opinion“The border region between Afghanistan andPakistan remains the epicentre of al Qaeda,”– Barack Obama, President of the US, said inan interview to People magazine“We are all Indians first. Mumbai, Chennai andDelhi belong to all Indians. That is the reality,”– Mukesh Ambani, Chairman, RelianceIndustries“I am firmly against doing marginal roles in bigbudgeted movies. I want to do roles which havedignity.”– Naseeruddin Shah, Bollywood actor“Violence and democracy cannot co-exist”– Meira Kumar, Speaker, Lok Sabha, said atthe inauguration of the twelfth North-EastRegion Commonwealth ParliamentaryAssociation conference in Shillong“It is clear that the <strong>Centre</strong> is working under theinfluence and pressure of capitalists and if itfails to take effective measures against pricehike immediately, my party will be forced tolaunch a nationwide agitation,”– Mayawati, Chief Minister Uttar Pradesh,told in a press conference.“The party's treatment towards me had notbeen right...to those who have been demandingmy resignation from the Rajya Sabha I have tosay that if Netaji (Mulayam Singh Yadav)returns my kidneys I would resign”– Amar Singh, addressing a public meetingin Madgava village, after being expelled fromThe Samajwadi Party“For a small country like Haiti, this (quake) is atsunami-like disaster. This is a majorcatastrophe and a huge humanitarian crisis.”– Ban Ki-moon, UN Secretary General“We are strengthening our security set up in allareas including Arunachal Pradesh because it isan integral part of India,”– A. K. Antony, Indian Defence Minister toldreporters in Bangalore“If I have any ideal in politics that is MahatmaGandhiji for me.”– Rahul Gandhi, Congress General Secretary,Addressing students of the Devi AhilyaUniversity in Indore"Mumbai may belong to all Indians, but how canit belong to an Italian mummy,"– Bal Thackeray, Shiv Sena Chief, said in aneditorial in party mouthpiece 'Saamana'.“ When we were playing and developed reverseswing we were accused of being cheats andtampering with the ball, but when the Englishand other bowlers did it became an art,"– Imran Khan, Pakistan's former Captainbacking Afridi's claim, who has been bannedfor two Twenty20 matches for tampering withthe ball in a one-dayer against Australia“Rahman is a good arranger of music.”– Lata Mangeshkar, Legendary singer40 PT’s PrepTalk – <strong>Feb</strong>ruary <strong>2010</strong>
Brand iconebay:Online Shopping MallCompared with other dotcom companies launchedalmost at the same time as eBay, none has ever reachedthe level of success and popularity among a very hugeclient base than that of eBay's. Throughout its existence, thecompany remained steadfast in surviving the bubble burst, butalso maintained if not improved its position in the market today.Sometime before September, 1995, 28-year-old softwaredeveloper Pierre Omidyar, who had previously worked withClaris developing software for Apple computers, sat down towrite the code that would eventually evolve into what we know aseBay today.eBay is the largest online auction and shoppingwebsite that lets people from around the world selland/buy their wares. As such, it offers online auctionhosting, electronic commerce, virtual shopping mall,and with its acquisition of Paypal and Skype, anonline payment system VoIP services for its users.Just like other online companies that werelaunched at around the same time, eBay traces itsmodest beginnings in San Jose, California on September 4, 1995when computer programmer Pierre Omidyar put up"AuctionWeb" as part of a website for his online consulting firmEcho Bay Technology Group. For this, Omidyar tried to registerthe domain name EchoBay.com, but failed as gold miningcompany Echo Bay Mines had already taken it. So he settled forthe shortened domain name eBay.com.To test the waters, Omidyar sold the very first item online,his very own broken laser pointer. To his amazement, a biddingmaterialized, and the item was sold for $13.83. In November1996, eBay entered into its first third-party licensing deal, with acompany called Electronic Travel Auction to use SmartMarketTechnology to sell plane tickets and other travel products.Growth was phenomenal; in January 1997 the site hosted2,000,000 auctions, compared with 250,000 during the whole of1996.In 1997, eBay got venture funding and officially changed itscompany name to eBay. Its defining moment came on June 10,1999, when a 22-hour crash turned an otherwise worst momentfor the company into an incident that won millions of usersdeeper trust for the company. During the 22-hour crash that day,upon management directive some 400 employees of eBay wentout of their way to call sellers to apologize for the temporaryglitch. Ebay's unanticipated action won a lot of admiration fromeBay users around the world.eBay's position continues to change as online retail evolves.eBay's 1998 IPO occurred during the fabled "dot com bubble"and was influenced by many of the forces that made othertechnology and Internet IPOs so (in)famous. eBay's initial $18target price gave way to a steady climb, reaching a high of justover $58 per share in 2004 before embarkingon a steady decline. eBay's revenue growthwas initially 30 percent or more year overyear, making eBay one of the breakoutwinners of the dot com race.The Website Half.com was bought byeBay in 2000 and fully integrated into eBay'sweb community in 2001. Half.com allowsusers to buy and sell items at lower ratesmuch like eBay but without the auction feature. In October of2002 eBay acquired Paypal Inc. for 1.5 billion dollars. Paypal isthe preferred way of making payments for eBay auctions and isgrowing in popularity for other Internet uses. Paypal allows aperson to send or receive money via an email address. Money in aPaypal account can be spent on the Internet, sent by cheque tothe account owner, or deposited into a bank account. Paypal alsooffers credit cards, debit cards, and a bill paying function.In early 2008, the company had expanded worldwide,counted hundreds of millions of registered users, 15,000+employees and revenues of almost $7.7 billion After nearly tenyears at eBay, Whitman made the decision to enter politics. OnJanuary 23, 2008, the company announced that Whitman wouldstep down on March 31, 2008 and John Donahoe was selected tobecome President and CEO. Whitman remained on the Board ofDirectors and continued to advise Donahoe through 2008. Inlate 2009, eBay completed the sale of Skype for $2.75 Billion, butwill still own 30% equity in the company. With this kind ofinteraction with customers and attention to detail, eBay shouldbe around for a long time to come.PT’s PrepTalk – <strong>Feb</strong>ruary <strong>2010</strong> 41