You sure went out of your way to sound not very smart about VG's patent portfolio.
Thanks. I just missed out (by about a week) on the Mitel/Aastra deal. Currently holding VG and added more SHOR. Plan to hold SHOR until earnings (~27 Jan). Hoping to see it go to $10+ and at that time will consider adding more VG. VG's ready to explode and I hope to take FULL advantage of it. Good luck!
"business model needs a refresh" FYI: The company just bought Vocalocity and inherited 23K SMB customers in the process, launched Basic Talk in May, Brazil partnership, etc, etc.
Congrats, Pac. Sure wish that I hadn't sold at $4.60. Still don't know what the hell I was thinking. Held 10K shares of MITL for over a year. I should sell VG now, then sit back and watch the share price rise to $10 one week later. Never fails. Good luck anyways.
Several VoIP providers are involved in a limited test whereby they get direct access to telephone numbers. To get an idea of what the results may be, Vonage has already released some data. In a recent white paper, TransNexus said the Vonage data shows it has reassigned over 80,000 numbers. They came from other carriers via port-ins.Also, there were no routing failures during the Vonage test. All port-ins and port-outs were successful, too. And some 572 new phone numbers were put into service.About the only controversy came when Vonage reported a dispute with CenturyLink. It told Vonage it would only exchange traffic with Vonage if Vonage purchased dedicated TDM trunks in Phoenix and entered into an agreement with CenturyLink for the exchange of TDM traffic. In response, Vonage terminated the trial in Phoenix, where CenturyLink is located. It chose instead to port 30,000 numbers in Atlanta and Boston, TMCnet reported.The idea behind the test was the FCC wanting to see what happened if VoIP providers could get access to numbers without the use of a middleman, in this case a competitive local exchange carrier (CLEC). The test should be concluded soon, with SmartEdgeNet, WilTel, IntelePeer and Millicorp also taking part. Each will likely want to minimize the need for CLEC involvement.“By eliminating the need for many of the middleman functions, VoIP peering will dramatically change the role of wholesale service providers in the interconnection process, as well as the role of retail service providers for enterprises,” TransNexus explained in the white paper. However, the CLECs have a different view."The one thing to understand is that the need for the CLEC that has the PSTN [public switched telephone network] infrastructure doesn't go away because you can get numbers issued directly to you," John Abraham, senior vice president at Shango, a wholesale communications provider, was quoted by the white paper. “Their physical network facilities are still going to be critical t
FYI: more insider buying at EGHT 25K at $9.49 reported this a.m. And Vonage Business Solutions adds hundreds of more net customers per quarter than 8x8.
Agree that VG is on the verge of exploding. My concern is that Citron's selling will put a damper on any explosive movement upward. I could very well be wrong though. Seriously thinking about adding more at these prices. Not much downdside.
Great Mitel earnings analysis. I held MITL for well over a year and sold right before the Aastra announcement. Wish I hadn't sold. Their debt was a concern, work force lay off ~2/3 of workforce (900) a few qtrs ago (shift in focus to the cloud), their inability to execute on large orders, outdated equipment and poor margins were the negative things that steered me to sell and add to SHOR. All just my opinion. They're a different company now though (with Aastra). Sir Terry Mathews seems to know what he's doing and he's got a lot invested in the company. Hey, right now at this moment in time I don't think you can lose with any of these established SMB/SME players. Look at the EGHT insider with his 30K buy at over $9. What's that say about 8x8's competitor, VG/Vocalocity? Vocalocity added 500 more net new customers than 8x8 during first 6 mos of the year and Lefar claims they doubled their sales. I'm definitely considering buying more VG. Good luck!
Yahoo keeps jacking up my posts. What I wrote was...Vonage has the residential, SoHo and under 20 seat SMB market. Now they should team up with Shoretel and go after the over 50 seat SME market.
The new FCC chairman seems to be on the side of VoIP. Yeah, I don't trust AT&T one bit. I gave them a lot of money through the years. I remember a few $600/monthly AT&T phone bills back in the day. I was overseas and long distance calls used to cost a fortune. These over-the-top players like Vonage must be a real thorn in their side. Good! That's why I initially became interested in investing in VoIP and bought shares of Packet8 back in 2003. I couldn't stand the damn phone company.
Hey, on a side note...SHOR was screaming yesterday! It's up around 12% in the last 2 days. Looks like MITL, SHOR, and EGHT are roughly being valued the same. Go figure. As you know, Mitel is a lot different than the SHOR and EGHT. I think we'll see some more consolidation though not just within Mitel, but also Shoretel, 8x8 and Vonage. Vonage has the residential, SoHo,
I think the fact that one shareholder owns 22 million shares and sells ~half of a million every month causes a lot of downward pressure on the share price. Not to mention all the stock options that insiders have been granted, purchase and immediately unload. It's a win-win situation for them. They don't mind if it takes 1-2 more years for VG to hit $6/share. They'll keep dipping into the cookie jar until then. No worries...common shareholders will have to wait their turn though.
Vonage sales channel is an ASSET that should be considered too. How much is that asset worth? That's the real game-changer for any Vonage acquired company to get their product to market more effectively.
Great video/interview. The interviewer hinted at other acquisitions and I wouldn't doubt it if there weren't another acquisition in the near future.
Lefar always mentions goes out of the way to discuss mobility too. Wouldn't doubt it if something new and innovative comes out of Holmdale in regards to mobile VoIP.
Thought seriously about doubling my position the other day when VG was $3.15. Still incubating the thought.
It'd be nice to see some of the VG insiders buy some stock like an EGHT insider just did. 30K at $9.25. That's some serious positive reinforcement. Just saying. If they (VG insiders)buy more, I'll buy more.