Hayman helped develop cloud software and led many acquisitions at IBM. At eBay Hayman will over the enterprise business that helps clients with shipping, marketing, and customer management.
"Technology continues to have a significant impact on the overall commerce landscape," CEO John Donahoe said in a statement. "Craig's experience will enhance our ability to serve retailers and brands in this online to offline world."
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TheStreet Ratings team rates EBAY INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."