Final Nail in the Vonage Coffin?
Written by dean on Sep 26, 2007 - 04:34 PM
The market has reacted badly to news of Vonage losing out in the Sprint/Nextel patent litigation and winding up with a $70m bill as a result.
The stock has sunk to a record low of $1 as at the time of this posting.
As an obvious supporter of the technology, it's saddening for me to see an ITSP go under. The graveyard of the "could have beens" is getting ever fuller.
That said, there is a lesson to be learned here, and one that has been preached for years now - not just by me, but by the likes of Om Malik, Andy Abramson, Jeff Pulver etc etc... cheap minutes doesn't cut the mustard.
The only way to win in this game is to innovate.
The stock has sunk to a record low of $1 as at the time of this posting.
As an obvious supporter of the technology, it's saddening for me to see an ITSP go under. The graveyard of the "could have beens" is getting ever fuller.
That said, there is a lesson to be learned here, and one that has been preached for years now - not just by me, but by the likes of Om Malik, Andy Abramson, Jeff Pulver etc etc... cheap minutes doesn't cut the mustard.
The only way to win in this game is to innovate.
Reply from dean on Sep 27, 2007 - 08:56 AM
http://feeds.feedburner.com/~r/saunders/~3/161780300/
Any Stock Exchange Rules experts here? At what point does Vonage lose its listing on the NYSE? I had always thought that stock price had to be above $1 to retain a listing? Is Vonage stock going to be halted out of trading altogether?
| Forum Rules and Guidelines | About VoIP User | Privacy Policy |
All logos and trademarks in this site are property of their respective owner. Comments and posts are property of the poster, all the rest (c) 2003-2008 VoIP User Limited. VoIP User Limited is incorporated in England and Wales under Company Number 6694577. No part of this site may be reproduced without our prior consent. |
