a$100,000 reserve. If the reserve is not met, the package of memorabilia will be withdrawn. Baroni wouldn't comment on why he was auctioning off the items beyond citing "financial reasons."

    0 Comments
    EBay issues
    07.27.05 (4:28 am)

    The multi-billion dollar industry eBay has swept the world over the past decade with more than 150-million registered users.


    The company is entering its tenth year and is expecting to trade goods worth billions of dollars this year.


    If you make a sell online do you have to report the income?  And what about sales tax?  Those are just some of the questions the popular online auction site raises.


    Anyone can sell, all you have to do is be registered with the site. No business license is needed.


    Jason Yotsuda does more than just report on the traffic.


    He's auctioned off thousands of items on the site.


    And he reports his income to authorities.


    "So, if they wanted to they could trace it all the way back to how much you sold. Who paid for it? How much," says Yotsuda.


    EBay has given rise to scores of companies piggybacking off the auction site's success.


    Matthew Lucas started off as an individual seller and quickly found a business niche.


    But alignment with eBay doesn't insure success.


    "A watch, for example, and we put it next to a common item, let's say a baseball helmet or so. What was happening was the higher end item was literally being taken down," says Lucas.


    What Lucas has done over the past few years is redefine his company to match customer demand.


    Now his store specializes in luxury and fine items like purses and watches.


    But how have online auction stores affected individual sellers?


    "I can't really say if it's changed it for better of for worse," says Lucas from his store in the Punahou area. "But back in the day, I do remember, like many people, they started out of their basement or garage."


    Yotsuda thinks the stores have helped timid sellers cash in online.


    An eBay survey last year found that more than 400-thousand online sellers made a significant portion or all of their revenue from selling on eBay.

    0 Comments
    Oregon Duo Charged With Selling Hot HP Gear On EBay
    07.25.05 (8:41 pm)

    A pair of Oregon men have been charged with stealing $300,000 worth of electronic equipment from Hewlett-Packard while working in the company's Equipment Recovery Program, then selling some of it on the eBay online auction site.

    Rodney Skinner, 39, and Andrew Van Hoosen, 41, have been indicted on first-degree aggravated theft, money laundering, conspiracy, and computer crime charges, the Corvallis police department said in a statement.

    The duo sold as much as $100,000 of the equipment on eBay over a several-month period, prosecutors said. A search of their residences uncovered over $200,000 worth of other stolen HP property, the Benton County sheriff said.

    Although the pair have been charged, neither is in jail, nor was either required to post bail. They're to be arraigned August 11.

    HP's inkjet technology was developed at the Corvallis location, which currently boasts some 3,500 employees.

    0 Comments
    Companies piggyback on eBay success
    07.25.05 (8:39 pm)

    The world's biggest auctioneer, which trades everything from Pez candy dispensers to forklifts, turns 10 this year.


    EBay has more than 150 million registered users throughout the globe who look set to trade goods worth about $40 million this year.


    But companies like Bonfire Media are also enjoying success.


    The Silicon Valley-based software developer has launched a program whereby eBay users can access the site via their mobile telephone.


    Company cofounder Alex Poon said essentially Bonfire had created eBay for users' cell phones.


    "No longer tied to their PCs, our users can now search on eBay, look at pictures of items for sale, bid on items, and check My eBay at a moment's notice, whether they are waiting in line at the post office, at a baseball game, or walking to work," he said.


    "Pocket Auctions for eBay also alerts the user through their phone when they've been outbid or when an auction has ended, enabling users to respond immediately to real time events."


    Bonfire co-founder Rich Chen said: "By making eBay mobile, we are enabling users to integrate eBay into the flow of their daily lives and use eBay in new, creative ways."


    Auctiondrop is also trading on eBay's success -- if you want to sell something without the hassle of logging on, the company will do all the selling for you.


    Auctiondrop CEO George Northup told CNN that his company sold nearly 40,000 items and handed out more than $2 million to sellers last year, taking a third of all sales as commission.


    "Essentially (the item to be sold) will come here to our location in Fremont. We authenticate it. List it and photograph it. And run the auction. Collect the money and send you the proceeds," he told CNN.


    "We think it's a great value. It costs roughly 33% of the proceeds."


