EBAY INC. $57 (Nasdaq symbol EBAY; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.3 billion; Market cap: $74.1 billion; Priceto- sales ratio: 4.6; No dividends paid; TSINetwork Rating: Above Average; www.ebay.com) has paid an undisclosed sum for PhiSix Fashion Labs.
This private firm specializes in 3-D computergraphic simulations. eBay plans to use this technology to show customers of its auction and e-commerce websites how they look in different clothing items. This should reduce returns and spur more people to buy clothes online.
eBay is a buy.