This was a particularly strong quarter for eBay across all parts of its business.

As we head into the close of the year, I couldn't be more pleased with the overall health of the business.

Is eBay diverting from its core business? ... Nothing could be further from the truth.

The growth was very broad-based.

For the first couple of weeks of January, we have seen very strong activity across the eBay properties.

We are really buying a new business.

The $100 million investment is aimed at generating eBay's long-term revenue growth. We're not interested in just being No. 1 in China but the No. 1 player in ecommerce.

We have seen strong buyer demand across all the businesses, ... In addition, even though eBay's revenue are primarily transaction generated, we expect to see gross margins above 80 percent for the rest of the year.

2003 was an inflection point for us. In 2004, we are more confident than ever of the long-term trajectory of our business.