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MarketFoolery

MarketFoolery: 05.10.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 10 May 2011

⏱️ 17 minutes

🧾️ Download transcript

Summary

Microsoft agrees to buy Skype for $8.5 billion dollars. Is picking up the telephony company a good deal for Microsoft? Hertz and Avis engage in a bidding war in the battle for Dollar Thrifty. Should investors take stock in the rental car industry? Our analysts discuss those stories and talk about the latest chapter in Greece's financial woes.

Transcript

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0:00.0

It's Tuesday, May 10th, and this is Market Fullery.

0:05.0

I'm Chris Helen joining me in studio today.

0:07.0

From Motley Fool Global Gaines, Tim Hanson from Inside Value, Joe Meager,

0:11.0

and from Motley Fool Asset Management, Bill Mann.

0:14.0

Guys, good to see you.

0:15.0

Hello.

0:16.0

We have got the latest from Greece and a bidding war in the rental car industry,

0:20.0

but we will begin with the certifiable big story of the day.

0:25.0

Microsoft has agreed to buy Skype, the Internet Telephone Service Company,

0:30.0

for 8.5 billion, the largest acquisition in Microsoft's history.

0:36.0

Did you notice that the conference call started five minutes late?

0:39.5

Like they were having problems with Skype? That probably doesn't bode well.

0:44.0

Hold on, we got to get our technology in order.

0:46.0

Exactly.

0:47.0

This gives Microsoft access to Skype's user base of 170 million people.

0:52.0

Which includes me, although I do not pay for the service

0:54.7

and me it's just getting better you pay for the service Joe nope can I finish my read

1:00.0

no go for it what he got next Microsoft said it will integrate Skype's functions to its Xbox game system, Windows

1:06.7

smartphones, etc.

1:08.7

Joe, Microsoft is a recommendation in the Inside Value Service. I'm a shareholder. How should I be feeling about

1:15.1

this deal? Okay, well there are a lot of positives. There's the thing. The thing?

1:21.6

Okay, so we'll start with the negatives.

...

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