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Morning stock check: SunPower up, eBay down
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SAN FRANCISCO (Map, News) - SunPower Corporation (SPWR) was up more than 4.5 percent in early trading Friday morning, with the Charles Schwab Corporation (SCHW) and NVIDIA Corporation (NVDA) not far behind, both up more than 2.5 percent.
eBay Inc. (EBAY), a first-timer this week on the top three downward-trading companies, was down more than 2.5 percent Friday. Adobe Systems Incorporated (ADBE) and Intel Corporation (INTC) were both down more than 2.5 percent as well in early trading.
Intel Corporation (INTC), Cisco Systems, Inc. (CSCO) and Apple Inc. (AAPL) were all, as usual, trading at high volume. Intel was highest, with 20.12 million shares changing hands.
The Dow Jones Industrial Average was trading up and down Friday morning, but was trending downward at nearly a third of a percent.
In other stock news, Advanced Micro Devices Inc. (AMD) announced it won't become profitable again until the second half of 2008, and that the release of a new product to bring it out of the slump would be delayed because of the fiscal woes. Also, two privacy groups maintain the head of the Federal Trade Commission, Deborah Platt Majoras, may be linked to a law firm connected to Google, Inc., which recently purchased DoubleClick wo privacy groups on Thursday didn't let up on their claims that the head of the Federal Trade Commission may be linked with a law firm with business before the agency.
The Electronic Privacy Information Center and the Center for Digital Democracy yesterday called for Deborah Platt Majoras, the chairwoman of the FTC, to remove herself from the agency's antitrust review of Google Inc.'s $3.1 billion purchase of DoubleClick, an online advertising services firm. The groups say she may be linked with a law firm with business before the agency.
Comments from Examiner Readers
8:35 AM MST on Thu., Nov. 8, 2007 re: "Morning stock check: SanDisk up, eBay down"
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3:28 PM MST on Wed., Nov. 7, 2007
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10:01 PM MST on Mon., Oct. 22, 2007
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3:35 PM MST on Mon., Oct. 22, 2007
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Examiner Reader said:
in my experience. Tried EBAY a few times. Every time it summed up as ME posting stuff and paying to post it and getting NO sale. I now use Craigs list exclussively. Sold my car through Craigs few months back took 3 days and got like multiple calls from real buyers. Craigs was way Cheaper AND much better results - made it a nobrainer. Anyone says different must be an investor or employee of EBAY. This seller never using Ebay again ever.
194 agree | 212 disagree
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Examiner Reader said:
It's ironic that some people fault E-Bay for "being greedy and making money," when in fact it's the people who use E-Bay to try to sell their wares who are "being greedy and making money." I guess if a business tries to maximize their profit, it's bad, but if a private citizen tries to do the same, then that's how capitalism works.
204 agree | 229 disagree
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Examiner Reader said:
Ebay has gotten greedy and is also trying to FORCE everyone to use PayPal to get more money from the seller. J K
197 agree | 208 disagree
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Examiner Reader said:
Absolutely agree, The fees make it largely unprofitable to sell anything anymore. It's also the reason you see a lot of items with a value of $65.00 selling for $1.00 but carrying freight charges of $60.00. You don't pay fees on the freight. It's against ebay policy, but everyone does it (even though ebay encourages you to turn violators in through the new feedback system). It's also become a haven for Phishers and Nigerian Scammers. Ebay can't end the fraudulent auctions fast enough. They've definitely lost their lustre. I hardly buy or sell anything over there anymore. The've just become GREEDY.
234 agree | 245 disagree
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Examiner Reader said:
I hope eBay goes to HELL!! They are like Wal-Mart in every sense. Profits, profits and more profits. The employees/sellers can get lost as far as either of the companies are concerned. It is truly all about the money.
251 agree | 214 disagree
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