Skype: It's Business Time

Describing its long-term financial outlook to analysts last week, eBay said it expects Skype to more than double its revenue to over $1 billion by 2011. Quite a claim to make about an Internet telephony business for which the company has taken some pretty nasty write-downs, a business that back in January eBay seemed to be looking to divest. But apparently, eBay sees quite a bit of promise in Skype’s new voice-over-IP service for businesses.
businesstime1copy1jpg

Skype: It’s Business Time

Describing its long-term financial outlook to analysts last week, eBay said it expects Skype to more than double its revenue to over $1 billion by 2011. Quite a claim to make about an Internet telephony business for which the company has taken some pretty nasty write-downs, a business that back in January eBay seemed to be looking to divest. But apparently, eBay sees quite a bit of promise in Skype’s new voice-over-IP service for businesses.
businesstime1copy1jpg