Vonage has probably been kicked around as much as any public company. After an IPO at $17, the shares moved to $6.30 and has been under $7 for some time
Maybe the company’s latest move will actually help climb back out of its hole. Vonage has linked up with Earthlink to offer high-speed internet access with its voice over IP service. The Earthlink broadband is a WiFi product that is still being roled out.
One of the knocks on Vonage has been that it competes against cable companies that can offer VoIP, broadband, and TV. Vonage can only offer phone service, which probably does put it at a disadvantage.
The trouble with the partnership is that it really does very, very little for Vonage. The Earthlink product is in its infancy and may not be in large cities for a number of years.
Suppose they gave party and nobody came.
The move certainly won’t do much to help Vonage’s troubled shareholders.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Top Gaining Stocks
Top Losing Stocks