Posted By:
Dan MathewsonWall Street's daily reaction means little to nothing. Wall Street reacts whenever a stock-broker's favorite team loses the pennant. Tomorrow, the whole Dow may be up 300 ticks, who knows?
I think eBay's move was brilliant. Their businesses complement each other and many, many people use both, as I do. Of all the e-Pay options out there, my best success has been with PayPal. Of all the e-auctions out there, eBay is the most popular.
They'll probably make a fortune as a team together. (As long as Arthur Anderson isn't doing their books and Worldcom isn't their long-distance provider...)
Just my opinion, of course, they could flop by this time next year. But, I seriously doubt it. I really think this is a tremendous merger.