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Skype Files For IPO

Posted by Soulskill on from the going-for-the-gusto dept.

helix2301 writes with news that Skype has filed plans with the SEC for an initial public offering. From TechCrunch: "According to the filing, Skype's revenues for the first six months of 2010 were $406 million, with a net income of only $13 million. But a big portion of that was from interest income. That is only a 3 percent net margin, and this isn't exactly a new business. Its income from operations was only $1.4 million for the six months. However, its gross margins are 51 percent, and have been expanding steadily as the company benefits from the scale of is operations and is able to negotiate lower telephone termination fees around the world."

6 of 87 comments (clear)

  1. Secret new project by Sockatume · · Score: 5, Funny

    Skype to distribute protocol based on millisecond trades of own stock, Voice Over IPO.

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    No kidding!!! What do you say at this point?
  2. Good Luck, Skype by drewzhrodague · · Score: 5, Funny

    I'm a long-time Skype user, and while it isn't my favorite application, it certainly works, and connects me to people around the world (for work). Good luck, Skype. I do hope this brings plenty of improvements and functionality. If not, we'll use something else!

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    Zhrodague.net - I do projects and stuff too.
  3. Last time I used Skype by mandark1967 · · Score: 4, Funny

    I tried to call my broker to buy some shares. Comcast picked that moment to throttle my traffic so the connection got a bit "wonky". Now I own 10,000,000 shares of SCO.

    I'm boned.

    --
    Sig Follows: "Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself." -- Mark Twain
    1. Re:Last time I used Skype by vlm · · Score: 5, Funny

      Now I own 10,000,000 shares of SCO.

      Well, there's $10 down the drain.

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      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
  4. Excellent news! by Lev13than · · Score: 4, Funny

    This IPO couldn't come a moment too soon - my Vonage share certificates were starting to get pretty soggy and smelly. Switching to Skype shares will freshen up the cage and make my birds much happier.

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    When you have nothing left to burn you must set yourself on fire
  5. Re:The name Skype by larry+bagina · · Score: 2, Funny

    ok, prakslash.

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    Do you even lift?

    These aren't the 'roids you're looking for.