    He said eBay's commitment to focus on its core business meant the door was open for companies like Auctiondrop to tap into other markets.


    "The philosophy of eBay has been to specialize in being the marketplace itself. So I think all indications are that they'll focus on their core specialty."


    EBay senior vice president Michael Dearing told CNN there was a strong symbiosis at play, with eBay giving companies like Auctiondrop a vast market place, while Auctiondrop brings more buyers to the eBay fold.


    "These businesses exist because there's demand for their services. And to the extent that the free market is working that way," he said.


    "Creating opportunities not just for eBay employees and not just for sellers, but for people in the middle, is a great thing and we want to celebrate it."

    0 Comments
    Dunn Field carousel may go to eBay
    07.25.05 (4:02 am)
    The carousel at Dunn Field could show up on eBay if it isn't soon put to better use.

    The carousel was $75,000 investment the city made in 2001 to build family interest at Dunn Field, which was battling waning attendance. But the merry-go-round hasn't been used enough, said Elmira Councilman Dan Royle, D-5th District.

    Royle has suggested, during council workshop sessions, the city consider selling the miniature carousel and reinvesting some of the money it spent.

    The carousel is used at Dunn Field during the baseball season. In the winter it had been taken to Arnot Mall, where donations were collected from riders to help fund the city's libraries. However, moving the carousel back and forth became too cumbersome, Royle said.

    "My point was that either we find a way to get some use out of it, or we sell it," Royle said.

    "If you have an asset that's sitting there and not being used the way it should be, it could be sold for something else."

    Royle said he frequently attends Elmira Pioneers baseball games at Dunn Field and rarely sees the carousel in operation. Royle said he is open to more suggestions on how to better use the carousel.

    Tom Sullivan, general manager for the Pioneers, said the carousel has been run at 10 games this summer - from before the start of games until the children don't want to ride anymore.

    "Whenever we have a decent crowd, we use it," Sullivan said. The carousel is staffed by various field workers who can be spared to monitor the ride, he said.

    "It is an added attraction for us," Sullivan said. "I feel it's being used as much as it should be used."

    Sullivan is not an Elmira taxpayer and for that reason he wouldn't suggest how council should proceed with the Dunn Field carousel. But the ride is a feature that children expect and request, he said.

    City Chamberlain Joy Bates says the city can sell the carousel on eBay with a special council resolution.

    Bates also is contacting the company that built the carousel to see if any of its customers would be interested in purchasing the piece in a sealed bidding process.

    "I think we ought to make an effort to get it used properly so it is doing something which it is meant to do - entertain the kids," she said.


    0 Comments
    EBay Gets Its Earnings Groove Back
    07.25.05 (4:01 am)
    EBay Inc. has apparently rediscovered its E-commerce magic. After a rocky six months, it reported record quarterly earnings that helped counter market worries that it's losing its competitive edge.

    For the quarter ended June 30, eBay posted a profit of $291.6 million on revenue of $1.1 billion, compared with a profit of $190.4 million on revenue of $773.4 million a year ago. That translates into 53% profit growth and a 40% rise in revenue.

    Even though eBay has remained highly profitable, the combination of a below-expectations earnings report in January, complaints about rising merchant fees, and a perception that it's not doing enough to prevent fraudulent sellers from duping unsuspecting buyers has conspired to push the value of eBay stock down 40% this year.

    The success of eBay's quarter was evident everywhere. International marketplace revenue was up more than 50%, to $418.8 million, fueled by the company's growth in markets such as China, France, and Italy. Payment revenue via its PayPal unit also rose more than 50%, to $243.9 million.

    EBay users are proving that they can sell just about anything on eBay. More than $14 billion worth of autos, $3.3 billion worth of clothing and accessories, $3.2 billion worth of consumer electronics, $2.9 billion worth of computers, $2.5 billion worth of home and garden items, $1.6 billion worth of toys, and $1.3 billion worth of photo equipment were sold during the quarter.

    0 Comments
    Air travelers' goods show up on eBay
    07.25.05 (3:59 am)

    Goods snapped up from travelers by airport security screeners in Pittsburgh are being sold south of the state border.
    Cigarette lighters, nail clippers, scissors, pocketknives and other forbidden items are collected at Pittsburgh International Airport, hauled to a Jessup, Md., warehouse, repackaged in 50-pound boxes, then sold for $1 a pound.


