Thursday, December 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Vaio to Compete Against Sony
IHI and Toshiba to Demo Ocean Current Power Generation System
Fujitsu Signs Collaborative Research Agreements with Medical Research Institutions
Sony Releases 'The Interview' Online
Asus To Release More Wearable Devices Next Year
ASUS Xonar U3 Plus USB Sound Card Released
Tech Giants Sell Smartphone Patents
Playstation Now Game Streaming Service Coming To Samsung Smart TVs
Active Discussions
Cable Modem, split to Tv.
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
 Home > News > General Computing > eBay An...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 15, 2009
eBay Announces Plan for 2010 Initial Public Offering of Skype


eBay Inc. today announced that it plans to separate Skype from the company, beginning with an initial public offering that is intended to be completed in the first half of 2010.

Specific timing of the IPO will be based on market conditions, the company said.

"Skype is a great stand-alone business with strong fundamentals and accelerating momentum," said eBay Inc.'s President and CEO, John Donahoe. "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."

The decision to separate Skype is based on a timeline outlined by Donahoe when he became eBay's CEO in April 2008. At the time, the company said it would spend a year evaluating Skype and its potential synergies within the eBay Inc. portfolio before making any decisions about Skype's future. Donahoe also installed a new management team at Skype led by Josh Silverman, which has driven stronger momentum and improved performance. In 2008, Skype generated revenues of $551 million, up 44 percent from 2007, and segment margins of approximately 21 percent. Registered users reached 405 million by the end of 2008, up 47 percent from 2007, and user metrics improved significantly throughout the year. The company recently announced that it expects Skype to top $1 billion in revenue in 2011, nearly doubling 2008 revenues.

"Under the leadership of Josh Silverman and his management team, Skype has become a stronger business in the past year, and I expect it will be even stronger a year from now," Donahoe said. "Skype has accelerating global user growth and strong fundamentals, diversified revenue streams and is competitively positioned in a large market. We expect Josh and his team to continue delivering results as we prepare Skype for an IPO."


Previous
Next
New Microsoft SideWinder X3 Mouse Fits Your Hand and Your Wallet        All News        Nintendo to Release Wii MotionPlus and Wii Sports Resort in June 8
EU Launches Case Against UK Over Privacy and Personal Data Protection     General Computing News      New Technology Extracts Opinions from Text Data

Get RSS feed Easy Print E-Mail this Message

Related News
Skype Gets Auto-translation Feature
Skype Translator Early Preview Online
Skype Qik Keeps You Engaged Between Calls
Latest Skype For Windows Phone Brings Cortana Integration
Microsoft Demos Real-time Translation For Skype
eBay Asks Users To Change Passwords
Group video Calls on Skype Now Free on Windows desktop, Xbox One and Macs
AMD Rumored To Work With Toshiba On Radeon SSDs
Icahn Ends Pressure On eBay Over Paypal
Skype for Outlook.com Now Globally Available
Icann Calls eBay Governance 'Dysfunctional'
European Court Rejects Cisco's Challenge Of Microsoft-Skype Deal

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .