eBay the latest of several companies to dip into their credit line

[coxengines]

http://www.canada.com/vancouversun/news/story.html?id=b571d1b9-0a68-4d7f-8ce9-2718ce769a66

[pierrelebel]

Assuming that report is correct, I am not sure why eBay would use its line of credit for those purchases since it is sitting on US$ 3,342,717,000 in cash (and equivalent) at September 30th, 2008 - with no offsetting liability. .

[gifts_of_elegance]

They are following the old principal of "use other people's money to make money". If it doesn't work, management can take a bonus and leave their creditors holding the bag.