    Since October, nearly a ton of the stuff has been shipped across the Mason-Dixon line. The money goes mostly to running the program with the meager profits trickling into Maryland's general fund, said Dave Humphrey, spokesman for Maryland's Department of General Services.


    It's all part of the post-9/11 world. Travelers at airports around the country surrender the items, and security officials decide where it all goes -- either to a state surplus department such as the one in Maryland or to a U.S. Transportation Security Administration contractor in Virginia, said TSA regional spokeswoman Ann Davis.


    Davis said she did not know why Maryland, rather than the state surplus office in Harrisburg, was tabbed to get items from Pittsburgh.


    "We might have just dropped the ball and (TSA in Pittsburgh) took their business elsewhere," said Ken Hess, director of Pennsylvania's Bureau of Supplies and Surplus Operations.


    Maryland also picks up items from Baltimore/Washington International Airport and Long Island Macarthur Airport in New York. Pickups are made at airports every three or four months.


    Eight Northeastern airports, including Philadelphia's, ship their goods to the state surplus office in Harrisburg. That office, like others in Kentucky and Alabama, pedals the items on eBay. Twenty pounds of lighters, 100 pocketknives and 30 Leatherman tools now are up for bid. The tools fetched a bid of $157.50.


    Business in Harrisburg is booming. The surplus office there has generated $102,000 in eBay sales so far this year, including more than $23,000 last month. The office recorded $1,290 in eBay sales in its first month in July 2004.


    "With this one-of-a-kind program, we're seeing more and more growth each year," said Pennsylvania Department of General Services spokesman Frank Kane. "We started selling on eBay to gain more of an audience and to maximize our profit."


    Before 9/11, state surplus offices largely served as clearinghouses for old office equipment and other items that were either sold or offered to charity. When the federal government tightened security measures in the wake of the terrorist attacks and items began piling up at airports, state surplus agencies were called upon to help.


    TSA screeners nationwide have collected 18 million items since February 2000, according to TSA records. About 80 percent of the goods are pocketknives, scissors and other sharp objects, along with mace and similar self-defense sprays.


    Officials reason that shipping the goods to surplus offices is the best option for security screeners and travelers alike.


    "It's far more convenient to leave a $10 Zippo (lighter) at a checkpoint than it is to run to your car and then come back in, possibly missing a flight," Kane said.


    But some travelers aren't so sure there isn't a better way.


    "I just make sure that I don't have anything that could ever be taken. I guess I travel so much that I'm aware of what they can and cannot take," Ken Mular, 42, of Atlanta, said during a stop at Pittsburgh International. The auditor said he makes 75 to 100 plane trips a year.


    "I saw in one airport that they were offering a service where you could leave an addressed envelope with security and have items mailed back to you," Mular said. "It would be fair if they could do that everywhere."



     

    0 Comments
    Moshe Dayan's eye patch ends up for sale on eBay for $75,000
    07.25.05 (3:58 am)

    Several items of great Israeli historical interest have been trading on the online auction site eBay. The original eye patch worn by former defense minister and chief of staff Moshe Dayan has been offered for the sum of $75,000, while a hanukkiyah (multibranched candelabra) belonging to prime minister David Ben-Gurion and made from bullet cartridges is on sale for $12,500.


    These particular items are being offered by Pasarel Israeli Art and Treasures of Natanya. Moti Sander, a partner at Pasarel, said that his company specializes in Judaica and jewelry, and that he had received Dayan's eye patch from the minister's personal bodyguard, who said that he had gotten it, together with a Smith & Wesson 38 revolver, minutes after the famed warrior died in 1981.


    Though Dayan's pistol appears on the eBay site, this is not for sale as the Web site forbids the trading of any arms. It is, however, for sale through Pasarel.
     
    Ben-Gurion's hannukiyah was made for the prime minister in 1948 by workers of the Ayalon Institute, which manufactured bullets, and there is a personal inscription to the statesman on it. Sander said that he found the item in the Jaffa flea market, and that he had it authenticated by the very man who made it - now a resident in a retirement home in Tel Aviv.
     

