More problems at Vonage

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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 had ended its probe into the compaqny's compliance with 911-emergency compliance.
In other news, Vonage continues to decline to adopt our "screwed on crack with share price free-falling" graphic as part of its official branding strategy.
Vonage Press Release [via Yahoo Finance]

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