voip
Is Vonage Turning The Corner?
Filed in archive Companies by Dameon Welch-Abemathy on February 19, 2008
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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?

Permalink: Is Vonage Turning The Corner?
Tags: vonage  voip  forbes  quarterly+results  2007  turning+corner  vonage+turning  voip+services 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/114167
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