Vonage offering new phone device for businesses

Iria · Jun 29, 2006, 02:01 PM

Source: Reuters
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NEW YORK (Reuters) - Internet phone company Vonage Holdings Corp. said on Wednesday it aimed to expand its customer base to businesses with a new device that can be carried and plugged into computers for making phone calls.

Analysts, however, said the product was not enough to change their dim outlook for Vonage, which saw its shares tumble around 50 percent since its May initial public offering (IPO) on worries about increasing competition and persistent losses.

Jun 29, 2006, 02:01 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Vonage offering new phone device for businesses Source: Reuters __________ NEW YORK (Reuters) - Internet phone company Vonage Holdings Corp. said on Wednesday it aimed to expand its customer base to businesses with a new device that can be carried and plugged into computers for making phone calls. Analysts, however, said the product was not enough to change their dim outlook for Vonage, which saw its shares tumble around 50 percent since its May initial public offering (IPO) on worries about increasing competition and persistent losses.