Vonage's V-Phone - a USB-like device that turns any laptop into a Vonage phone - makes its Canadian debut today in downtown Toronto. Vonage shares, meanwhile, closed at $7.87 yesterday after touching a new low of $7.81 - 54% below the IPO price. It's interesting to see that analyst coverage of Vonage is expanding. UBS Securities recently initiated coverage with a "neutral" rating and a $10 target price, while CitiGroup initiated coverage with a 'hold" rating and an $11 target price. The target prices make you wonder how Vonage ever managed to sell the IPO at $17 a share. Someone did a great job selling investors on the prospects for Vonage and VoIP.

(Update: Huffington Post is reporting that Rocketboom has hired Europe MTV VJ Joanna Colan to replace Amanda Congdon. Now you know - enjoy the rest of your weekend!)
Who knows, maybe Amanda Congdon's departure from Rocketboom could be a good thing now that the New York Times is covering the story. Nothing like some great, free publicity to generate interest in the show from people who have likely never seen Amanda in action. It all depends on how Andrew Baron manages the "situation". If done properly, the Amanda Rift™ could be corporate hiccup. But if things keep spinning in the same direction, Rocketboom's moment in the spotlight could be over. What has surprised me is how Baron and Congdon both seem oblivious to the fact their equity stakes (51% vs. 49%) are being eroded the nastier things become.
  If Rocketboom was pulling in $40K a week before the Amanda Rift™, the company could have been worth let's say $10-million to $20-million. (Given I'm not a financial guru, I'm simply giving Rocketboom a 5X revenue multiple to come up with a back-of-the-napkin valuation). This would mean Baron and Congdon would both be worth about $10-million on paper. That's a big enough number, I think, to encourage them to kiss and make up.
   By the way, Baron will be in Toronto today for CaseCamp, an unconference marketing and communications event. It's nice to see Baron fulfill his commitment to the organizers but wouldn't he be better off putting out the Rocketboom fire in NYC rather than spending the weekend in T.O.?
Update: BusinessWeek's Heather Green has some insight into what happened between Baron and Congdon, and what their next moves may be.
Update II: ZDNet has a story looking at Rocketboom's business and whether its popularity translates into lots of revenue.