New Research Brief: Skype for sale?

Today my employer publishes a Research Brief on Skype. It elegantly counts 7 pages, 7 paragraphs and 7 tables.

Paragraphs:

1. Skype may be up for sale
2. Skype is an established VoIP player, with an extensive product range and ecosystem, but is not a primary line service
3. Usage growth outstrips user growth, but revenue growth lags behind
4. Revenue growth disappointed from 2006, but the margin has reached an estimated 17%
5. The network effect delivers high growth, but revenues from SkypeOut could be in danger
6. European incumbents could expand internationally on the wings of Skype
7. Google-like growth would imply a USD 600-700 million valuation
   

Tables:

1. Skype products
2. Selected embedded technology partners
3. Selected distribution partners
4. Users, usage and year-on-year growth rates
5. Revenue, year-on-year growth rate and usage
6. Short P&L
7. 2008 Results, market capitalization, total enterprise value and multiples