eBay 2007 Annual Report Download - page 51

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the underlying laws with respect to the potential liability of online intermediaries like ourselves are either unclear or
less favorable. We believe that additional lawsuits alleging that we have violated copyright or trademark laws will
be filed against us, especially in Europe. Intellectual property claims, whether meritorious or not, are time
consuming and costly to resolve, could require expensive changes in our methods of doing business, or could
require us to enter into costly royalty or licensing agreements.
From time to time, we are involved in other disputes or regulatory inquiries that arise in the ordinary course of
business. The number and significance of these disputes and inquiries are increasing as our business expands and
our company grows larger. Any claims or regulatory actions against us, whether meritorious or not, could be time
consuming, result in costly litigation, require significant amounts of management time, and result in the diversion of
significant operational resources.
ITEM 4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There were no submissions of matters to a vote of security holders during the quarter ended December 31,
2007.
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