And the winner in the race to the bottom - Vonage
I can't begin to write this story, so I'm going to quote my friend Russell Shaw instead.
Did you ever REALLY think Vonage stock would go below $2 a share?
Well, it has happened.Happened today.
Remember in a universe long ago and far away (nearly 18 months ago) when Vonage stock kicked off their IPO at $17.50 and public sale at $17.00 a share?
Since then, the backsliding has persisted. Investors have ignored all of those whistling-past-the-graveyard Vonage announcements about increasingly higher percentages of E911 coverage, new features, more heavily discounted pricing, etc.
Then, Vonage’s pickup of more than 10,000 orphaned SunRocket subscribers didn’t seem to matter to investors either.
Today, reality struck. The stock finished at less than $2 a share.
[Read Russell's full post]
I've made my opinion of Vonage reasonably clear from the beginning. They were never a value proposition that made sense. They weren't innovative VoIP. They were alternate dial tone at best. They didn't lead in anything except spending money to buy customers.
They had potential, but never tapped it.
They have however....won race to the bottom.
Technorati Tags: Vonage, VoIP, race to the bottom
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Comments
Ken -
I've read yours and others' opinions about Vonage, but I keep using it because its the only service I've found that will successfully work with my FAX machine (which is the only reason I have it). Do you have any suggestions for another VoIP service that will work with my FAX? Neither me nor my wife like the on-line "eFax" ideas -- for the same price as Vonage we get FAX service that's harder to use.
/Greggo
Posted by: Greg Shields | August 3, 2007 6:40 AM
Greg, thanks for stopping by. Haven't talked to you lately. I know the problem, but can't offer a good solution. In addition to all the VoIP things I have, and multiple cell phones, I maintain two POTS lines to the PSTN as well. My fax machine just sits on a POTS line. Maybe someone else will chime in with a suggestion.
Posted by: Ken Camp | August 3, 2007 10:01 PM
Greggo,
Packet8 has a solution specifically for faxing. It it 100% friendly to the T.38 fax protocol.
2 plans, 1 is $10.00 the other is $15.00
Adam
Posted by: Adam Geffner | August 7, 2007 8:43 PM