If you haven't read the comment on this blog about 8x8 Inc. and its third-quarter results, check it out. "Inspired" - I use that word loosely! - by my posting, someone did some more number-crunching on 8x8's balance sheet and looked at things such as cost of acquisition and sales per day per subscriber ($1). It's not a pretty picture, which makes 8x8's $130-million market capitalization looks more and more suspect. For all the talk about 8x8's video service, people really need to scratch beneath the surface. Sure hope Jennifer Garner didn't take 8x8 shares for appearing the company's new advertising campaign.
Addendum: Andy Abramson has a posting that talks about 8x8 suffering terrible technical problems, including dropped calls. Yikies!
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