TelephonyBuyersGuide

Vonage proves that some people still manage companies as if they're still in the Internet bubble...

Vonage IPO'd to a resounding yawn. Shares fell some 13% from offering price.

After tracking this company loosely for some 3 years, I always saw them as wishing that the Internet bubble never burst. News flash... you can't spend 2 to 3 years worth of revenue to acquire a customer when your churn rate is shorter! Adding insult to injury, most people feel that the Internet phone call business either should be or will be free.

Well, it appears as though the market has figured the strategy to be something similar to my thoughts. Either that, or they too hate the condecending commercials and stupid jingle.

Your thoughts?

Thanks!

Mark

posted by TelephonyBuyersGuide @ 9:02 PM