With Spring VON poised to kick off this week, Om Malik is starting to have some concerns about
whether the hype is getting out of hand. He cites the triple-fold
growth in the number of companies attending VON in San Jose, and the
flurry of VOIP-related press releases he receives each day. "Dom.com of
late 1990s has now become dot.VoIP," Malik asserts.
While the VOIP PR machines are churning away, I'll take issue -
respectfully, of course - with Om's conclusion. The major differencet
between the dot-com boom and and the enthusiasm surrounding VOIP is we
have yet to see a wave of VOIP IPOs yet. In fact, you could argue it's
a major challenge finding a publicly-traded VOIP company. The highest
profile pure investment play is probably 8X8 Inc., which I've taken issue with in previous posts. Then, you have to go further down the food chain and looking at companies such as VOIP Inc. The landscape may completely change, however, if Vonage decides
to do an IPO this year. If Vonage is a hit, it may open the floodgates
to all kinds of VOIP IPOs - including a lot of crap looking for
VOIP-crazed investors.
So there you go, Om. It's not a dot-anything bubble yet as long as
investors have to patiently sit on the sidelines. Then again, things
could change in a heartbeat.
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Sunday, March 6
by
Mark Evans
on Sun 06 Mar 2005 06:47 PM EST
by
Mark Evans
on Sun 06 Mar 2005 09:03 AM EST
Upon hiring Gary Dachichendt as Nortle's news president and COO, CE0
(at least for now) Bill Owens proclaimed, "we are playing to win....".
Well, that's fine Mr. Owens but where is your vision beyond going after
more federal government and security business? As an analsyt told me a
few days ago, Owens has been at the helm of Nortel for nearly a year,
and there's been nothing about the big-picture strategy. Owens got a
break out of the gate because his biggest priority was dealing with
that nasty accounting scandal. Now that he has rounded out his
executive team with a new COO, CFO, chief ethics officer and chief
marketing officer (how many chiefs can one company ever really have!?),
maybe Owens will wow us with the New New Nortel. Then again, his best
until date as CEO may be fast appearing. Mr. Daichendt made it clear he
didn't come out of "retirement" to not get the top job.
By the way, is there another major company whose has fewer executives not living close to corporate headquarters. Granted, Brampton, Ont. is no paradise but does that justify why Nortel executivces live in New York (Susan Shepherd), San Diego (Owens, San Jose (Daichendt) and Ralieigh, N.C. (Clent Richardson)? Just wondering, that's all. |
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