September 04, 2006
Vonage Reaches 2 Million Customer Milestone
IP & Democracy has their take on a New York Times interview with Jeffrey Citron, co-founder, chief strategist and former CEO of troubled hard VoIP provider Vonage. An earlier post from us indicated that they were still #1 in the VoIP market. Citron, who at one point had paper assets of a half billion dollars, ceased to be the CEO in February due to problems with the SEC (US Securities and Exchange Commission).
Interestingly, we reported back in Sep 2005 that Vonage might be the next target of takeover in the VoIP industry, after eBay purchased Skype for around US$2.6 B. I was not myself aware of this until now, but I've been saying the same thing for months. Now that Vonage stock has been showing some signs of life lately, maybe something interesting is afoot.
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