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Thursday, May 25
by
Mark Evans
on Thu 25 May 2006 10:10 AM EDT
Ever found yourself killing time somewhere, and wondered if you could read my blog on a wireless device? Well, lucky you because Plusmo.com has introduced a new service to easily create mobile blogs. Wonders never cease! There's a Plusmo chicket on my blog. (I found out about Plusmo after its CEO, Krisha Vedati, sent me an e-mail that include a customized logo. Savvy marketing move.
by
Mark Evans
on Thu 25 May 2006 07:59 AM EDT
by
Mark Evans
on Thu 25 May 2006 07:21 AM EDT
Ever wondered about Vonage Canada's subscriber base? I've asked senior management on a regular basis for a number - even a ballpark number - but got nowhere. The answer, I think, is about 52,000, which is much higher than anyone estimated given the scuttlebutt was 15,000 to 20,000. So where does the 52,000 figure come from? Well, if you read through to the end of Vonage's S-1 filing, the company breaks out its Canadian and U.K.sales. In the first-quarter, Canadian sales were $4.25-million. You divide that number by Vonage's average revenue per subscriber ($27 a month X three months) and, voila, 52,000 customers. One thing that is a bit of a puzzler is it appears Vonage Canada has had tremendous momentum in the last quarter or two because sales for all of last year were US$7.6-million, which works out to about 23,000 subscribers using the $27 ARPU figure x 12 months.
Update: My Financial Post story on Vonage's first day of trading can be found here. The Streetcom's Jim Kramer has a rant about Vonage, in which he concludes it is a "piece of junk". Update II: Vonage shares down another 11% today to $13.17, which means it has lost 23% from the IPO price, or a cool $575-million. closed down $1.85 to $13 so the value of the company has dropped by $588-million in two days. Yikes! Buying opportunity or dead dog? |
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Nicholas
Carr