|
|
Article: Internet telephone pioneer Vonage heads for Internet-size IPO
- Article from:
- AP Worldstream
- Article date:
- May 23, 2006
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
PETER SVENSSON, AP Technology Writer
AP Worldstream
05-23-2006
Dateline: NEW YORK
Vonage, the company that popularized the idea of using broadband Internet connections for phone calls, is set to go public this week at a price that appears to be drawing in plenty of investors, but skeptical glances from some analysts.
As a small but well-funded company, Vonage Holdings Corp. has set the pace in the market for voice over Internet Protocol, or VoIP, but its future is far from assured now that the giants of the telecommunications industry, in particular the cable companies, have started getting serious about the business.
The Holmdel, New Jersey, company is expected to sell 31.25 million shares ...