Verizon patent suit, with Vonage shares up as much as 13 cents in premarket trading; however, it's a rather hollow victory when you consider that the ~$3.00 stock went for as much as $17.88 this time last year. So while it's good to see Vonage making some proactive moves in the face of what can only be considered a deathwatch, there's only so much the company can do to affect its own fate, and at this point we could be just a ruling or two away from the end.
[Photo courtesy of CNET]
Vonage shakeup: CEO resigns, cost-cutting announced
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