How not to make money in telecom

Posted on Author Ron Coleman 2
Written by: Ron Coleman

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.

Originally posted 2009-09-03 10:49:34. Republished by Blog Post Promoter

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2 Replies to “How not to make money in telecom”

  1. “It will just pay the damages by making it up in volume.” Ah, the dot com business model. Seriously though, any notion how big a hit this is for Vonage– if they’re already losing money mightn’t this send them into bankruptcy? And if so should we care? (I’m leaning towards a no on that last one)

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