eBay: Skype helps earnings, CEO retiring

VoIP juggernaut Skype saw its revenue grow 76% to $115 million during 2007, and finished the year with 276 million registered users. These were all nice figures to add to eBay's 2007 balance sheet, though the big news from eBay's year-end earnings reports is that eBay president and CEO Meg Whitman is retiring at the end of March and being replaced by John Donahoe.

In its third-quarter earnings report last fall, eBay nourished growing perceptions that it paid too much its 2005 acquisition of Skype by taking a large write-down. Though the deal might be perceived as a lowlight of Whitman's otherwise impressive 10 years in charge at eBay, most reports today are focusing on where eBay's core online marketplace business goes from here.

In other Skype-related news, Sony announced that the heralded introduction of Skype on its Play Station Portable device has been delayed because the microphone on the device didn't meet Skype's specifications.

For more:
- see this earnings story at InfoWorld
- check out this posting about the Sony PSP at Sky News

Related articles:
- eBay late last year sounded committed to making the Skype deal work 

Suggested Articles

Expect a full dose of Kubernetes at next week's VMworld conference in San Francisco, according to VMware CEO Pat Gelsinger.

If there is indeed a global recession in the offing, no one has told the top cloud and colocation providers.

On the same day as its second quarter earnings, VMware announced it's buying Carbon Black and Pivotal for a combined value of $4.8 billion.