Feeds

Skype founder quits

As eBay makes tacit admission it overpaid

Internet Security Threat Report 2014

Skype co-founder and chief executive Niklas Zennstrom has quit his job running the eBay-owned IP telephony outfit day-to-day.

In an SEC filing, also today, eBay said it would take a $1.43bn hit in charges relating to Skype in Q3.

Some of Skype's early investors who stood to gain as much as $1.7bn from eBay if the company hit profit targets for 2008 and 2009 have decided to cash out now, trousering a mere $530m. eBay said the payment "is reasonable given the progress and anticipated rapid growth of Skype's active user base". How it plans to make money from a rapidly-growing group of freeloaders remains foggy.

The remaining charges of $900m stem from a fall in Skype's valuation since it agreed to lay down $2.6bn in 2005 in a deal that got a mixed reception from Wall Street. eBay is writing down the deflation of the VoIP bubble.

The boardroom shakeup will see Skype's current chief strategy wonk Michael van Swaaij take the reins until a permanent replacement for Zennstrom is found. The serial entrepreneur, who founded Skype in 2003, will take up a new position as non-executive chairman and spend more time on new projects.

Skype has hit headlines recently with a lengthy outage that cut users off for a week. ®

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.