Still no evidence that Skype was a stroke-of-genius acquisition

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Still no evidence that Skype was a stroke-of-genius acquisition

09-17-2007, 09:29 AM,

Post: #1

mandy Offline

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Still no evidence that Skype was a stroke-of-genius acquisition

Quote:Two years have passed since eBay Inc. struck its deal to pay $2.6 billion to purchase Internet phone provider Skype Technologies SA, and many on Wall Street wonder if it was a bad call.

Revenue growth is slowing. Skype isn't adding as many new customers. And eBay (EBAY) has yet to figure out how to make more money from those who use the service.

"At the time we were skeptical that Skype was going to materially impact eBay's core operations, and we remain so," said Derek Brown, an analyst with Cantor Fitzgerald...

full article: http://www.chicagotribune.com/business/y...5481.story

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