Skip to content

Is Vonage Turning The Corner?

vonage.gif

VoIP News points to a Forbes article on how Vonage's financial situation, despite all the lawsuits, is improving. Some highlights from the interview:

  • Vonage is generating $10.52 in "cash flow" per subscriber.
  • $253 million in debt that may need to be repurchased in December 2008 unless the company can get it refinanced.
  • $190 million in cash on-hand.
  • Company now operating at a profit, at least on an operational basis.

It sounds good on paper, of course, but I'm failing to see the draw-or the innovation. The new features they're adding? Me too. Even if they are turning the corner, I think they're ultimately going head-first into a brick wall.

What do you think?


Post a Comment

Your email is never published nor shared. Required fields are marked *