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Cisco Shares Rise After Company Tops Profit Forecasts

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Published: Wednesday, 7 Feb 2007 | 11:55 AM ET
By: CNBC.com

News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The idea is to let MySpace users buy and sell items from each other using eBay's online-commerce technology and its PayPal payment system, the Journal said, adding that MySpace users would be able to post items for sale on their profiles, and their eBay auctions would be automatically updated, according to a person close to the discussions.

Officials from MySpace and eBay were not immediately available to comment.

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The computer networking company reported fiscal second-quarter earnings of 33 cents a share, excluding one-time charges, beating analysts' forecasts.

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