How not to make money in telecom
Originally posted 2009-09-03 10:49:34. Republished by Blog Post Promoter
A jury ordered Vonage to pay $58 million in a patent infringement case brought by Verizon. But that’s okay — Vonage already “reported a net loss of $65 million for the last quarter.” It will just pay the damages by making it up in volume.
UPDATE: It gets worse.