    0 Comments
    German club surprised at high roster bids
    07.24.05 (5:04 am)
     KREFELD, Germany - A fourth division German club, which auctioned by internet a place on its team, is surprised by how high the bids have been.

    The bidding for a place on KFC Uerdingen's roster hit $104,000 euros ($153,000 Cdn) Saturday with three days left on the ebay auction.


    The former Bundesliga club has deep financial problems, so it sold the right to be on the bench for all games, possibly play, and join training and team meetings.


    "That's unbelievable - we were expecting maybe $3,000 euros ($4,400 Cdn)," said club official Uwe Vohwinkel.


    The club's total budget is under 1 million euros ($1.5 million Cdn).


    Coach Wolfgang Maes said he would only play the winner in one-sided matches.


    "I would be happy if Ronaldo joined the bidding," joked Maes.


    Uerdingen was refused a license and dropped from the third to the fourth division because of violations its financial problems.

    0 Comments
    Buy Aniston's puppy love for 100,000 dollars on eBay
    07.24.05 (5:02 am)

    Jennifer Aniston's teenage love letters are being auctioned on eBay, A man called Michael - who claims to have enjoyed a summer romance with the 'Friends' beauty when she was just 15 - is trying to sell a selection of "precious high school romance memorabilia" on the internet auction site.


    He has set a reserve bid of a staggering $100,000 in exchange for what he describes as "an intimate and endearing look into Jennifer's heart."


    Fans can bid for a love note apparently written by Jennifer in red pen, a piece of paper that the actress wrote her name and phone number on "in her own lipstick" when she first met Michael, and a 17th birthday card she made him out of toilet paper.


    The eBay entry explains: "She felt badly about not buying him a birthday card, so she promptly ran to his bathroom to create one!"


    Michael claims he first met Jennifer in 1984 at a Park Avenue Penthouse party while she was studying at New York's High School of Performing Arts - better known as the school in 'Fame'.


    He says they kept in contact until 1991, but lost touch when Jennifer's acting career took off.


    Jennifer recently split from husband Brad Pitt and was recently linked to actor Vince Vaughn after they were spotted getting close on the set of their new film, 'The Break-Up'.

    0 Comments
    Sorrento Manatee 'Spud' fetches $151.50 on eBay auction
    07.23.05 (9:04 pm)
    A Lake County man was the winning bidder on an eBay auction for a manatee-like potato, paying $151.50 in a fund-raiser for manatee-protection efforts.

    Scott Mowry, 39, of Sorrento won the online auction to buy a potato with features that make it resemble a manatee. The original potato owner, Kimberly Matthiensen of Hampton, Va., put the potato up for auction, hoping to raise money for Save the Manatee Club. The potato, aptly nicknamed "Spud," earned 58 bids before the auction closed Friday.

    Mowry said he's a fan of manatees and that he was always interested in joining the manatee club. "I guess I'm making up several years of membership fees with one potato," he said. "It's for a good cause. The Save the Manatee Club does good work."

    He said he's not certain what he'll do with the potato, but he has considered donating it to the club.

    New Smyrna Beach

    ect Police seek naked burglar

    Police said Friday they are looking for a naked burglar who is believed to have broken into the homes of elderly women and tickled their feet while they were sleeping.

    Although the most recent incidents occurred in two separate homes last weekend, the man, described as thin and young, is believed to be responsible for approximately five break-ins in the past several years, police said. All of the cases were reported in the Sea Woods subdivision.

    Most of the intruder's victims are older than 60, police Cmdr. Wade Kirby said.

    Police said the suspect is usually naked when committing his crimes, but sometimes he is partially clothed. In some cases, he tickles the women's feet, but in other incidents, he is discovered and flees before touching the women.

    The suspect has run off each time after being noticed, according to reports. Police would not comment on whether anything was stolen during the break-ins.

    Daytona Beach

    Hall bid fuels NASCAR visit

    Nearly a dozen officials from the NASCAR Hall of Fame Site Selection Committee will visit Aug. 9 to examine the community's bid proposal to locate the facility here.

    Sixteen members of the Green Flag Committee will deliver a presentation that gives reasons the NASCAR Hall of Fame should be built in Daytona Beach. Site-selection officials will tour the proposed facility location and review all aspects of the 160-page proposal and related DVD, which is part of the proposal the community submitted May 31.

