The sound of Skype

What is actual sound of "Skype", which is one of the famous internet voice phone service.

Some of Chinese friends around me keep sounding "Sky-py" or "Sky-Pee", but I believe American doesn't sound "pee".

One of example sound is from one of Ted presentations: http://www.ted.com/talks/david_pogue_on_cool_phone_tricks.html

He sounds "Sky-ee-p" or "Sky-ip".

One of rules on English sound is that if "e" follows any consonant, the sound of "e" comes first.

Examples are "Swipe", "Plane" and "Pane".