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September 12, 2005 1:29 PM PDT

Quote of the day: Skype, hype--bubble?

Apparently, the in thing again for tech companies is to drop a few billion dollars to buy other tech companies. On a day when Oracle ponied up $5.8 billion for software rival Siebel Systems, auction giant eBay also dug deep and came up with $2.6 billion for VoIP darling Skype. While the Oracle-Siebel deal is a marriage of like-minded souls, the eBay-Skype engagement had many scratching their heads. "It reminds me of the days of the Internet bubble," said Maribel Lopez, an analyst at Forrester Research. "Who buys a company for $2.6 billion anymore that has a miniscule revenue stream?"

To read the full account of the Skype purchase, click here.

See more CNET content tagged:
Siebel Systems Inc., Skype, eBay Inc., Oracle Corp., VoIP

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