eBay/Skype analyst conference call

“Communications is at the heart of ecommerce and community,�? said Meg Whitman, President and Chief Executive Officer of eBay. “By combining the two leading ecommerce franchises, eBay and PayPal, with the leader in Internet voice communications, we will create an extraordinarily powerful environment for business on the Net.

At least some people are trying to explain why this move makes sense. I can see potential in this deal, but not worth several billion $. Are we having a new bubble here, where a company that generated 7 millions of revenues in 2004 (prediction for 2005: 60 millions) is bought for such an outrageous amount of money?

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