Thursday, April 16, 2009

Get In on the Skype IPO

If it first you don't succeed, let it go as an IPO.

eBay finally found a way to unload its popular voice and video chat platform. It will simply take Skype public as a stand-alone company in the first half of next year.

The move makes sense, since investors clearly aren't appreciating Skype's growth within eBay's sluggish digestive tract. It also will help put what eBay cynics -- and accountants -- consider to be one of its biggest mistakes behind it, since eBay took a whopping $1.4 billion charge to write down its investment in Skype two years ago.

Let's not cheat Skype out of its accomplishments. The software has been able to grow nicely, even under eBay's conflicted wing.

by Rick Aristotle Munarriz
Source: Motley Fool

No comments:

Post a Comment