Vonage Shares Jump 36% After Submitting iPhone App
6:38 pm, August 26th, 2009, Leander Kahney
Stock in the internet phone company Vonage jumped a whopping 36 percent on news it will likely soon have an iPhone app.
Vonage’s stock saw its biggest three-day rally since the ailing company went public in 2006, Bloomberg reports. The rally is tied to news that Vonage has submitted an app to Apple. The app will likely be approved after a minor technical glitch is fixed.
What the app does, no one is saying, but it’ll likely rival Skype, offering low-cost VOIP calls over Wi-Fi. Vonage also offers visual voicemail.
The company is in deep trouble and is danger of being delisted from the New York Stock Exchange. It has lost about 100,000 customers in the last year as customers opt for cheap digital-phone service by cable companies.
Posted by Leander Kahney in News, Software, iPhone | Comment on this article












Let’s hope it’s much better than their “Softphone” Mac and PC clients. It is horrible. Call quality is atrocious. Since the iPhone version likely uses the same SIP platform as the Softphone, I can’t imagine it will be better.
On the otherhand, I’ve been a regular vonage subscriber for more than 5 years. The service with a router is excellent.
Justin, on August 26th, 2009 at 7:43 pm
I was going to cancel my Vonage service after my Vonage Linksys wireless router crumped. I wasn’t going to spend another $100 for a router. Luckily, their customer service convinced me to subscribe for another year after offering a new Vonage device and one month gratis.
I still was planning to cancel after this year, but, if this iPhone app is anywhere near as good as the Skype app, I may keep my subscription. The convenience of carrying your home phone number with you (even abroad) would be well worth it.
Tuan, on August 26th, 2009 at 8:05 pm
When Apple rejects the app Vonage will go out of business?
MacRat, on August 26th, 2009 at 8:27 pm
Vonage is dying, this at best could just delay it a little longer. terrible customer service is probably their biggest downfall
Tyromind, on August 26th, 2009 at 8:39 pm
more then likely their shares jumped because they offer world wide calling for like $5 more or something
barry, on August 27th, 2009 at 12:21 am
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