    Daytona Beach is competing against Atlanta, Charlotte, N.C., Kansas City, Kan., and Richmond, Va., to win the bid.

    Residents and businesses are invited to participate in a rally that begins at 9:30 a.m. in front of Daytona USA.

    DeLand

    No contest on threat charges

    The DeBary man who investigators said called in bomb threats to the courthouse to avoid court hearings pleaded no contest to his charges Friday.

    Mark J. Frisch, 36, faces up to 15 years in prison for two felony counts of making a false report of planting a bomb. His sentencing has not been scheduled.

    The first threat was made April 12, 2004, by a man who called 911 and said there were seven bombs in the Volusia County Courthouse in DeLand. The second was called in Jan. 19 and referred to six bombs in courthouses across the county.

    On both days, the courthouses were shut down; officials implemented new security measures this year, including random searches with bomb-sniffing dogs.

    Frisch was scheduled to go before a judge on both dates for child-support hearings. He was arrested in April at the Volusia County Branch Jail, where he had been since February on a contempt of court charge related to child-support arrears.

    Daytona Beach

    Airport sees traffic increase

    The Daytona Beach International Airport on Friday reported a 2.3 percent increase in passenger traffic in June.

    The county-operated airport recorded 58,765 passengers during the month, compared with 57,451 travelers during the same period last year.

    Airport Director Dennis McGee said the numbers continue a positive trend that began in late 2002. He added that the airport recently has made several air-service proposals to encourage even more use of the airport.

    DeLand

    Driver hurt after hitting 4 cars

    A 42-year-old woman was injured Friday afternoon when she apparently lost control of her vehicle and sideswiped four vehicles that waited to cross the Whitehair Bridge, authorities said.

    Patricia Turner of Tavares was taken to Florida Hospital DeLand for minor injuries after the 3:56 p.m. crash on West New York Avenue, just east of the bridge, Florida Highway Patrol Trooper Jeff Bissainthe said.

    The trooper said Turner was heading toward the bridge when she apparently lost control because of a reaction to her diabetic medication. Her two-door Saturn struck four vehicles that were at a stop because the drawbridge was up. None of the passengers in those vehicles was hurt.

    Bissainthe said a 3-year-old girl inside Turner's vehicle was unhurt because the child was buckled into a car seat.

    The two-lane avenue was reopened at 5:03 p.m.

    Ludmilla Lelis, Ken Ma, Kristen Reed, Charlene Hager-Van Dyke and Amy L. Edwards of the Sentinel staff contributed to this report. The Associated Press also contributed.

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    Unemployed man offers kidney for sale on eBay
    07.23.05 (6:02 am)
    Internet auction house eBay alerted police Friday after a 54 year-old-unemployed man offered for sale over the net one of his kidneys for EUR 400,000.

    eBay terminated the auction and reported the incident to police, a police spokesman in the west German town of Viersen said.


    The long-term unemployed man, who confessed to making the offer, now faces charges for breach of Germany's law regulating transplants.


    However, police said that the man did not know that offering his own organs was a punishable offence and that he decided to take the action in a bid to ensure his family's finances.


    The police described the incident as a tragic case.

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    Reasons to Still Love eBay
    07.23.05 (6:00 am)

    I've written plenty of columns about eBay (Quote, Chart) over the past five years, and I'm relieved to say that early on I saw the online auction giant would emerge as one of the few big winners in the Internet space.

    Otherwise, I wouldn't provide links to these old eBay columns here, here and here.

    But I must confess that what eBay has achieved to date, and the breadth and scope of the company's vision, has dwarfed my limited imagination. Sure, it was obvious even back in the embryonic days of ecommerce that eBay's rapid ascendance would render unassailable its position as the top Internet auction site. What wasn't as clear -- to me, anyway -- was how effectively eBay would be able to leverage its auction business into international markets and non-auction revenue streams.

    Bears on Wall Street have been growling about eBay since the auction company missed analysts' estimates for the fourth quarter of 2004, and shares fell from $59.21 last Dec. 31 to as low as $30.78 in late April.

