With a gale-force secular tailwind (combined HD & MD orders at levels not seen since the land rush of '05-'06), they widen their loss vs Q1 '13. Somehow, they're keeping their cash trove intact, but losing a quarter of a billion dollars every three months can't be overcome with financial legerdemain.
Icahn says Ebay is the worst run company he's ever seen - coming from a big buyer of NAV ca 2011-2, that's a pretty damning indictment!
it all makes perfect sense when the (undisclosed) goal is bankruptcy. some might even say it was clever for them to "use" the so-called flawed engine design as a legitimate poor business reason that will cause the bankruptcy. there are 3 billion reasons why it is obvious that bankruptcy has been the goal for several years now, obvious to me anyways. maybe ustian crafted the bk plan which is why he left with $14m parting gift?