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

["Susan LaBarre" <idodesign AT earthlink.net>]

Hey... thanks guys.
It's what I suspected but I'm not that market-savvy these days so I thought
I'd ask.

Susan

-----Original Message-----
From: internetworkers-bounces AT lists.ibiblio.org
[mailto:internetworkers-bounces AT lists.ibiblio.org]On Behalf Of Scott
Lundgren
Sent: Tuesday, May 09, 2006 2:26 PM
To: internetworkers AT lists.ibiblio.org
Subject: Re: [internetworkers] Vonage Customers? IPO?


> 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.

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

- SL
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