Nobody is likely to argue too much with Wendy’s analysis in net.wars this week. In her column in NewsWireless.net she sees echoes of the dotcom madness:
Most predictions don’t involve putting your money where your mouth is.
But buying companies does, says Wendy:
This week, eBay announced it was taking a $1.43 billion one-off charge on Skype, which it acquired just a little over two years ago for $2.6 billion, half cash and half stock… and the writedown it took this week is known as a goodwill impairment charge.eBay’s charge, therefore, is an admission that the company overpaid for Skype.
Technorati Tags: Skype, dotcom, eBay, goodwill, Wall Street, Wendy Grossman, net wars
