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Posted: Tue Sep 26, 2006 4:19 pm Post subject: MSFT to Buy EBAY? |
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By Lisa Baertlein
LOS ANGELES, Sept 26 (Reuters) - The shares eBay Inc. (EBAY.O: Quote, Profile, Research) gained 5.5 percent on Tuesday after an analyst raised his third-quarter revenue estimate for the company amid renewed merger and acquisition speculation about the e-commerce leader.
Goldman Sachs analyst Anthony Noto raised his revenue estimate for the third quarter to $1.445 billion from $1.436 billion in a client note issued late on Monday and sent to journalists on Tuesday.
Noto, who has a buy rating on eBay shares, also said the company's revenue and listing declines had bottomed in the second quarter.
Seven Summits Strategic Investments, an independent investment research group in Chicago, in a brief note on Tuesday attributed the share rise to a Wall Street rumor that Microsoft Corp. (MSFT.O: Quote, Profile, Research), with a market value of around $266 billion, wants to buy eBay, which is valued at about $37 billion.
Talk of a Microsoft-eBay marriage has popped up regularly for months. Representatives from each company on Tuesday said they do not comment on rumors and speculation.
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060926:MTFH27603_2006-09-26_22-31-18_N26383340&type=comktNews&rpc=44 |
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