Scenario: Donohoe cannot turn around EBAY in 2008. What happens then?
I believe investment bankers will come a-knocking on their doors. FY2008 will be a complete bust business-wise. In FY2009, the board will give Donohoe clear marching orders: Prepare the company to be sold either in whole or in piece meal. In order of sale: (1) Skype, (2) country operations - (in order): China, ROC, Korea, UK, (3) ProStores, (4) Shopping.com, and last but not least, (5) PayPal. The sum of the parts are worth more than the whole.
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