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Sharp drop raises questions about Vonage's long-term potential.
Byline: Eric Benderoff and Mike Hughlett
CHICAGO _ The disappointing Wall Street debut of what might have been the next high-tech darling offered a startling look at how fast opinions can change in the digital age.
Until Wednesday a buzz surrounded Internet phone provider Vonage Holdings Corp., which offered a promising technology that could radically alter how people communicate.
But on its first day of trading, Vonage was judged to be just another company peddling a me-too commodity. Met with tremendous skepticism, its initial public offering tumbled nearly 13 percent. Shares that were priced at $17 on Tuesday evening shed $2.10 to close at $14.85.
"The biggest concern investors have, and the biggest problem I have, is the level of competition in the voice telephone business," said Todd Rethemeier, a stock analyst at Soleil Securities.
Investors…
- Verizon accuses Internet phone carrier Vonage of VoIP patent infringement.
- News wire article from: The America's Intelligence Wire June 19, 2006 700+ words
...has charged that Internet phone carrier Vonage Holdings Corp. violated...to comment further. Vonage stock dropped more...Verizon charged that Vonage is infringing on at...its patents regarding Internet phone service, a technology...
- Internet phone provider Vonage sees loss deepen 17 percent.
- News wire article from: The America's Intelligence Wire August 1, 2006 700+ words
...report as a public company, Internet phone provider Vonage Holdings Corp. said Tuesday...the multiple challenges facing Vonage, which raised $531 million...recently lingering below $7. Vonage's loss from April through June...
- Jury orders Internet phone carrier Vonage to pay $58 million to Verizon in...
- News wire article from: The America's Intelligence Wire March 8, 2007 700+ words
...federal jury on Thursday found that Internet phone carrier Vonage Holdings Corp. had infringed...Inc.'s patents and ordered Vonage to pay $58 million (A44 million...it was more in line with what Vonage had suggested _ if the New Jersey...
- Vonage makes big marketing push online; Internet phone service provider faces...
- Magazine article from: BtoB Cuneo, Alice Z. September 13, 2004 700+ words
...and cable networks, Internet phone service pioneer Vonage Holdings Corp. is...allow users to access Vonage service at WiFi hot...a natural for the Internet phone company. "We embrace...others because to use Vonage, you need broadband...
- Internet phone carrier Vonage was ordered to pay Verizon $58 million plus 5.5%...
- Magazine article from: Risk Management May 1, 2007 700+ words
Internet phone carrier Vonage was ordered to pay Verizon $58 million...injunction was also issued to stop Vonage from using the disputed technology...service of its 2.2 million customers. Vonage is also facing a similar patent infringement...
- Internet-phone firm Vonage wins FCC ruling.
- Newspaper article from: Dallas Morning News (Dallas, TX) November 10, 2004 700+ words
...was expected to be a big victory for Vonage Holdings Corp., will also benefit cable...the commission left questions about how Internet-phone firms comply with 911 rules and telephone...consumers who make phone calls using Vonage and other net services must be protected...
- Klausner Technologies sues Internet phone company Vonage Holdings for alleged...
- Magazine article from: Telecom Asia August 1, 2006 700+ words
Klausner Technologies sues Internet phone company Vonage Holdings for alleged patent infringement, seeking damages and royalties it said were worth $180m.
- US - Vonage, Motorola unveil VT2442 internet phone adaptor.
- News wire article from: The America's Intelligence Wire March 30, 2006 700+ words
...Americas (Was RDSL Americas)) Vonage Marketing and Motorola have unveiled the Motorola VT2442 internet phone adaptor with router, a four-port...internet phone adaptor configured with Vonage's service. The device is now available...
- Internet phone provider Vonage shares drop in NYSE debut.
- News wire article from: The America's Intelligence Wire May 24, 2006 700+ words
...Worldstream) Byline: CONSTANT BRAND Shares of Vonage Holdings Corp., the Internet telephone...middle of the expected range. Shares of Vonage fell 70 cents, or 4 percent, to $16...VG." In earlier regulatory filings, Vonage said it had expected to sell the 31...
- Internet phone provider Vonage shares veer down in NYSE debut.
- News wire article from: The America's Intelligence Wire May 24, 2006 700+ words
...Byline: DONNA DE LA CRUZ Shares of Vonage Holdings Corp., the Internet telephone...year. In earlier regulatory filings, Vonage said it had expected to sell the 31...Internet Protocol, or VoIP, service. Vonage subscribers plug their phones into adapters...
Source: HighBeam Research, Sharp drop raises questions about Vonage's long-term potential.
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