This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Microsoft-Skype Panned at TechCrunch Disrupt

NEW YORK ( TheStreet) -- Microsoft's (MSFT - Get Report) $8.5 billion purchase of Skype makes no sense to famed investor Paul Graham of Y Combinator.

Graham, who called Microsoft "dead" back in 2007, criticized Microsoft's approach to the Skype acquisition as "out of control" and said the company should be looking for good value not big deals.

"I don't know what they are doing" with the purchase of Skype, Graham said.

In a revealing discussion at TechCrunch Disrupt 2011 in New York Tuesday, Graham spoke clearly about his portfolio of small companies like Loopt and Dropbox but offered no view on Cisco (CSCO), Facebook or where social media was going, telling interviewer Charlie Rose that he's been too focused on small, new companies.

On the questions around a possible tech bubble, Graham urged caution on the use of the term "bubble" but noted prices are high and that companies should raise money now before it goes away.

Graham expects this wave of cash infusion will fade due to either China's economy dropping off or any number of other reasons. On the overall venture capital landscape, Graham sees it shrinking, likening it to trash compactor with the "bad ones" dying off.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
MSFT $48.03 0.33%
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs