EBay's margins likely to stay squeezed, Stock Downgraded

[mandy]

Bear Stearns downgraded the Internet auctioneer, citing little likelihood for any rebound in the company's profit margins in 2006.

..Adding to the analyst's concern is eBay's new policy of not giving out information on how its Chinese business is performing

...Peck warns of possible increased competition from Google Inc.  especially in the area of fixed listings, which make up around 30% of eBay's total listings.

EBay may find it difficult to raise listing fees in 2006 as other sites look to steal some of its business, raising the competition for customers.

http://www.marketwatch.com/news/story.asp?page=2&guid={D1FAE0F5-E6D1-4855-9CFA-97EE549D7368}&siteid=mktw