    Based on its second-quarter earnings released Wednesday, however, eBay skeptics may have to reconsider whether the company has passed its peak.

    EBay shocked the street by reporting 53 percent growth in Q2 earnings. The company earned $291.6 million, or 21 cents per share, for the three monthsended in June. That's up from $190.4 million, or 14 cents per share, in Q2 2004. Analysts had forecast earnings of 18 cents per share.

    EBay CEO Meg Whitman told analysts in a conference call that the company "saw strong growth across every part of the business around the world." But two aspects of the company's business deserve special mention. One is international marketplace net revenue, which soared 51 percent to $418.8 million on the back of strong sales in Germany, which now is the company's No. 2 market.

    What's interesting here is that eBay's global revenues are set to surpass U.S. revenues for the first time. The company's U.S. operations generated $423.6 million in Q2, an increase of 27 percent over the year-ago quarter, but less than $5 million more than international revenue. In Q3 we should see eBay's international sales eclipse U.S. revenue for good.

    The second item of interest in eBay's Q2 report involves the growth of its online payment service, which comprises the balance of the company's $1.086 billion in Q2 revenue. EBay bought online payments company PayPal in October 2002, and the acquisition is (no pun intended) paying off spendidly.

    Revenues from PayPal's transaction fees in Q2 were $243.9 million, a gain of 51 percent from the year-ago quarter and 145 percent from Q2 2003. And the number of registered PayPal users shot up to 79 million from 50 million a year ago.

    If transaction revenue continues to grow this quickly, it may only be a couple of years before eBay's U.S. auction business becomes the company's third-best revenue generator.

    Another interesting aspect of eBay's revenue model is it's somewhat evenly spread out among a number of categories, with one glaring standout. Among the categories delivering more than $1 billion in gross market value are:


  • Clothing and accessories -- $3.3 billion

  • Consumer electronics -- $3.2 billion

  • Computers -- $2.9 billion

  • Home and garden -- $2.5 billion

  • Books/Movies/Music -- $2.4 billion

  • Sports -- $2.1 billion

  • Collectibles -- $2.0 million

  • Toys -- $1.6 billion

  • Jewelry and watches -- $1.5 billion

  • Business and industrial -- $1.5 billion

  • Cameras and photos -- $1.3 billion

    What's the standout? EBay motors, which generated $14.3 billion in GMV for Q2, more than four times the runner-up. And that's the part of eBay's business I was most skeptical about when it was launched several years ago.

    Shares of eBay jumped nearly 21 percent to $42.10 Wednesday after earnings were reported. Given the company's growth potential, market dominance and savvy executive leadership, EBAY continues to look like a good stock bet.

    Chris Nerney is executive editor of Jupitermedia's IT Management channel.

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    Paper Clip Sells for $173 On Auction Site
    07.22.05 (8:29 pm)

    A New Zealand teenager sells a small, red paper clip on an Internet auction site for $173 during "a boring day of work."


    Buyer Keith Brock, of Auckland, grabs the clip from auction site TradeMe with the winning bid yesterday. The transaction proves to be harmless fun, as Brock and 19 year-old Rhys White donate the $173 to the Auckland SPCA.


    Both men traveled into town to have a celebratory drink, with the bubble-wrapped, red paper clip safely tucked away in Brock's glove compartment.


    Brock, who works in industrial automation is a TradeMe veteran, with his three-bedroon home up for sale on the site, currently going for over $650,000.


    White put the paper clip for sale with the message, "hope this paper clip goes to a good home or office. Has served me well. He even included detailed technical specs: "30mm high and 10mm wide."


    It wasn't long before the paper clip started receiving numerous enquiries. One person asked if the paper clip would attract women if it were hung from a car's rear view mirror.


    White says he may now consider selling a broken rubber band.

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    eBay's earnings climb 53%
    07.21.05 (5:45 am)

    eBay's second-quarter profit has eclipsed analyst expectations as the online auction leader brushed aside worries that it may be losing its competitive edge.


    The San Jose-based company said on Wednesday that it earned $US291.6 million ($A384 million), or 21 US cents per share, for the three months ended in June, a 53 per cent increase from $US190.4 million, or 14 US cents per share at the same time last year.


    eBay said it would have earned 22 US cents per share if not for accounting charges unrelated to its ongoing operations. That topped the mean analyst estimate of 18 US cents per share, according to Thomson Financial.


