The money should be recovered, Mr Wu believes, from insurance payments tied to the flooding, and the sale of the factory buildings.

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The charge is in connection with the sale of a synthetic collateralized debt obligation that was tied to the performance of subprime residential mortgage-backed securities.

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"No longer tied to their PCs, our users can now search on eBay, look at pictures of items for sale, bid on items, and check My eBay at a moment's notice, whether they are waiting in line at the post office, at a baseball game, or walking to work, " he said.

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