November 24, 2006
Survey Says - Vonage IPO A Dud
Is it a surprise that readers of Light Reading's recent poll IP communication IPOs voted Vonage's IPO (Initial Public Offering) a dud? It's had enough media coverage, and the stock has been a real dog. It's kind of a no brainer, and part of the reason some shareholders petitioned for a deferral in SEC rules. But when asked when who they favored for success on their IPOs, Riverbed Technologies, a company I hadn't heard of, took the lead. For upcoming IPOs, Opnext Inc. took the lead.
Now keep in mind that Light Reading's readers are fairly informed in the area of IP communications, many more so than I. So I'm not suprised to find quite a few companies - many of whom develop IP hardware - on the survey list that I know nothing about. But if you ask my opinion on which soft VoIP company has a lot of potential in the future, I'd have to say SightSpeed, for their video calling and their free video click-to-call web functionality. Of course, to be successful in an IPO, SightSpeed will need to be able to actually monetize their great video VoIP offering, which CEO Peter Csathy blogs about quite often. And his is a great example of quality corporate blogging.
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