Friday, November 09, 2007

Technology Review: Beleaguered Internet phone company Vonage in settlement talks with AT&T, adds customers in 3Q

Not dead yet... and actually working pretty well these days, in my experience 

Internet phone company Vonage Holdings Corp. on Thursday said it was in talks with AT&T to settle a patent suit, the last of several filed against it by traditional phone companies.

The Holmdel, N.J., company also said it managed to add subscribers in the third quarter, despite cutting back on its ad spending.

The news sent Vonage's volatile stock soaring 23 percent to $2.70 in premarket trading. On Sept. 26, the stock hit an all-time low of 89 cents. The company went public a year and a half ago at $17 per share.

Technology Review: Beleaguered Internet phone company Vonage in settlement talks with AT&T, adds customers in 3Q

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