>Hi,
>
>Is Google Hangouts pretty much like Skype? where you can have a video conference with a person?
>
>Do you install Hangout as a separate application or you run it from within Chrome?
>
>Are there any possible security issues with Hangouts?
>
>TIA

I use Google Hangouts with some clients. Overall I like it. I'm not aware of security issues, but I'm not a security expert.

I am not a Skype fan (forced to use it for one client, but I don't care for it). If you are looking for video conference capability, I'd pick Hangouts over Skype.