Mar 27, 2007 -- Vonage may be dead
Vonage, the well-known Internet telephone company, is in serious trouble these days on two fronts. Firstly, the company is in trouble in the courts. Verizon, which filed a patent violation suit against Vonage, has been given the power to shut Vonage down. Vonage will essentially go dead in one day if Verizon chooses to take action. Youll know ahead of time if that happens, but hopefully it wont. The second part of this is that Vonages stock has fallen by about 80 percent in value. Its a bit ironic because the company popularized the idea of Internet phone calls, yet it may not survive. So, even though you create an entirely new industry, you may not survive. Vonage will have changed the course of history with its invention regardless, and we thank the innovative employees for that. Well keep you posted.
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