Skype posts
FeedPosted Oct 22nd 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Internet, Yahoo! (YHOO), eBay (EBAY), Amazon.com (AMZN), Technology
Online auction giant eBay (NASDAQ: EBAY), a business that counts Amazon (NASDAQ: AMZN) and Yahoo! (NASDAQ: YHOO) as related companies, was not popular in Wednesday's after-hours session. The third-quarter report just didn't do it for Wall Street, so Wall Street decided to make some trouble and bring the per-share price of the stock down by 4.5%. Oh sure, the company beat earnings by the most famous amount there is -- the proverbial penny -- but, according to this Bloomberg piece, guidance was not so inspiring.
The top line was actually pretty cool. Net sales saw an increase of 6%. Unfortunately, the bottom line couldn't take advantage of such growth. On an adjusted basis, net income dropped 16% to 38 cents per diluted share. And, as I just said, that was one penny ahead of the analysts.
Continue reading eBay sees declines in profit and operating margin in Q3
Posted Sep 18th 2009 2:30PM by Tom Taulli (RSS feed)
Filed under: eBay (EBAY), Private equity

Attorneys must love the founders of Skype -- Niklas Zennstrom and Janus Friis, who filed yet another lawsuit. This
one is against the former CEO of Joost, Mike Volpi, as well as Index Ventures. The claim is that the defendants breached their fiduciary responsibilities to Joost by brokering the $1.9 billion buyout of Skype, which is currently owned by
eBay (NASDAQ:
EBAY). One of the investors in the proposed deal is Index Ventures (and Volpi recently became a partner of the firm).
Keep in mind that on Wednesday, the Skype founders filed a lawsuit -- against eBay, Silver Lake Partners, Index Ventures, Andreessen Horowitz and the Canada Pension Plan Investment Board -- for copyright infringement. They believe that their company, Joltid, owns key intellectual property for the Skype platform and that eBay is in violation of the terms.
Continue reading Skype's founders go nuclear on the $1.8 billion buyout
Posted Sep 1st 2009 11:00AM by Melly Alazraki (RSS feed)
Filed under: Deals, eBay (EBAY)
eBay Inc. (NASDAQ: EBAY) announced Tuesday it has reached a deal to sell most of its stake in Skype in a deal that values the online telecommunications service at $2.75 billion. eBay will get $1.9 billion in cash and a $125 million note from the buyer.
An investment group led by the private-equity firm Silver Lake, including Index Ventures, Andreessen Horowitz, and the Canada Pension Plan Investment Board, will buy the 65% stake in the company. eBay, which will retain a 35% stake, expects the deal to close in the fourth quarter of this year.
Continue reading eBay strikes a good deal on its Skype sale
Posted Aug 23rd 2009 6:40PM by Tom Taulli (RSS feed)
Filed under: Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), eBay (EBAY), Small business
As a small company, you probably have employees in remote locations. No doubt, there are many management and communications issues. Yes, it's often the case that things slow down -- or even fights break out.
While e-mail is helpful, it is usually not enough. Rather, it's worth looking at online collaboration tools.
First of all, these tools are usually affordable, with fees based on the number of users or the amount of storage used. Although, some providers may provide a free service.
Continue reading Entrepreneur's Journal: Time to use an online collaboration tool for your business?
Posted Apr 15th 2009 7:00AM by Zac Bissonnette (RSS feed)
Filed under: Deals, eBay (EBAY), Initial public offerings
eBay (NASDAQ: EBAY) has been trying to figure out what to do about its failed acquisition of Skype and the company has finally come up with a solution -- sort of.
In a press release, the company said that it plans to spin-off Skype sometime in the first half of 2010.
"Skype is a great stand-alone business with strong fundamentals and accelerating momentum," CEO John Donahoe said. "But it's clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path for maximizing its potential. This will give Skype the focus and resources required to continue its growth and effectively compete in online voice and video communications. In addition, separating Skype will allow eBay to focus entirely on our two core growth engines-e-commerce and online payments-and deliver long-term value to our stockholders."
Continue reading eBay announces spin-off for Skype
Posted Apr 14th 2009 9:00AM by Tom Taulli (RSS feed)
Filed under: eBay (EBAY)
As for M&A, eBay's (NASDAQ: EBAY) strategy has been mostly helter-skelter. In some cases, the deals were brilliant, such as for PayPal. But in other cases, the transactions have been wacky.
Well, it looks like eBay is cleaning up the M&A mess. And the first action-item: getting rid of StumbleUpon.
In the overall scheme of things, the transaction wasn't very material -- coming to $75 million (two years ago). But the site – which allows for the recommendation of sites -- did have lots of traffic and some brand in the marketplace. Under eBay's control, Stumbleupon increased registered users from 2.5 million to 7.5 million. What's more, the site plans to launch some new features, such as a search engine and a Twitter-friendly URL shortener.
Continue reading eBay's spring cleaning includes StumbleUpon
Posted Apr 12th 2009 11:40AM by Zac Bissonnette (RSS feed)
Filed under: Deals, eBay (EBAY)
It's universally believed that eBay (NASDAQ: EBAY) overpaid badly for its $3.1 billion acquisition of Skype, a revolutionary online phone company that, regardless of how cool it happens to be, doesn't generate a lot of income or fit with eBay's core business in any meaningful way.
When Meg Whitman retired as CEO, John Donahoe replaced her and has said repeatedly that he is open to selling Skype.
Continue reading Skype founders look to make a deal with eBay
Posted Mar 30th 2009 1:00PM by Beth Gaston Moon (RSS feed)
Filed under: Rumors, Apple Inc (AAPL), iPhone, Technology
Now you can have your iPhone conversation and see it, too. Skype, provider of VoIP technology, is reportedly debuting a free iPhone application in the Apple (NASDAQ: AAPL) store tomorrow. Rumors have it that a similar application will be available for users of Research in Motion's (NASDAQ: RIMM) BlackBerry in May.
The application will require Wi-Fi in order to work, and will search one's iPhone contacts to find users with Skype accounts. Therefore, iPod Touch users can take advantage of this feature as well, provided they have earphones with an embedded microphone.
Continue reading Skype for iPhone launching this week
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