For Tony Bates, joining Skype was a "no brainer."
By Dan Primack, senior editor
FORTUNE -- Every year, Tony Bates and his wife make a list of future goals. In 2007, Bates was a 40-year-old Cisco (CSCO) executive who wrote down that he wanted to become a CEO by the age of 45. He then listed four companies -- all consumer-focused, despite his enterprise pedigree -- that he hoped would offer him the job.
One of them was Skype, Bates said today during Fortune Brainstorm Tech in Aspen. So when Skype's private equity owners came calling last October, it was a "no-brainer."
"There are very few of these opportunities," Bates said. "How many companies are there that really have over 100 million users per month and over 100 minutes of per user engagement per month? You can count them on one hand."
Bates also expressed excitement about his upcoming opportunities within Microsoft (MSFT), which recently agreed to buy Skype for $8.5 billion. Bates said he expects the deal to close in October, at which point Skype will become the first company ever acquired by Microsoft to be treated as its own division within the company. Bates will report directly to Microsoft CEO Steve Ballmer, although he declined to say how long he was legally committed to remaining with the software giant.
Read the full transcript here.
The administration's CTO says the plan to improve health-care IT will take time -- it's not about 'industrial policy,' but about 'building infrastructure for the 21st century.'
by Laura Rich, contributor
The White House hasn't been dragging its feet on health-care IT, despite how it looks. There has been an intentional effort to lay out a strategy and take time to implement it, said Aneesh Chopra, chief technology officer at the White MORE
Jul 27, 2010 1:44 PM ET
How the Apple CEO may have changed the course of the hit ABC show with one comment back in 2005.
by Patricia Sellers, editor-at-large
Steve Jobs, as we know, has dramatically changed computers, movies, music, mobile phones, and more. Turns out, the Smartest CEO in Tech -- as Fortune calls the Apple (AAPL) boss in the current issue -- also influenced one of the past decade's most innovative TV shows: Lost.
"He may MORE
Jul 26, 2010 1:56 PM ET
By centering its strategy around the smartphone, and with Google as a partner, the company may just have a chance.
by Laura Rich, contributor
Not too long ago, it was Motorola-who? The Razr's leadership had fallen off, and Nokia was gobbling up mobile handset market share. The revenue losses were devastating -- down $2.35 billion from Q4 2007 to Q4 2008. Internally, the mobile division at Motorola (MOT) was a mess, racing MORE
Jul 26, 2010 11:11 AM ET
Short answer: it's a pain. That's good for Apple and Amazon, but not many others.
Consumers badly want to help buying stuff on the Web. It turns out it's not as easy as we'd think it'd be by 2010.
Gilt Groupe's Canadian customers, for example, run into so many roadblocks using their credit cards to flash-buy couture that Gilt plans to begin offering PayPal (EBAY), says CEO Susan Lyne.
Ning, the Valley startup MORE
Adam Lashinsky, Sr. Editor at Large - Jul 24, 2010 1:10 PM ET
EPA chief Lisa Jackson says tech companies tend to be young, hip and green. Now they need to think about recycling on the front end.
By Shelley DuBois, reporter
Garbage is money, says Lisa Jackson, administrator of the Environmental Protection Agency. She claims that's especially true for tech products that are built with some of the more valuable elements.
"What happens to our our smartphones and our other products is they MORE
Jul 24, 2010 1:10 PM ET
The company's doing just fine, but it has had to pull back in some regions after regulation and competition made it tough to do business there.
by Laura Rich, contributor
After a few years in France, Liberty Global (LBTYA) pulled up stakes and left. In South America, it retreated from seven countries down to one. "We realized it was never going to go our way," said Liberty Global CEO Mike Fries.
On MORE
Jul 24, 2010 10:45 AM ET
As AOL eyes turnaround strategies, one business still seems to be in demand: selling its search traffic.
AOL's nearly $700 million-a-year search deal with Google (GOOG) will expire in December, and CEO Tim Armstrong is not limiting the next deal to the usual two suspects: Microsoft (MSFT) and Google. "Search is heating up from a multi-partner space—we are not talking to two companies," said Armstrong while speaking at Fortune's Brainstorm Tech MORE
Jessi Hempel, writer - Jul 23, 2010 7:27 PM ET
Enterprise, mobile, China, storage and social -- so many places to deploy cash.
Fortune's Michael Copleand opened his venture-capital panel at Fortune Brainstorm Tech Friday afternoon with a fun round-robin question: Name one sector that is overhyped or underhyped. Shockingly, the six-member panel found nothing whatsoever that is overhyped. Only the opposite. VCs, after all, are congenital optimists.
Jerry Murdock of Insight Ventures, and investor in Twitter, thinks social media is underhyped. MORE
Adam Lashinsky, Sr. Editor at Large - Jul 23, 2010 6:53 PM ET
If it doesn't find a solution, the MLB could find itself with a consumer riot.
By Kevin Maney, contributor
From Major League Baseball's point of view, content providers are going to have to figure out how to charge one price for aggregated packages of content. Otherwise, consumers are going to rebel against "a la carte creep," said MLB.com CEO Bob Bowman in a lunch session at Fortune's Brainstorm Tech conference.
"It's not that MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.17 | 0.19 | 2.72% |
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
| Nasdaq | 2,850.12 | 11.04 | 0.39% |
| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.72 | -0.07 | -4.02% |