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?
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.
Alec Saunders is the Vice President of Developer Relations for BlackBerry make Research in Motion. This is his personal blog, with his personal viewpoints. Prior to this Alec was the CEO and co-founder of Calliflower — the easiest way to hold a meeting, online, on a conference call, or on the go. A double-decade veteran of product management and marketing, he spent nine years at Microsoft where he helped launch Windows 95, the first two versions of Internet Explorer, the Universal Plug and Play initiative, the push into home markets, opt-in email marketing and what might well go down in history as the very first direct email list ever.
