Wednesday, September 26, 2007

Vonage halted on Toronto?

by alec on September 26, 2007

It's been a rough couple of days for Vonage. Yesterday a jury found that the company had, in fact, violated Sprint's patents, driving the stock to a new low of just $1.30. Today, it only got worse. A jury reaffirmed the verdict in this year's earlier case, stating that Vonage had also infringed Verizon's patents. And the stock nose dived again, dropping to $.89.

How could it get any worse?

The final indignity may be this. This screen shot from the TD Waterhouse website shows Vonage as halted. Is this simply due to the Toronto exchange not wanting to take orders for Vonage, or has it been halted on NY also?

TD Waterhouse

What next?

UPDATE: VG doesn't trade at all on Toronto, so this is clearly an action by TD Waterhouse, or an error in their trading system. This morning VG is trading on the NYSE, and is even up a little after yesterday's panic.

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Truphone hacks iPhone

by alec on September 26, 2007

Worthy of note: the boys at Truphone are busily hacking the iPhone to allow VoIP calls on WiFi. It's still very rough (as you will see from Oliver's post and screen shots), but beta is scheduled for later this month. Perhaps most interesting is that it doesn't require a SIM unlock – now you can roam internationally at WiFi hotspots without the egregious charges.

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Walks like a telco, talks like a telco… must be a telco.

September 26, 2007

Vonage's latest woes are written up by Om Malik in Vonage: How Low Can You Go. More interesting than Om's reportage (Sprint wins case, Vonage ordered to pay damages, stock drops to $1.30) is the commentary afterward, in which one reader takes Om to task for the "gleeful" way in which he reports the demise [...]

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