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See Full StoryThe good news out of Palo Alto, California late last week was that a technology company
-- an Internet company at that -- had filed for an initial public offering. But as PayPal
knows, or will soon find out, it's one thing to file for an IPO, and another thing
entirely to pull it off. The U.S. Securities and Exchange Commission could probably
wallpaper a block of houses with the IPO registrations that never became actual IPOs.
Still, there's something to be said for stepping up to the plate the way PayPal has. There
may be ulterior motives in play here, such as, what better way to dangle itself as
takeover bait? But no matter what the motivation, the move is well-timed.
PayPal has been attempting to muscle in on my eBay cash flow for over two years now by manipulating their customers through various means. PayPal never succeeded, but it did succeed in causing me to fire eBay. Any outfit thinking of buying PayPal is going to find, if it does, that it bought a rotten egg.
I think, that given the chance, paypal(PYPL) will take off. Anyone know the time frame that it will be made available?
