Internetworkers: http://www.ibiblio.org/internetworkers/

["Tanner Lovelace" <clubjuggler AT gmail.com>]

On 5/9/06, Scott Lundgren <internetworkers AT capitalfellow.com> wrote:
> > Have you received an offer to buy stock from their IPO? They've gotten
> > pretty big... sounds like it could be a good deal.
> > Do you think it's worth the risk pf buying into the IPO?
>
> As I understand it (not being a customer there's room for ignorance)
> Vonage doesn't own the pipes its service runs across (like a cable company
> or bell's capital investment), uses open protocols (which for the consumer
> is a good thing, but in the case of an investor would want some
> intellectual property or "secret sauce" like Skype's protocol) and
> generally serving a commodity market. While the argument can be made Dell
> serves a commodity market as well, their business process of cost
> reduction makes competing against them on price difficult. So I don't see
> where Vonage's defensible resources are and I'd not invest in it.

Not to mention they lost $261million on top of taking in $269 million!
Sounds just like the late '90's eh?

> another $0.02: http://www.fool.com/News/mft/2006/mft06050832.htm

Interestingly, I had just read that yesterday too after figuring out that I'm
eligible for the IPO offer.  Definitely a good analysis  If I do decided to
do it, it certainly won't be with a lot of money.  (Not that I have a lot
of money to do stuff like that, but you get the point, right?)

Cheers,
Tanner
--
Tanner Lovelace
clubjuggler at gmail dot com
http://wtl.wayfarer.org/
(fieldless) In fess two roundels in pale, a billet fesswise and an
increscent, all sable.