February 25, 2007
Vonage Passes One Year IPO Anniversary
On March 23rd, troubled VoIP provider Vonage passed their one year anniversary for going public, and their stock price has yet to improve. While recently developments such as Vonage pre-paid calling cards and possibly a service called Vonage Wireless might help boost their stock price, not everyone is holding out hope.
I've been saying from the very beginning of Vonage's stock price drop that there's a very real possibility that it was orchestrated by legacy telco interests so that Vonage could be bought out cheap. I still subscribe to that theory. If the stock continues it's trend, it's in a very real danger of becoming a penny stock that pretty much anyone could pick up for a song.
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