Vonage (VG) has been been working hard to get their growth back on track, following a much publicized patent battle with Verizon and significant cuts to their marketing budget. Recently after reporting second quarter results, CEO Jeff Citron assured investors that they would be getting back on track to resume growth.
A lawsuit filed yesterday by now bankrupt, former competitor Sunrocket shows that Vonage may have been going to some extraordinary means to resume growth. According to the lawsuit, Vonage illegally obtained the list of former customers from a third party after unsuccessfully trying to purchase the list directly from Sunrocket.
They were of course trying to capture some of Sunrocket's 200,000 displaced voip subscribers. Now they face "injunctive and declatory relief" which would prevent Vonage from using the list and possibly require them to pay Sunrocket.
Thursday, August 23, 2007
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1 comments:
Lawsuit is nonsense. (VG) is well on its way to recovery and will survice. Check out my posts and charts at http://www.lompie.blogspot.com
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