ulyssesonline.com

I’m one of the 2.2 million customers of Vonage, the telecommunications company that offers telephone services through the internet. Verizon has sued Vonage for infringing over five of its patents. A jury earlier this year awarded Verizon $58 million in damages and ordered Vonage to stop using its technology. Vonage is currently working on an alternative, but raises concerns if it’s able to meet the deadline.

Majority of the company’s $607.4 million in revenue last year came from charging customers with monthly subscription fees of about $25. How’s the market responding? Not good. Vonage has lost more than $720 million since going public, $338.6 million from last year alone. The company’s stock priced at $17 in the IPO last May has plummeted down to more than 80 percent at the close yesterday at $3.31.

I hope the best for Vonage since I like their service. The price is perfect at $25 per month. What’s the alternative? Well, Comcast offers $39 for existing Comcast cable and high speed internet users. It’s $55 per month if you just want Digital Voice service alone. Comcast does offer a promo for $33 dollars each for the three services of television cable, high speed internet and telephone service for a grand total of about $99 per month. Then, there’s always AT&T’s landline.

(No Ratings Yet)

 Loading ...