Category Archives: World’s Cheapest

Skype IPO $100 Million ADR initial public offering

Luxembourg based Skype, the Internet phone / video phone heavyweight, has filed papers with the [SEC] Securities and Exchange Commission for a $100 million [ADR] American Depository shares [IPO] initial public offering on the NASDAQ Global Market.

It is not known precisely when the shares will be available or at what price.

Skype said the IPO is an opportunity to achieve significant global scale and user growth that may allow the pioneering internet phone company to break the $1 billion mark in revenue by 2011.

Advertising on Skype or charging a modest fee for the video feature would boost revenue dramatically.

In 2010 Skype has more than $400 million in sales from only 8 million paying users out of its 560 million total users who use the real time internet video communication service online.

Skype’s P2P telephony allows users to connect with other users online to make free telephone calls. The Skype IPO looks like a buy.

Free services [freemium] to registered users include instant messaging, file transfer and screen sharing plus voice and video / conference calls to anyone else on Skype.

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$35 Computer in India is World’s Cheapest

A $35 Computer has been launched by India’s Ministry of Human Resource Development as part of their program to provide high quality education to all Indian children. 

The $35 computer that will run on the Linux operating system will be Internet accessible, have web browsing, basic word processing and video chat capability.

India unveiled the prototype of the $35 basic laptop computer device in New Delhi on July 22. The ghetto Ipad uses a memory card instead of a hard disk and buyers will be able to purchase an optional solar power upgrade.

Cheap Computer =$35  Free Wisdom = Priceless

The touchscreen tablet $35 computer is aimed at students and will be in full production by 2011. It looks like an iPad, only it’s 14 times cheaper.

India plans to subsidize the cost of the tablet for students, bringing the purchase price down to $20.

This is India’s answer to MIT’s $100 computer, which Indians found too expensive. They developed their own cheaper alternative.

India, besides offering the world’s cheapest car [Nano $2100] at $35 this is the world’s cheapest computer.

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