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Stock Market & Financial Investment News

News Breaks
February 13, 2013
08:13 EDTVGVonage sees investing $5M-$10M per quarter in growth initiatives in 2013
In 2013, the company said it expects to continue to invest in targeted ethnic segments, commercialize its Basic Talk product line in the U.S., enhance its mobile product offerings, prepare to go to market in Brazil, and pursue other international partnerships. Vonage expects to continue to invest $5M-$10M per quarter in its strategic growth initiatives. The company may choose to increase or reduce the level of quarterly investment depending on the success of its initiatives. Vonage continues to expect new initiatives to generate $100M in annualized revenue by the fourth quarter of 2014. The company expects capital expenditures of $30M-35M in 2013.
News For VG From The Last 14 Days
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February 26, 2015
13:41 EDTVGVonage CEO comments on FCC's adoption of Net Neutrality rules
Vonage CEO, Alan Masarek, released the following statement in response to the FCC's adoption of Net Neutrality rules: "The Internet is a critical platform for communicating, sharing and accessing content throughout the world and has become an essential part of our daily life. An open Internet ensures that competition is strong and that consumers and businesses have access to the multitude of choices they demand and expect. Limitations on that access, such as paid prioritization, would have a negative long-term impact on consumers and businesses alike, including entrepreneurs who rely on the Internet to create and deliver innovative and disruptive products and services. As a provider of over-the-top and cloud-based services, Vonage has long been a strong proponent of robust open Internet rules that apply to both wired and wireless broadband. We applaud the FCC and Chairman Wheeler for adopting new Net Neutrality rules that will ensure the Internet remains an open, uninhibited platform for all."

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