Vonage

  • Vonage

    Vonage Gives Itself Away

    It’s been a while since we said anything at all about Vonage. Mostly because we were starting to feel like rubber-neckers staring at a car accident. And there was no-one left to convince that the company was screwed on crack, toast, over. Well, apparently they still exist. But not in a money making way. This […]

    / Oct 17, 2007 at 12:33 PM
  • bankruptcy, Companies, Vonage

    Vonage: Okay, Yeah, We Might Be Toast

    Vonage warned yesterday that it’s troubles with Verizon have it teetering on the edge of bankruptcy, more or less prompting everyone in the world who doesn’t own stock in the company to say “we told you so.” Even as Vonage went public last year, skeptical observers and short sellers have been tearing into the company’s […]

    / Apr 19, 2007 at 2:32 PM
  • Vonage

    Vonage Is Very Disappointed In You

    Vonage’s chief executive, Mike Snyder, wants you to know that he’s very disappointed in your stupidity. How dare you sell his stock? “The fact is we’ve been preparing for this verdict and the possibility of an injunction for months,” Snyder added. “For the market to react the way it did to the recent rulings shows […]

    / Mar 26, 2007 at 11:58 AM
  • Vonage

    Vonage: Screwed, Wrecked, Toast and Now Enjoined

    If you can find one, go ahead and pick up a Vonage phone. That’s not a dial-tone you hear. It’s a flatline. We’re not ones to gloat. Oh, wait. We totally are. We’ve been talking about how Vonage is screwed for as long as we can remember. Even our Vonage graphic spells it out. It’s […]

    / Mar 23, 2007 at 4:05 PM
  • Vonage

    Hey Look! USA Today Found Someone Who Doesn’t Think Vonage Is Screwed

    Unfortunately, he’s the CEO of the company so he would have to say that anyway.

    / Oct 4, 2006 at 12:00 PM
  • Vonage

    Vonage Investors Get Letters Telling Them To Pay Up Or Else

    The New York Times is reporting that brokerage firms are sending letters shaking down holdout Vonage investors who haven’t yet paid for their shares. Vonage Holdings investors who have balked at paying for shares they bought in the company’s initial public offering, now worth less than half of the original price, began receiving letters this […]

    / Sep 13, 2006 at 9:43 AM
  • Vonage

    Is Vonage Worthless?

    We’re ending our moratorium on Vonage—there were only so many times we could say Vonage was screwed/on crack/toast—to bring to your attention Nickel Capital’s Mark Langner analysis arguing that “there is no value to VG equity as a stand alone entity and little value as a takeover target.” The problem with Vonage is that its […]

    / Sep 11, 2006 at 11:37 AM
  • Vonage

    Is Vonage Still Screwed Despite Screwing Customer-Investors?

    We mentioned it this morning, but now you can read Charlies Gasparino’s report on Vonage straight from the source. Shortly before 1 PM it got posted to the SquawkBlog. Charlie spells out a few additional points that are worth noting, especially the lack of any hard numbers. Most analysts, however, are unimpressed. What is unclear […]

    / Jul 13, 2006 at 2:06 PM
  • Vonage

    How Many Vonage Customer-Investors Paid Up?

    Under Vonage logic, it is apparently a good thing when your customers suddenly lose lots of money. CNBC’s Charlie Gasparino reported this morning that something like sixty to seventy percent of Vonage customers who signed up for the IPO under the company’s special offer that let customers participate in the offering have paid up for […]

    / Jul 13, 2006 at 8:46 AM
  • Vonage

    Vonage Gets Hit By Its Underwriters’ Analysts

    Everyone hates Vonage, even the people who sold you the stock. Feel suckered? Too bad. Thems the rules. As Henry Blodget explains: A month after the deal was shoved into the hands of customers and others at $17, it is trading at $8.25. And now, in an action that demonstrates the drawbacks of the “new […]

    / Jul 6, 2006 at 10:34 AM
  • Vonage

    Vonage Gets Toasted

    Vonage spokeswoman Brooke Schulz tried to rebut an analyst who recently said the company might be “toast.” But as far as we can tell, her comments have only helped draw attention to the analyst’s assessment and the “toast” metaphor. Especially here at DealBreaker, where we have taken the extraordinary step of modifying our “Vonage-Screwed-On-Crack- And-Freefalling-Stock-Chart” […]

    / Jun 22, 2006 at 2:19 PM
  • Vonage

    New Position at Vonage

    File this one under “jobs you couldn’t pay us enough to do”: Vonage America today announced that it had named Craig A. Streem as Senior Vice President of Investor Relations for the company. This is a new position that will report directly to Vonage CEO, Mike Snyder. Vonage Appoints SVP of Investor Relations [VOIP Magazine]

    / Jun 21, 2006 at 4:29 PM
  • Vonage

    More problems at Vonage

    Vonage shares are now down to almost half the IPO price following two additional bits of bad news. Today Vonage said that it is being sued for patent infrigement related to its internet phone technology by a division of Verizon. On Friday Vonage was forced to retract an earlier statement that the Federal Trade Commission […]

    / Jun 19, 2006 at 11:11 AM
  • Vonage

    Vonage Offering Discounts to Existing Customers, Pushing Share Prices Down Even Further

    Vonage shareholders saw the price of their shares drop even further when analyst at Pali Research downgraded the stock after discovering that the voice-over-internet phone company was offering existing customers a discount rate of $19.99 to convince them not to switch carriers. New customers are currently asked to pay $24.99. The discount seems to indicate […]

    / Jun 15, 2006 at 2:33 PM
  • Vonage

    Vonage: Class Actions Up, Stock Price Down

    Barron’s Tech Trader Daily reports on the burgeoning number of class action lawsuits related to the Vonage IPO. We’re up to nine now, which means that any day the price of Vonage shares will sink below the number of class action suits against it. Vonage (VG) Class Action Tracker: We’re Up To 9Tech Trader Daily

    / Jun 15, 2006 at 9:01 AM
  • Vonage

    YouTube Diligence

    We’re betting a lot of folks who bought Vonage shares in the IPO wish they had seen this video of a customer reacting to his experience with the service. The last thirty seconds are the best part.

