Ebay admits to Skype mistake - overpaid $1 billion


	Ebay admits to Skype mistake - overpaid $1 billion

arifsali

10-2-2007 1:10 PM

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tags:

technology, skype, ebay, investment

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10-2-2007 3:42 PM

BartendingBear

Why Skype when you can JaJah? I'm very pleased with JaJah's service.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/991894f1-2e51-4c00-b96b-907242d7b849/2D4447F7-76E8-4CD1-85BB-2EF255E8E2A7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/technology/content/oct2007/tc2007101_499889.htm?chan=top+news_top+news+index_technology" href="http://www.businessweek.com/technology/content/oct2007/tc2007101_499889.htm?chan=top+news_top+news+index_technology" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/technology/content/oct2007/tc2007101_499889.htm?chan=top+news_top+news+index_technology"><H2>
The shakeup and $1.43 billion charge confirm eBay's irrational exuberance as well as Skype's struggling Web-calling business model
</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/technology/content/oct2007/tc2007101_499889.htm?chan=top+news_top+news+index_technology">
When eBay (<A rel="ticker" href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=EBAY">EBAY</A>) bought <A href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=3351436">Skype Technologies</A> for $2.6 billion in late 2005, few could fathom why the online auction company saw so much in a money-losing Internet phone service. Two years later, eBay is admitting it made a mistake.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/technology/content/oct2007/tc2007101_499889.htm?chan=top+news_top+news+index_technology">
On Oct. 1, eBay confirmed that it overpaid for Skype—by nearly $1 billion—and that the popular Web-calling business has not performed up to the rosy forecasts set back in 2005. In announcing a $1.43 billion charge against profits, eBay also revealed a broad management reshuffle in which Skype co-founders <A href="http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=7435081&symbol=EBAY">Niklas Zennström</A> and Janus Friis will be leaving their posts.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2D4447F7-76E8-4CD1-85BB-2EF255E8E2A7/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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