EBay posts loss on Skype charges
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EBay reports a $936m loss due to its admission that it paid too much to buy internet phone firm Skype.
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Bristol-Myers Squibb Co  reported a quarterly loss on Thursday due to special charges, including a $275 million write-down from the credit crisis spreading through corporate America.
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'But we'll bilk you in other ways' This morning, eBay's CEO-to-be told a roomful of obsessed internet auctioneers that he will soon charge them between 25 and 50 per cent less to list their items on the site's virtual marketplace.â¦
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Qwest Communications International Inc. on Thursday reported a third-quarter loss, citing charges and lower revenue. The provider of voice, video and data services posted a quarterly loss of $569 million, or
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IAC/InterActiveCorp IACI.O, owner of  Internet travel site Expedia and the Home Shopping Network, on  Wednesday posted a quarterly loss as it took charges to write  down the value of two businesses.
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gardel writes &quot;Voxilla reports that a VoIP price war was declared today. An announcement that AT&amp;T would drop its prices for its CallVantage Service from $34.
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(InfoWorld) - Vonage lost less money in the fourth quarter of 2006 than a year earlier, but it didn't attract as many new subscribers to its VoIP service despite heavy marketing. The company, a pioneer in selling phone service that uses packet data networks instead of traditional circuits, now faces competition from cable operators and the established telecommunications carriers. The big players recognize the potential cost benefits of the technology as well as its flexibility, including the ability to give subscribers a browser-based portal for using voice mail and changing service preferences. But those big players are also bundling VoIP with other services, such as broadband Internet access and TV. Vonage ended the fourth quarter with a net gain of 166,267 subscriber lines, bringing its customer base to more than 2.2 million. But that was less than the 204,591 subscribers it gained the previous quarter as well as its gain in the fourth quarter of 2005, when it added 207,252 subscribers. Revenue soared to $181 million, up 91 percent from a year earlier, and the company's net loss narrowed. Vonage lost $65 million, or $0.42 per share, compared with a loss of $72 million in the fourth quarter of 2005. The company's margins also improved, according to a statement Thursday. But Vonage has built its business on being an early mover and drawing a big base of customers that can later drive profits. The company's marketing costs still amounted to 53 percent of revenue in the fourth quarter, although this was down from 71 percent a year earlier. Vonage still expects to reach its goal of making an operating profit, adjusted for certain factors, as early as the first quarter of 2008, the statement said. The company's stock (VG) dropped sharply after its initial public offering on the New York Stock Exchange last May at $17. Among other things, investors worried about the company's losses and growing competition. On Thursday afternoon, the share price was down $0.42 at $5.42. Â
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Company's handset business is in trouble, as it reports heavy losses on slow sales, sending its stock down more than 22 percent in midday trading.
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EBay Inc.'s Skype division has let down eBay executives, but they're confident they can reorganize the troubled Internet phone unit and make it more useful to people outside of the online marketplace.
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EBay Inc's  Skype is expected  to announce a deal soon with wireless service provider 3 to  sell the Internet telephony company's first mobile phone, a  person familiar with the matter said on Friday.
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Plus: Phone sales boost Nokia profits past forecasts...eBay posts large quarterly loss on Skype write-down...IBM services buoy earnings...Yahoo net profit falls...Samsung posts strong quarter.
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The discount broker posts a loss as mortgage-related losses mount.
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HOLDERS of Telstra T2 stock have worn a hefty capital loss by selling their shares into the telco&#39;s latest buyback. Telstra said yesterday it had paid $750 million - $695 million below the issue price of
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Vonage tanked after its IPO. It's not entirely clear anymore why eBay paid $2.6 billion for Skype. And the long-awaited rollout of advanced TV services based on Internet technologies has resembled the drip of a faucet.
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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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The phone company reported a fourth-quarter loss of $11.1 million as it scaled back on marketing and cut other costs.
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NEW YORK - Skype Technologies made a name for itself providing a free Internet telephone program to users around the world. Now it&#39;s time to cash in.