Put your money where your Skype is!

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.

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