VG
Some things to consider:
1) Insiders purchases as recently as 10/1 -- Source:
http://www.mffais.com/vg
2) Vonage App Approved For iPhone
Source:
http://www.businessinsider.com/vonag...-iphone-2009-9
3) Coming out with an app for Blackberry
4) Some crunched numbers:
Telecoms spend around $250-300 per new subscriber account, at least this is what I read.
But if the figure is correct, Vonage subscribers (2.5M as of 09-01-2009) are worth between 625 and 750 million dollars to potential buyers (very conservative estimate, ~$5/share).
Now that is only cost of new telecom subscribers.
What if potential buyers like TW and Comcast can covert Vonage subscribers to bundle accounts that cost $120+ per month? Easy to see we’re talking big, big, big money.
Vonage releases calling app for iPhone, BlackBerry
NEW YORK (AP) -- Vonage Holdings Corp., a pioneer in Internet-based home phone service, is launching applications for the iPhone and BlackBerry that undercut the international calling rates of major wireless carriers.
The free programs let users place calls that are routed over Vonage's network, at least for the international leg.
When the phones are connected to a Wi-Fi hot spot, the calls go over that link, bypassing the wireless carrier entirely. When Wi-Fi is not available, the calls are placed as local wireless calls, using up minutes on the cell phone plan. Vonage then carries the calls to their overseas destination.
The fact that the Vonage app for the iPhone can use the cellular voice channel is unusual. Several other voice-over-Internet Protocol, or VoIP, apps for the iPhone and iPod Touch can already place calls over Wi-Fi. But Google Inc.'s Voice application, which is designed to use the cellular network, has not been approved.
Google says its Voice program was rejected by Apple for duplicating the built-in functions of the phone, and the Web search company implies that Apple is protecting the revenue stream of iPhone carriers like AT&T Inc. by not approving the application. Like Vonage's application, Google Voice provides low international calling rates.
Apple says the Google Voice app hasn't been rejected, but is still being reviewed for inclusion in the App Store. The Federal Communications Commission is probing the disagreement.
Apple spokeswoman Natalie Kerris said the company considers Vonage's application to be in the same category as other VoIP apps that have already been approved for the iPhone. She would not elaborate on whether Apple considers there to be significant differences between Vonage's program and Google Voice.
As an example of its prices, Vonage will carry a call to Colombia for 5 cents per minute. AT&T charges $2.19 per minute, or 17 cents per minute if the caller has signed up for a $3.99-per-month international calling plan.
Vonage is the largest of the independent companies that supply their subscribers with adapters that let them plug their home phones into their broadband connections. The new applications for mobile phones have no direct tie to that business -- subscribers to Vonage's home phones will pay the same rates as other users of the apps.