Didn't I acknowledge already repeatedly that the future of value of Skype will increase?
But currently for the purposes of calculating Ebay's SKYPE investment ROI at this SNAPSHOT in time was near breakeven? I'm valuing the investment at this point in time. There is no such thing as deferred goodwill unless you can prove it to me. Goodwill gets valued at the time of transaction and should the business grow in the future that goodwill get revalued at time of a sale.