Vonage can’t seem to get a break these days. Andy Abramson pointed me earlier today to his post on the Verizon – Vonage ruling in which Verizon was declared the winner of a $58 Million dollar patent infringement suit. So, as Andy points out, this is not a “knock out” blow to Vonage, but I do think it is yet another sign that the telco’s are going to “dirty-box” their way to acquring Vonage on the cheap.
Lawsuits and Debt Scare Investors
Investing 101 – stocks are bought and sold based on emotions surrounding a stock. Nothing bring out the fleeting emotion like a lawsuit, debt, scandals, or consistent loss. Vonage, from the start has experienced each of those. Even though their is little value in Vonage for the average investor. For a telco, like Verizon, Vonage is holds a ton of value; in their customer base and brand name. And because of this, Verizon, and other telco’s, are doing everything they can to scare away investors, therefore lowering Vonage’s stock price and putting them in a ripe postion to be acquired.
Sure they are not playing fair, but the big telco’s did not get to where they are without stepping on a lot of little people (and companies) along the way. Welcome to corporate America Vonage?