    Revenue for the period totalled $US1.09 billion, a 40 per cent increase from last year's $US773.4 million. The volume exceeded the mean analyst estimate of $US1.04 billion, which reflected the midrange of the guidance eBay provided in April. All the company's other key measures, including active users and the amount of merchandise bought on its site, increased by hefty amounts from last year.


    eBay released the results after the stock market closed on Wednesday. The company's shares declined 50 cents to finish at $US34.87 on the Nasdaq Stock Market, then rose $US4.97, or 14.3 per cent, in extended trading.


    "There has been a lot debate about eBay - it certainly has been the most controversial of the large internet stocks," said American Technology Research analyst David Edwards. "Obviously, some pressure has been lifted with this report."


    Reflecting management's optimism, eBay raised its outlook for the rest of the year. The company forecast 2005 revenue of $US4.3 billion to $US4.4 billion, including $US1.05 billion in the current quarter. Excluding accounting items unrelated to it ongoing business, eBay expects 2005 earnings of 82 US cents or 83 US cents per share, above the current analyst estimate of 79 US cents.


    eBay's pleasant surprise came the day after another internet bellwether, Yahoo! disappointed Wall Street by reporting a profit that merely matched analyst expectations.


    "Our (second-quarter) results underscore the power of our community of users and the potential of what we can achieve together," eBay chief executive Meg Whitman told analysts during a Wednesday conference call.


    The performance provides eBay with a much-needed lift during what has been a tough year. An investor favourite almost as soon as it went public in 1998, eBay has been under fire for the past six months.


    The backlash began in January when the company reported quarterly results that fell below analyst expectations. Since then, eBay has faced harsh criticism for raising its merchant fees and for not being more vigilant about weeding out the mischief makers and scam artists who make bogus bids or attempt to sell merchandise and never deliver the goods.


    The backlash has contributed to a 40 per cent decline in eBay's stock so far this year, wiping out $US30 billion in shareholder wealth.


    Meanwhile, online auction rivals like uBid.com and Overstock.com have been trying to capitalise on the criticism to lure away merchants and buyers. The poaching hasn't had a significant impact yet on eBay, which dominated online auctions with 51.1 million unique US users in June, up from 45.4 million unique users a year ago, according to Nielsen/NetRatings.


    eBay management has been aggressively reaching out to many of its disgruntled sellers to address their concerns even as management assured investors the recent criticisms are overblown.


    Ms Whitman seized on an opportunity to rebuff the critics, pointing out that the number of US stores selling on eBay had grown by 12 per cent to 173,000 since the higher fees took effect in mid-February.


    Overall, ebay's community had 157 million registered users, up 10 million from March. Its online payment service, PayPal, also is becoming more pervasive, with 78.9 million account holders who exchanged $US6.5 billion during the quarter. Most payments occurred within eBay, where a total of $US10.9 billion in sales were made during the quarter, a 36 per cent increase from last year.


    Like the eBay auctions, PayPal also is a prime fraud target. The company hopes to combat the problem with a tougher anti-fraud system that it plans to begin testing in Germany later this summer.


    Piper Jaffray analyst Safa Rashtchy described eBay's quarter as encouraging, but wondered how much of the earnings gains were being generated from the company's higher fees. "If they are just generating more revenue per seller, that is not as good as attracting new sellers," he said.


    The higher fees generated very little of the company's revenue growth, according to chief financial officer Rajiv Dutta. "This is largely a (sales) volume story," he told analysts during the conference call.


    Ms Whitman and Mr Dutta predicted eBay would be able to stimulate even more sales later this year, with the addition of an online price comparison site, Shopping.com, and upgraded search technology to make it easier to find merchandise listed in auctions.


     

    0 Comments
    eBay Is Back in the Bidding
    07.21.05 (5:43 am)

    Renewed strength in core U.S. and German units buoyed the online marketplace -- and lots of investors. Some analysts remain wary

    After disappointing results all year, eBay is suddenly giving investors reason to smile again. Buoyed by renewed growth in its core U.S. and German operations, the online marketplace reported better-than-expected second-quarter results on July 20. Profits jumped 53%, to $291.6 million, or 21 cents a share -- 4 cents above analysts' expectations -- and eBay (EBAY ) upped its profit and sales estimates for the rest of the year.

