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Investers say no to Vonage IPO
Vonage shares are down significantly following the company's IPO, dropping by a total of 23.5 per cent in the first two days of trading.
It's shouldn’t be too much of a concern for Vonage, as the company already has cashed in its $531m. But it looks like future sales aren't an option any time soon.
It furthermore appears that Vonage's spam campaign to lure in subscribers didn't result in any material demand for the stock either.
For a company that sells an intermediary technology that everybody knows will be gone in a few years, Vonage makes for a lousy investment. For a company that charges for a product that Skype gives away for free, Vonage makes for a lousy investment. For a company that was founded by a convicted criminal, Vonage makes for a louse investment.
Buy lottery tickets instead. At least they benefit some charities.
May 25, 2006 at 10:23 PM | Permalink
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» Los inversores no respaldan a Vonage from Silicon Valley Sleuth ES
Las acciones de Vonage han bajado significativamente en un total de 23,5 por ciento en los primeros dos días de venta de su tecnología. No debería ser preocupante para Vonage, ya que la compañía ha ganado 531 millones de dólares.... [Read More]
Tracked on 30 May 2006 12:10:02
Comments
holy bagholder, batman!
it seems as though ever since the dot com bust, IPOs of companies that lose lots of money every quarter don't do very well.
Posted-by: Chris | 25 May 2006 23:21:54
you rule!
Posted-by: shawn | 26 May 2006 21:42:51
Spanish
