The overall market takes a haircut as investors take cues from the Federal Reserve which indicates that it may raise interest rates in the near future if need be. The current ISDEX value is 572.93 with a change of -6.07(-1.05%).
Lycos tosses in a 2-for-1 stock split as well and I believe Lycos could be much better off now as it grows without the baggage of USA Networks. Bob Davis looks back on track.
The problem in these two deals to me is that eBay’s model relies much on being hands off. Processing could be outsourced and shopped to multiple bidders while the same could be said for auto auctions–bring them all into eBay, don’t bet the ranch on one.
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