Remember This Acronym from the 90s? “IPO”
Apparently, Skype has never quite fit in with EBay. Here’s an excerpt:
“The only problem with Skype is it’s part of EBay,” said Jeff Lindsay, an analyst at Sanford C. Bernstein & Co. in New York. “It’s a marriage made in hell. They will make more money from spinning it out than they ever could by keeping it.”
The IPO could raise $500 million to $1 billion for EBay, depending on how much equity the company gives up, said Paul Bard, an analyst with Renaissance Capital LLC in Greenwich, Connecticut. Skype’s market value could be $3 billion to $5 billion, he said. Goldman Sachs Group Inc. will lead the underwriting.
Me, I’ve just started to use Ekiga. I’ve made one perfect outgoing call to a land line and received my first incoming call last night. Unfortunately, it was garbled. This too shall pass.