VoIP Provider Vonage Planning IPO?
SixDimensionalArray writes "The
rumor mill is exploding with stories that large voice-over-ip (VoIP) provider Vonage is planning an initial public offering to raise nearly $600 million. This information is interesting coming out not long after Google's recent release of Google Talk, which overs instant messaging/VoIP services PC-to-PC as well as a surge in marketing by VoIP providers such as Covad and Skype. Could this be yet another bubble?"
An IPO would do more than just give Vonage capital to reinvest in infrastructure and R&D, it would bring a tone of legitimacy to the VoIP industry and Vonage as a company.
I replaced my Bell land line with Vonage almost two years ago. The service has been similar to cell phones as far as a few growing pains in the first months with packet dropping (due to my cable modem I found ou t- a replacement fixed the issues!)
But in the past year, the only complaint has been one time when I happen to be downloading some large torrents and the wife was unhappy about her phone conversation quality.
Plus it is far less expensive than a land line, and portable which allows me to vacation six states away and be reachable on my home phone line...and even better...make calls from it too.
I only came here to do two things; kick some ass, and drink some beer...looks like we're almost out of beer.
They're called packet switches and Verizon is migrating their TDM network to them. http://www.networkworld.com/edge/news/2002/0710ver izon.html