The death of Vonage VOIP?, page 1
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Topic started on 6-4-2007 @ 11:10 AM by makeitso
Vonage gets hit hard in judgement. Will it fold and go the way of the Dodo?

Judge mandates that Vonage cannot sign up any new customers.

ALEXANDRIA, Va. - A judge issued an injunction Friday that would bar Internet phone carrier Vonage from signing up new customers as punishment for infringing on patents held by Verizon Communications Inc.

Last month, a jury in Alexandria, Va., found that Vonage infringed on three patents held by Verizon. The jury awarded Verizon $58 million plus future royalties of 5.5 percent on revenue obtained through continued use of the infringed patents.

On March 23, judge Hilton went even further, issuing a permanent injunction barring Vonage from further use of the patented technology. He said royalties were insufficient given a competitive climate in which Vonage continues to gain subscribers at Verizon's expense.



reply posted on 8-4-2007 @ 01:06 PM by SmallMindsBigIdeas
Originally posted by makeitso
It would be a pain to change.

But it would be worse if you have your 401K tied to their stock. It has taken a serious nose dive.

finance.yahoo.com...



Hmm now or in a few months might be the time to buy. I believe Vonage will rebound over the next few years .. they have some appeals left. May take a few years but if you van get in on the cheap now might not be a bad idea.


reply posted on 13-4-2007 @ 09:24 AM by makeitso
Vonage CEO resigned effective immediately.

Vonage also announced that they will be reducing the number of staff by 10%, and cutting their marketing budget by $110 million dollars.

Things aren't looking up for the leading Internet telephone provider and its 2.24 million subscribers.

For a while there it looked like VOIP was going to rival, maybe even overtake the major landline telephone companies. Until now.


Vonage chief executive Michael Snyder has resigned

Snyder joined the company shortly before it went public in May. Since then, Vonage's stock price has tumbled by more than 80 percent

industry analysts said, Vonage would have trouble surviving if it is banned from using the disputed technology.

Citron said the company is trying to design alternative techniques to continue serving its customers. "It is important to remember that such workarounds will take time," he said.



reply posted on 26-9-2007 @ 08:35 AM by makeitso
The death of Vonage? Latest report

Vonage Hit With $69.5M Judgement

Vonage Holdings Corp. was ordered in federal court Tuesday to pay Sprint Nextel $69.5 million in damages for infringing on six telecommunications patents owned by competitor Sprint Nextel Corp. In addition to the damages, jurors awarded Sprint Nextel a 5 percent royalty from Vonage on future revenues. It was the second verdict against Vonage this year.

the decision 'feels like a death knell' for Vonage.



reply posted on 9-10-2007 @ 07:07 AM by JacKatMtn
The latest on Vonage,

$80 M settlement to Sprint/Nextel and a licensing deal for Vonage to use the Sprint Internet technology:

A Settlement by Vonage Over Patents

...The news buoyed the price of Vonage’s stock amid optimism that the settlement would eliminate one of several clouds hanging over the company. Its shares jumped 123 percent to close at $2.57. The price is still down 63 percent for the year.

Last month Vonage was ordered to pay $69.5 million in damages to Sprint after a jury found that the company had infringed on six of its patents. The settlement with Sprint includes a $35 million payment for the past use of patents, $40 million for future use and $5 million in “prepayment for services.” ...



I thought this would have been the end for Vonage, but it looks like they will be fine having worked out a settlement deal .


reply posted on 9-10-2007 @ 08:59 AM by BlueTriangle
I was a Vonage customer for around 4 years until 2 weeks ago when I switched. I was happy with the service for the most part, until the end. The reason I switched is because my wife got a job with the cable company and they offered us a drastically reduced price for switching to their VOIP since she works there.

After the phone switched, I called Vonage to get my account disconnected. This was two days before my billing date. I was on hold for 15 minutes and when I finally got a person I was told to call back in an hour because their computers were being worked on. I called back in an hour and was told that their computers were down and I needed to call back tomorrow. I call back the next day and I'm informed that they are upgrading their computers and I need to call back in two hours. I call back in two hours and I'm told that their computers are down and I need to call back tomorrow. I explain to the CSR that I haven't been using my service for several days, I've been bounced around their call center for the last two days, and I need to cancel my account before tomorrow so I don't get billed for another month. No help whatsoever. So, I call again the next day after getting billed for another month and, surprise surprise, their computers are down. At this point, I took a few days off and vented to everybody I know that Vonage customer service is piss poor. Two days later, I called back and their computers were finally working. I cancelled my account after answering about 20 minutes worth of questions about why I was leaving. The kicker? even though I hadn't used my service in well over a week and not at all in the current billing period AND even though it was their fault that my account wasn't cancelled 5 days ago, I got zero refund on the new month.

In short, Vonage's service may be great, but their customer service makes it not worth even using them.
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