    "eBay is still a very high-growth business," says Scott Devitt, an analyst with Legg Mason Wood Walker. "The quarterly results go a long way in pointing this out to the investment community."

    Indeed, the surprise report lit up the after-hours ticker as investors bid up the stock by as much as 15%. It had fallen 1%, to $34.87, before the announcement, and was down 39% since the start of the year. For months, it has suffered the wrath of investors as well as its own sellers, some of whom are angry about recent fee increases. Meanwhile, alternative buying and selling channels such as Google (GOOG ) and Amazon.com were threatening to cut off eBay's growth.

    NEW INITIATIVES.  The latest results indicate that eBay may be emerging from that rough patch. For one thing, U.S. revenue growth, which had been slowing for several quarters, rose to 27%, from 20% in the first quarter. In Germany, its second-biggest market, growth also improved after accounting for the impact of a stronger dollar. Overall, sales rose 40%, to $1.1 billion, up from a 36% growth rate in the first quarter. "This was all about increased volume" of trade, eBay Chief Financial Officer Rajiv Dutta told BusinessWeek Online.

    Several new initiatives led the return of higher growth. For one, eBay introduced some new selling methods, such as "Want It Now," which allows buyers to put out requests for products they want, and "Best Offer," a new method of haggling over higher-price items. These new initiatives helped boost both average selling prices and the rate of successful transactions, Dutta says. Even so, eBay managed to reduce spending on product development as a percentage of revenues.

    Interestingly, the much-criticized fee increases on eBay Stores, the separate merchant storefronts that eBay hosts, also appeared to aid growth. The higher fees prompted some merchants to place merchandise that had been sitting in eBay Stores onto eBay.com instead, where it often sold. Even as sellers grumbled, the number of eBay Stores in the U.S. has risen 12%, to 173,000, since the February fee hikes. "Those price increases had precisely the effect we wanted," Chief Executive Margaret Whitman said in a conference call with analysts.

    "UNANSWERED QUESTIONS."  Also boosting results was eBay's online payment unit, PayPal, which saw accelerating growth as net payment revenues jumped 51%, to $244 million. PayPal has been aggressively pushing to expand business beyond eBay.com by signing deals with the likes of Apple's (AAPL ) iTunes Music Store. "We saw strong growth across all parts of our business," Whitman said during the call. "Our Q2 results indicate that [merchants] continue to see real value to the eBay marketplace."

    eBay's positive earnings haven't entirely quieted concerns about its prospects. It's still unclear whether the improvement is sustainable, says Pacific Growth Equities' Derek Brown, one of only two analysts with an underweight rating on eBay. Brown isn't sure what drove the renewed growth, since eBay didn't provide precise figures on the benefit from new features and fee changes, nor explain how it reduced product-development costs. "It was a very good quarter," he says. "But there are a lot of unanswered questions."

    Moreover, Google, which reports earnings July 21, continues to attract many small and large merchants, who in some cases find that buying search keywords can pay off better than selling on eBay. And rivals such as Amazon and Overstock.com (OSTK ) are coming on stronger.

    MOJO RISING.  eBay isn't backing down. It plans to keep up increased spending on marketing and new product development and incorporate a flurry of recent acquisitions, such as comparison-shopping site Shopping.com and housing site Rent.com. That won't be easy, since these sites do business much differently than eBay's mostly auction-oriented model.

    But for now, it appears that the 10-year-old company has regained some of the mojo it lost in January, when slowing growth in the fourth quarter knocked its stock down by almost 20% in one day. Indeed, it's possible that eBay's results may spur renewed interest in e-commerce companies, which investors have been abandoning for higher fliers such as search giant Google.

    "I feel we're getting closer to the end of this concern by investors about e-commerce," says Allison Thacker, co-portfolio manager of the RS Internet Age Fund at RS Investments of San Francisco, which doesn't currently hold eBay shares.

    BACK TO COMMERCE?  With its stock down 38% since the start of the year, eBay has become more attractive lately to some analysts, too. Before the latest earnings announcement, at least two analysts recently upgrad