    / Jun 8, 2006 at 2:36 PM
  • Vonage

    That Vonage Complaint, Part II

    Yesterday we provided a quick summary of the Vonage complaint, together with a downloadable pdf of the entire complaint. Today we learn from Business Week’s columnist Tim Mullaney that at least part of the complaint was based on a typo! In federal court filings, plaintiff’s firm Motley Rice LLC claimed underwriters led by Citigroup took […]

    / Jun 6, 2006 at 3:07 PM
  • Vonage

    The Amityville Horror House of Financial Scandal?

    A friend of DealBreaker has reminded us that Jeffrey Citron, the former CEO of Vonage and a major shareholder, bought the house of Robert Brennan, the fallen financier whose bankruptcy case was brought to a conclusion in March after more than a decade in the courts. Citron bulldozed the property on Linden Lane in Monmouth […]

    / Jun 5, 2006 at 4:37 PM
  • Vonage

    That Vonage Complaint

    DealBreaker has obtained a copy of the complaint against Vonage. The complaint accuses Vonage, its directors and its underwriters of violating securities laws and improperly selling shares to customers. “ The lawsuit claims that the sale of shares to customers in the IPO violated NASD rules requiring issuers to consider whether purchasing the shares is […]

    / Jun 5, 2006 at 4:00 PM
  • Vonage

    The Inevitable Vonage Class Action Suit

    Well, that took longer than expected. Vonage Holdings Corp., the Internet phone company whose shares have fallen 30 percent since their debut, was accused in a class-action lawsuit of violating securities laws and improperly selling shares to customers. The suit was filed June 2 in the U.S. District Court in New Jersey by Mount Pleasant, […]

    / Jun 5, 2006 at 10:25 AM
  • Vonage

    Unscrewed: Why Vonage Won’t Sue Its Customers

    Vonage and its underwriters anticipated that some customers might not pay for the shares they agreed to buy in the IPO, the Wall Street Journal reported yesterday. Registration documents filed with the SEC make clear that nonpayment was anticipated, and that Vonage agreed to purchase the shares. The plan was spelled out in Vonage’s registration […]

    / Jun 1, 2006 at 12:35 PM
  • Vonage

    Screwier and Screwier

    So now Vonage is “demanding” that customers who agreed to buy shares in last week’s IPO pay up for the shares. “Demand” is such powerful word. “Demand and two-bucks will get you a subway ride. Hold on. We’re getting ahead of ourselves. Flashback a couple of days. As the world shuffled back into focus on […]

    / Jun 1, 2006 at 10:02 AM
  • Vonage

    Vonage Resists Telecom Stock Rise

    On a day when telecom stocks generally went up, Vonage managed to drop more than ten percent. Nyquist Capital is predicting that the class action lawyers are probably already preparing lawsuits. I’ll be the first to call it – the class-action attorneys are going to try and monetize the Vonage customer class of shareholders that […]

    / May 25, 2006 at 2:22 PM
  • Vonage

    Vonage Syndicate: Screwed-er Than Thou

    Andy Kessler writes in, joining the Vonage-bashing fray, and explaining the full extent of the screwed-ness: When you use retail to price a deal, you are always asking for trouble. The syndicate dude at Citigroup lost the poker game–he stupidly tried to signal that the deal was over-subscribed, but only raised the number of shares, […]

    / May 24, 2006 at 11:47 AM
  • Vonage

    Is Vonage Screwed? Part III

    On Seeking Alpha, Venture capitalist Kevin Chou compares Vonage to Pets.Com, writing: Vonage (VG) is a horrible IPO to invest in. Avoid it like a rabid dog stumbling down your street. The company is nowhere near turning a profit, is spending crazy amounts of money on advertising (Super Bowl ads with sock puppets, anyone?), and […]

    / May 24, 2006 at 10:35 AM
  • Vonage

    Is Vonage Screwed? Part II

    Eddy Elfbenbein points out that Vonage has admitted it may never, ever be profitable. Check out this gem from a Reuters article on Vonage: Vonage has acknowledged that it may never be profitable and is viewed with skepticism by many analysts, who cite the growing competition it faces in providing voice-over-Internet protocol (VoIP) services. “We […]

    / May 23, 2006 at 2:28 PM
  • Vonage

    Is Vonage Screwed?

    Andy Kessler predicts that Skype is going to sucker punch Vonage just before their IPO–and Vonage is already hurting: The buzz on the Street is that the Vonage IPO is on the rocks. They HAVE to raise money or they are in a world of hurt. Their investors don’t want to put another penny in […]

    / May 16, 2006 at 10:27 AM

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