Re: You don\'t have to pay for your Vonage shares
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I haven't looked at their prospectus, but from what I read, their losses have grown just as fast as their sales. If that's true, the faster you grow the more cash you burn, and it won't take long to burn all this new IPO money. IIRC they have a customer turnover problem.
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Not necessarily so. Their losses stem mostly from high marketing expenses. This is not uncommon for a new "high tech" company trying to penetrate the market. As time passes, revenue should still be able to grow while marketing costs are either maintained or decreased. It's a new technology and is still limited by the broadband subscriber base (as this is what the technology is based on).
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