Filed under: Verizon Communications (VZ), Vonage Holdings (VG)The Vonage (NYSE: VG) saga continues. Douglas McIntyre reported recently of a "sucker rally" in Vonage stock as Vonage tried to fight off a patent lawsuit brought against the company by Verizon (NYSE: VZ). Friday brought with it a refusal of an appeal made by Vonage and slapped the voice-over-IP telephony firm with a $120 million lawsuit.
Legal costs have hurt Vonage and may increase its risk of bankruptcy. The company said that it may not have enough money to pay $253.5 million in debt due as early as December 2008.
The firm had a first-move advantage and created an innovative service. Unfortunately, the legal issues and commoditization of voice-over-IP technology has severely hampered the prospects for the young comp
Related Headlines
- Land a few points with Vonage (VG) sharesposted 838 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sears Holdings Brand and Land Valuesposted 838 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Sirius (SIRI) shareholders dig the XM Satellite mergerposted 837 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Closing Bell: Last minute mini-rally avoids larger disaster; KO, PFE, S, JASOposted 772 weeks ago on BloggingStocks
- Shoe Pavilion (SHOE) balks the earnings callposted 837 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Value Investing 101 - Bill Miller's Q3 Letterposted 837 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Thanks to rich people, Sotheby's (BID) will be just fineposted 838 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Remember Advanced Micro Devices?posted 836 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- E*TRADE gets spanked again, Subprime styleposted 837 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke