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Vonage going IPO

Hemos posted more than 8 years ago

221

Diashto writes "I just recieved voicemail on my Vonage phone saying that Vonage is going IPO, and that certain customers may be eligible to purchase common stock at IPO pricing. More information is is available on their IPO site."

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221 comments

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they need to. (3, Insightful)

Churla (936633) | more than 8 years ago | (#15300389)

To raise money for the new "SO you want to actually GET THROUGH to customers on our cablemodems" tariff which is upcoming.

I just received email... (3, Funny)

Ingolfke (515826) | more than 8 years ago | (#15300399)

about my long lost uncle who used to work for the oil companies in central Africa. He apparently left me $5 million and all I need to do is contact his Nigerian legal representation.

I'm pretty certain... (1, Insightful)

MrHeartbreak (959513) | more than 8 years ago | (#15300421)

That this is a scam. I got the same e-mail a few days ago, and when I checked the site it redirected me to someone who was trying to sell 'www.vonageipo.com' for a little under $1,000.

Re:I'm pretty certain... UPDATE: I'm wrong. (1)

MrHeartbreak (959513) | more than 8 years ago | (#15300452)

Aww, crap. I guess I should have checked sources before I opened my fat mouth. Again.
Just been to the real vonage.com, and it appears to be gen.

Re:I'm pretty certain... (2, Insightful)

weisen (461536) | more than 8 years ago | (#15300461)

The site is registered to the same entity that holds the main Vonage.com registration and it doesn't (currently) say anything about buying the domain. Maybe you hit it right at the start before they shut off domain parking.

Re:I'm pretty certain... (1)

Diashto (464507) | more than 8 years ago | (#15300491)

Well, it was sent directly to my voicemail, using the lady's voice that is in the voicemail prompting system, from Vonage itself. I'd upload the WAV of the voicemail, but i dont have a server available that can handle /. type of traffic.

Re:I'm pretty certain... (1)

doskir (894079) | more than 8 years ago | (#15300536)

http://rapidshare.de/ [rapidshare.de] should be enough for slashdot traffic

Re:I'm pretty certain... (2, Informative)

harryk (17509) | more than 8 years ago | (#15300586)

It certainly appears legit, here's the registrar information:

Whois Server Version 1.3

Domain names in the .com and .net domains can now be registered
with many different competing registrars. Go to http://www.internic.net/ [internic.net]
for detailed information.

      Domain Name: VONAGEIPO.COM
      Registrar: NETWORK SOLUTIONS, LLC.
      Whois Server: whois.networksolutions.com
      Referral URL: http://www.networksolutions.com/ [networksolutions.com]
      Name Server: DNS1-NYC.VONAGE.NET
      Name Server: AUTH00.KEWR0.S.VONAGENETWORKS.NET
      Name Server: AUTH01.KEWR0.S.VONAGENETWORKS.NET
      Status: REGISTRAR-LOCK
      Updated Date: 08-may-2006
      Creation Date: 25-apr-2005
      Expiration Date: 25-apr-2012

Re:I'm pretty certain... (0)

Anonymous Coward | more than 8 years ago | (#15300664)

Vonage.com
      Whois Server: whois.networksolutions.com
      Referral URL: http://www.networksolutions.com/ [networksolutions.com]
      Name Server: DNS1-NYC.VONAGE.NET
      Name Server: AUTH00.KEWR0.S.VONAGENETWORKS.NET
      Name Server: AUTH01.KEWR0.S.VONAGENETWORKS.NET
      Status: REGISTRAR-LOCK
      Updated Date: 21-dec-2005
      Creation Date: 12-dec-2000
      Expiration Date: 12-dec-2008

vonageipo.com
      Whois Server: whois.networksolutions.com
      Referral URL: http://www.networksolutions.com/ [networksolutions.com]
      Name Server: DNS1-NYC.VONAGE.NET
      Name Server: AUTH00.KEWR0.S.VONAGENETWORKS.NET
      Name Server: AUTH01.KEWR0.S.VONAGENETWORKS.NET
      Status: REGISTRAR-LOCK
      Updated Date: 08-may-2006
      Creation Date: 25-apr-2005
      Expiration Date: 25-apr-2012

Apparently the nameservers are the same, and all the registration details are identical. I appreciate that the logos are different though, and the site is in a completely different style than the original. It's certainly suspicious that they give you a different username and password- surely that makes no sense whatsoever.

I'd say it was definitely worth an email to Vonage (DOT COM). ;)

Re:I'm pretty certain... (1)

XMilkProject (935232) | more than 8 years ago | (#15300671)

It's not a scam. Do you live in a vacuum? Every financial show has been talking about this for weeks. The general consensus is that it is probably a good short term buy, but long term regulation and competition will force them out of business.

Re:I'm pretty certain... (0)

Anonymous Coward | more than 8 years ago | (#15300756)

I'm sure that nobody was arguing that Vonage were "going IPO"- people were just concerned that the website was a phishing scam. Although all the details match up, it looks as though they nicked the layout from Slyck and couldn't even reuse the graphics from Vonage.com.

I agree with you though, this website is registered by the same group, and has access to the Vonage database (I just tried to register with phony details and got a string of errors). I blame the scaremongering media- making everyone paranoid. :D

Obligatory Star Wars Reference... (1)

pedalman (958492) | more than 8 years ago | (#15300713)

"That this is a scam."
Your lack of faith disturbs me.

Re:I'm pretty certain... (1)

fusto99 (939313) | more than 8 years ago | (#15300803)

I just signed up for this after I received the email about it. Yesterday I also received a voicemail that came directly from the Vonage system (so no outside caller) so I am pretty certain this is not a scam. Also, if they were wanting to scam you, wouldn't they want the money up front? When you sign up, all you have to do is tell them how many shares you want. Once they go public (later this month), you then have 3 dates to fork over the money for the shares you requested. Also, if you do a search on the NYSE for "VG", it shows up, even though it's not active yet.

On another note, I just noticed they are also offering free calls to a few European nations to their unlimited users. I'm only on the 14.99 400min plan so I'm not sure if that applies to me as well.

I received... (2, Insightful)

BarC0d3z (825670) | more than 8 years ago | (#15300432)

... an email about the voice mail. It's either legit or the 409ers managed to get my email address
  • and
phone number. Regardless, I think this is better than most IPOs who only offer to the elite brokerage houses, and better than Google where it was anyone's game. Offer to those who have a history of support.

Vonage Phone Home (0)

Anonymous Coward | more than 8 years ago | (#15300436)

.

Man, do I hate that stupid Vonage TV commercial

.

Amen (0)

Anonymous Coward | more than 8 years ago | (#15300752)

I just want to throw my TV out the window the next time I hear that woohoo crap.

Sounds great ... but. (5, Informative)

grunherz (447840) | more than 8 years ago | (#15300447)

I'm a Vonage customer since 2004 and I received the IPO e-mail a few days ago. If you're in the same boat I highly recommend reading their risk prospectus first. They will be posting losses for the foreseeable future.

Not a deal-breaker but just a heads up.

Re:Sounds great ... but. (5, Insightful)

imadork (226897) | more than 8 years ago | (#15300580)

I'm out of mod points, so I'd like to reiterate that I looked into this, and I'm not going to touch it with a 10-foor pole. They spend almost every dollar in revenue they make on marketing, and borrow money to keep their business running. IIRC ( I don't have the prospectus in front of me), but they made $250 mil last year and spent close to $400 mil. When you combine their assets and their debts together, the company is worth less than zero. But this IPO will raise something like $400 mil, and since they're offering about 20% of their outstanding stock they're effectively valuing the company at $2 billion. It's not 1999, folks. It might be possible to buy in at the IPO price, and then flip it for a gain that day. But I like my odds in Vegas better. If you like the long-term prospects, wait a little while and I htink the price will dip below the IPO price....

Re:Sounds great ... but. (0)

Anonymous Coward | more than 8 years ago | (#15300583)

Hmm... who cares for loses when IPO price is likely to shoot -way- into the sky high P/E world... This is the new bubble, after all :-D

Re:Sounds great ... but. (1)

Kafka_Canada (106443) | more than 8 years ago | (#15300628)

dot.com 2.0?

Re:Sounds great ... but. (0)

Anonymous Coward | more than 8 years ago | (#15300909)

...never buy into a .0 release.

Re:Sounds great ... but. (1, Informative)

Anonymous Coward | more than 8 years ago | (#15300739)

I have had Vonage for 2 1/2 years now. What they offer now is identical to what they offered then, a service best described as "okay".

Web based interface to voicemail is identical. Simple. Poor. I cannot label/annotate/retitle/file/mark-undeletable messages.

I cannot block calls with no caller ID.

They promised me a real E911 within two months. 2 1/2 years later still no E911. Two years ago it was clear that the telcos were making it difficult for them to implement E911. Now, it seems to be Vonage's problems alone.

I assume they are the market leaders, but with eBay behind Skype, ... for how long?

I would feel better about them technically if they had improved any portion of their service, but it is identical, with no new value for my dollar in 2 1/2 years.

I suspect this IPO will be used to fund the upcoming fights against Verizon and AT&T. It's not clear they will be the winner.

Hey Vonage, as you read through the posts, understand that if you had implemented E911 on time as you had promised me, I wouldn't be writing this.

Posted anonymously: I do want my service (such as it is) to continue unimpeded.

Re:Sounds great ... but. (4, Interesting)

955301 (209856) | more than 8 years ago | (#15301004)

Posted anonymously: I do want my service (such as it is) to continue unimpeded.

wow, that's either genuinely paranoid or really self-centered. You think they will read slashdot, correlate your slashdot account to your real name or vonage account name, look up your account, then cut your service?

Sorry dude, but none of us are that important.

Vonage is a scam (-1, Troll)

ghoul (157158) | more than 8 years ago | (#15300462)

I mean they advertise that you can have unlimited phone calls for 19.95 but never mention in their advertisements that you need to shell out another 40 dollars for cable internet. At that price phone packages are competitive . Now people say most people already have broadband so I shouldnt count that in the cost but in that case why shouldnt I just use Skype which is free ? Charging a monthly fee basically for providing a handset is definitely a scam

Re:Vonage is a scam (2, Informative)

Technician (215283) | more than 8 years ago | (#15300529)

Now people say most people already have broadband so I shouldnt count that in the cost but in that case why shouldnt I just use Skype which is free ? Charging a monthly fee basically for providing a handset is definitely a scam.

I see you were modded a troll, but I'll just assume you don't know what Vontage is. Skype is free. This applies only if you call another Skype user.

What you get for the fee is nationwide calling to regular telephones. Skype out and Skype in are not free. Please compare apples to apples. Vontage includes most of the extras you would get with a phone plan including caller ID, 3 way calling, etc.

Re:Vonage is a scam (0)

Anonymous Coward | more than 8 years ago | (#15300926)

Not to mention that 99% of Grandmas and Moms still prefer to talk on their regular old land line phone.

Re:Vonage is a scam (1)

photozz (168291) | more than 8 years ago | (#15300546)

I mean they advertise that you can have unlimited phone calls for 19.95 but never mention in their advertisements that you need to shell out another 40 dollars for cable internet.
First, What kind of **idiot** does not see the multiple notices that you must have a broadband connection available before signing up. Second, Skype is fine, but I would like to use an actual phone when I talk to people, not a headset on my computer. It's an ergonomics thing. I actualy do manage to step away from the screen once an a while. All the solutions I have seen for using an actual phone with skype are complicated and half assed. Most normal people do not want to deal with that level of complexity. Vonage just works, and is simple enough for even my mom to figure out. Besides, Skype is the same sort of scam. No one ever told me you have to have a computer turned on 24 hours a day! moron.

Re:Vonage is a scam (1)

PoitNarf (160194) | more than 8 years ago | (#15300548)

If you don't feel like paying $20 for decent phone service you don't have to. Yes, many households have broadband connections now. Yes, many still retain their regular POTS lines through their phone company. Yes, certain people may only break even in phone bill comparisons from their POTS line + broadband as opposed to their Vonage line + broadband, but that isn't eveyone. When you start factoring in cheaper long distance calls or all the extras like voicemail, callerid, 3-way calling, and numerous other features included in the Vonage service at no additional costs then things start to look better. Bitch about it all you want, but their service provides more than just "a handset".

Re:Vonage is a scam (1)

FryingDutchman (891770) | more than 8 years ago | (#15300605)

You're kidding right? Why don't you take that argument to iTunes who doesn't tell you in addition to the $0.99 a song they charge you have to shell out $40 a month for an ISP, and upwards into four figures for a computer. Couple hundred for an iPod, hell - make 'em pay the $38 a month it costs for the electricity to power your house, which God help them if the mortgage is anything like mine, they'll go broke. Idiot.

If you have cable/private T at houre house right now - it's $40 for that plus $60 a month for your average LEC carrier phone line. $100 total telcom bill. Vonage drops it to $60 a month. If you have DSL you're screwed because you need to phone line (unless you have OneLink or something).

It's not for everyone but it's much cheaper than Verizon's offering of $40 a month for VoIP over their DSL line. And the cable company's similarly priced VoIP offering.

Re:Vonage is a scam (2, Informative)

windowpain (211052) | more than 8 years ago | (#15300657)

Not only are you a troll, you don't know what you're talking about. Skype does not equal Vonage.

Skype is free only for computer to computer calls.

Skype charges 1.7 Euro cents per minute (about 2 US cents) for calls to real phone numbers. And you have purchase that time in advance in blocks of 10 Euros.

If you want to get a real phone number you have to get SkypeIn, which is 30 Euros per year.

Skype can't be used for 911 at all, while Vonage is working on it and has gotten it together in many locales.

All Skype phones plug in only to a computer, not a cable modem.

Yes, Skype is a bargain and I use SkypeOut myself to call a friend in Australia but Vonage it ain't.

That having been said I think Sunrocket [sunrocket.com] is a better deal. $199 a year, they give you the phone, and you don't have to keep your computer on 24/7. Also, you can hack it so you that you can use your home's existing phone wiring to plug in more phones.

Hack? (1)

kybred (795293) | more than 8 years ago | (#15300943)

Also, you can hack it so you that you can use your home's existing phone wiring to plug in more phones.

I have Vonage, and have 'hacked' it to use my home's existing wiring.

The 'hack' consisted of disconnected the incoming phone line at the demarc and plugging the Vonage box into a phone jack in my house.

Re:Vonage is a scam (1)

bitingduck (810730) | more than 8 years ago | (#15300950)

(parent modded a troll, but I think is just misguided)

Vonage and Skype are similar services with different pricing and marketing models.

Vonage is trying to compete directly with POTS for all calls, and prices on the assumption that you will be making lots of calls to non-Vonage phones. It offers convenience, a single telephone and number to deal with (with some nice options on that), and you don't have to worry about whether you're calling a Vonage or POTS phone-- it just acts like a phone. They don't provide the handset, just the router.

Skype offers similar service, but AFAIK you have to use your computer as the base station (rather than any old phone), and while in-network calls are free, you have to pay by the minute for out-of-network calls. If you want to use it like a regular phone you could very easily end up paying about the same for Skype as for Vonage, they just use a different hook to attract you, and they use some viral marketing to get people to sign up (It's free to call in-network).

Vonage has some nice features that made me pick them over one of the VOIP services offered by the phone company:

-it's no extra charge to US and Canada (and now parts of Europe)- ATT may have been offering that when I signed up for Vonage, but I had to dig around on the website and it wasn't unambiguously stated.

- I can get virtual phone numbers in area codes where I want people to be able to call me with a local call, and for less than the cost of LD service or an additional vonage account, I get two-way unlimited long distance dialing. Combine that with forwarding and it can be very handy and flexible.

Reelin' 'Em in I see (0, Flamebait)

FryingDutchman (891770) | more than 8 years ago | (#15300473)

Wow - can't believe someone actually got so hooked by this they posted.

Go ahead and try to log in. Go ahead - I'll wait.

Can't can you? Well they'll be able to log into your vonage account now with that info won't they, dumbass?

I got an e-mail about this a couple days ago, thought "neat" until I realized vonage would probably have "ipo.vonage.com" or "vonage.com/ipo" instead of a whole new domain. Sure enough you go to their site and no mention of it.

Please send me $10,000 and I will send you the safe deposit box in Darfur where you can pick up my dethroned royal uncle's fortune. Also include your SS# and Mother's Maiden name for verification purposes.

Re:Reelin' 'Em in I see (1)

Churla (936633) | more than 8 years ago | (#15300522)

For what it matters. vonageipo.com and vonage.com are both showing identical ownership in Whois. If someone is scamming using this they hijacked or spoofed the name , email, and phone number of the actual vonage DNS admin.

Re:Reelin' 'Em in I see (2)

TheRealBob (524634) | more than 8 years ago | (#15300545)

I was skeptical too. I checked their domain registration and it matches up with vonage.com. Also, when you enter your account number it successfully looks up your account information, a phishing scam wouldn't be able to do that.

Re:Reelin' 'Em in I see (2, Insightful)

Milican (58140) | more than 8 years ago | (#15300610)

If you gave them your username and password there is no reason why they would not be able to pass that info on to vonage and relay the info back. Unlikely, but possible.

JOhn

Re:Reelin' 'Em in I see (0)

Anonymous Coward | more than 8 years ago | (#15300659)

The initial login info required on vonageipo.com is customer number, billing zip code, and email address (the one associated with your vonage account). Using those, vonageipo.com is able to respond with the name that account is billed to.

When you log into vonage.com, you use a username and password unrelated to any of those three items. I get your point, but in this specific instance I think the site is legit. I'll agree with other posters that it could be better done, though.

Re:Reelin' 'Em in I see (1)

x2A (858210) | more than 8 years ago | (#15300777)

This is NOT how a domain registration lookup (a "whois") works!!!

Why don't you read the post first that you're replying to, and then UNDERSTAND WHAT IT SAYS before typing a response.

Hint: The whois record comes from the domain registrar, not the website you're "logging in" to.

Re:Reelin' 'Em in I see (1)

ceejayoz (567949) | more than 8 years ago | (#15300576)

VonageIPO.com is on a different web host (abuse address abuse@savvis.net versus spam-police@vonage.com), has the old Vonage logo instead of the one on the Vonage.com site... hmm.

At the very least, it's suspicion inducing. If it's legit, Vonage should put something on their site - currently, a search for "IPO" comes up empty.

Re:Reelin' 'Em in I see (4, Informative)

AKAImBatman (238306) | more than 8 years ago | (#15300691)

Their SEC filings are here [sec.gov] .

A story on it over at VoIP Magazine is here [voip-magazine.com] .

Their (not yet active) trading charts can be found here [marketwatch.com] under the symbol "VG".

If this is a fishing scam, it's a pretty darn good one. More likely, Vonage wanted their financial issues to be separate from their marketing site and didn't think about how that would look.

Re:Reelin' 'Em in I see (0)

FryingDutchman (891770) | more than 8 years ago | (#15300658)

i humbly retract my previous statement. 3 days ago (checked my e-mail) when I got the e-mail and checked their site I didn't see the press release. Now I do, and couldn't feel like more of an ass.

My offer on the fortune stands. Unmarked small bills please.

Re:Reelin' 'Em in I see (1)

Raptor CK (10482) | more than 8 years ago | (#15300667)

The voicemail came from within Vonage's own system. Check your voicemail from the web, and it'll point that out.

Granted, it might've made much more sense to have run everything through the vonage.com domain, but anyone who's sending a message from within the system probably has enough access to screw with my account already.

(On top of that, one the front page, they ask you to log in with your IPO site credentials, not your Vonage user account credentials. You don't get to set up a login on vonageipo.com until you tell them your account number and email address. I think you're jumping the gun by just a bit.)

Re:Reelin' 'Em in I see (4, Informative)

karrde (853) | more than 8 years ago | (#15300702)

>whois vonageipo.com

Registrant:
vonage holdings
      23 Main Street
      Holmdel, NJ 07733
      US

      Domain Name: VONAGEIPO.COM

      Administrative Contact, Technical Contact:
            vonage holdings itadmin@vonage.com
            23 Main Street
            Holmdel, NJ 07733
            US
            732-365-2603

      Record expires on 25-Apr-2012.
      Record created on 20-Feb-2006.
      Database last updated on 10-May-2006 10:08:55 EDT.

      Domain servers in listed order:

      DNS1-NYC.VONAGE.NET 216.115.31.140
      AUTH00.KEWR0.S.VONAGENETWORKS.NET 69.59.252.42
      AUTH01.KEWR0.S.VONAGENETWORKS.NET 216.115.30.40

>whois vonage.com

vonage holdings
      23 Main Street
      Holmdel, NJ 07733
      US

      Domain Name: VONAGE.COM

      Administrative Contact, Technical Contact:
            Holdings, Vonage itadmin@vonage.com
            Vonage
            23 Main Street
            Holmdel, NJ 07733
            US
            732-365-2603

      Record expires on 12-Dec-2008.
      Record created on 12-Dec-2000.
      Database last updated on 10-May-2006 10:09:41 EDT.

      Domain servers in listed order:

      DNS1-NYC.VONAGE.NET 216.115.31.140
      AUTH00.KEWR0.S.VONAGENETWORKS.NET 69.59.252.42
      AUTH01.KEWR0.S.VONAGENETWORKS.NET 216.115.30.40

Amazing... Admin contact and DNS servers are the same...

Re:Reelin' 'Em in I see (1)

Lxy (80823) | more than 8 years ago | (#15300760)

Dig further (literally)....

#dig vonage.com
#dig vonageipo.com

ARIN reports the vonage.com IP being hosted on a /20 owned by Vonage.
ARIN reports the vonageipo.com IP being hosted by Savvis.

If you own a /20, why would you outsource your web hosting? Definitely sounds phishy to me.

Re:Reelin' 'Em in I see (0)

Anonymous Coward | more than 8 years ago | (#15300842)

The hosting is outsourced because the entire process of registering your customers and distributing IPO shares to them is run by outside companies. That is what investment banks do for IPO companies -- they take care of all the financial crap so the company doesn't have to do it themselves, and they take a fat fee for this service. In this case the banks have probably subcontracted the customer-directed-share-program work to yet another company.

There is also a legal consideration -- IPOs are very sensitive in terms of what a company can or can't say about itself during the IPO process, to avoid misrepresenting the stock and fooling investors. You want to keep your share offerings website separate from your marketing, sales, and customer communications, and you want the offerings communications written by lawyers and managed by experts in that field. Hence the outsourcing of the process, and therefore the separate hosting of the IPO offering website.

I have only tangential connections to and experience with this industry and this kind of arrangement does not surprise me at all.

Re:Reelin' 'Em in I see (1)

f1055man (951955) | more than 8 years ago | (#15300947)

Can't they register any admin contact they want? That said, the DNS servers make it seem legit.

Re:Reelin' 'Em in I see (0)

Anonymous Coward | more than 8 years ago | (#15300998)

It wasn't a phishing scheme. Check out the Vonage Corporate website for the press release:

http://www.vonage.com/corporate/press_releases.php ?PR=2006_05_08_0 [vonage.com]

This was all over the AP news feeds too.

Re:Reelin' 'Em in I see (1)

orielbean (936271) | more than 8 years ago | (#15300709)

Frying, it is legit. They won't post a presale of IPO common stock on thier website because new customer aren't eligible. You had to be a member since 2005. I work for one of the brokerage companies they partnered with to control the shares. It is the real deal.

Re:Reelin' 'Em in I see (1)

orielbean (936271) | more than 8 years ago | (#15300724)

In addition, I got my own IPO email in a mailbox behind all sorts of firewalls and spam blockers. vonage is on my whitelist and it got through, like the other legit emails from my banking ,etc. I've also never gotten a single piece of spam or otherwise at this inbox, and I get about 150 emails a day for 2 years now. A very elaborate scam, eh? :-(

Re:Reelin' 'Em in I see (0)

Anonymous Coward | more than 8 years ago | (#15300725)

I don't think this is a scam. Vonage has filed the details [sec.gov] of their offer to the customer with the SEC

Re:Reelin' 'Em in I see (0, Flamebait)

Gojira Shipi-Taro (465802) | more than 8 years ago | (#15300737)

Well, legit or not, this bit kills it for me:

Browser requirements:
  Microsoft Internet Explorer version 5.5 or later
  Windows Operating System (Windows 95, 98, Me, NT, 2000, XP).

Not that I'd invest in an IPO for a company that's business model could evaporate at any moment. Been thinking of cancelling and switching entirely to my cellphone anyhow, since I don't have any real need for a faux-landline anymore.

Getting voicemail spam about this doesn't help me feel better about them...

It's not like this is 2000 and getting in on an IPO like this is going to make anyone an instant millionaire (apart from members of the Vonage board).

Re:Reelin' 'Em in I see (1)

Slayback (12197) | more than 8 years ago | (#15300749)

I'm glad that people are now hesitant due to phishing scams and don't just jump at every thing they get in their email, BUT, this is not one of those times.

You try to register? No, apparently not due to your comments.

All you give them is your account number, billing zip code, and email address associated with the account. None of which is identifiable to you unless they have a direct connection with the Vonage system. As it were, they correctly identified me based on that information alone.

At any rate, it worked for me. Take off the tinfoil hat for just once though and check your facts before speculating wildly.

The IPO offer is real (2, Informative)

truthsearch (249536) | more than 8 years ago | (#15300751)

I don't see a reference to the domain, but I did find this press release [vonage.com] proving the IPO offering is real:

Vonage To Reserve A Portion Of Common Stock For Customers

Holmdel, NJ, May 8, 2006 - Vonage Holdings Corp. today announced the launch of a Directed Share Program as part of its proposed initial public offering (IPO) of common stock, which will allow eligible customers to purchase shares at the IPO price.

To be eligible to purchase common stock at the IPO price in the Vonage IPO, customers must meet strict eligibility criteria. Vonage customers may be eligible to participate if they meet all of the following criteria:

they opened accounts with Vonage America on or prior to December 15, 2005, and

maintained their accounts in good standing through February 1, 2006, and

are a U.S. citizen, and

reside in the U.S. when the offering closes, and

have a valid social security number

Customers do not need to continue to be Vonage account holders to participate in the program.

Vonage employees can not answer any questions on this subject.

A registration statement relating to our common stock has been filed with the Securities and Exchange Commission but has not yet become effective. The common stock may not be sold nor offers to buy be accepted prior to the time the registration becomes effective. A copy of the prospectus for the proposed offering may be obtained from:

Cindy Capone
Re: Prospectus Request
23 Main Street
Holmdel, NJ 07733

Re:Reelin' 'Em in I see (1)

jessedh (751527) | more than 8 years ago | (#15300873)

Before I registered I did this...

                Registrant:
              vonage holdings
              23 Main Street
              Holmdel, NJ 07733
              US

              Domain Name: VONAGEIPO.COM

              Administrative Contact , Technical Contact :
              vonage holdings
              itadmin@vonage.com
              23 Main Street
              Holmdel, NJ 07733
              US
              Phone: 732-365-2603 ...and it is legit

Re:Reelin' 'Em in I see (1)

ivan256 (17499) | more than 8 years ago | (#15300901)

Just curious... Let's say somebody got my vonage username and password. Aside from checking my voicemail and canceling my service, what exactly do you think they'd do with it? Phishing scams usually phish for something, you know... Profitable. You can't even get enough personal info out of somebody's Vonage account page to make a reasonable attempt at identity theft.

Go ahead and try to log in. Go ahead - I'll wait. Can't can you?

I hadn't tried it until I saw your post, but I went back and dug up the e-mail figuring I could always change my vonage password afterward... You can indeed log in. I got bored with the forms, so I didn't go through the whole process, but the summary says they don't take any of your financial information, they just do the standard risk tolerance questions that you have before buying any IPO stock and then refer you to an independent brokerage.

If this is a phishing scam, it's run by clinically dumb people.

Re:Reelin' 'Em in I see (1)

Evro (18923) | more than 8 years ago | (#15300942)

I guess your post was tongue-in-cheek, but the domains are registered to the same physical address and the IPO is discussed in their press room on vonage.com.

http://whois.domaintools.com/vonageipo.com [domaintools.com]
http://whois.domaintools.com/vonage.com [domaintools.com]
http://www.vonage.com/corporate/press_releases.php ?PR=2006_05_08_0 [vonage.com]

Missing steps 4-7 (1)

papaia (652949) | more than 8 years ago | (#15300476)

Went through the whole process, as instructed on their web site, but step "4" is missing ...

Re:Missing steps 4-7 (1)

imadork (226897) | more than 8 years ago | (#15300606)

Safari doesn't render page 4 correctly. I had to use Firefox on the Mac. The site claims to only work with IE.

Re:Missing steps 4-7 (1)

Tenebrious1 (530949) | more than 8 years ago | (#15300694)

Went through the whole process, as instructed on their web site, but step "4" is missing ...

Step 4 is "Profit!" You don't see it because it's a scam the scammers are the ones who "Profit!".



Ok, really, I don't know if it's a scam or legitimate. But someone other than me always seems to "Profit!".

Re:Missing steps 4-7 (0)

Anonymous Coward | more than 8 years ago | (#15300817)

I had the same problem with my handy Firefox browser. Then went back and tried with Explorer.

It works fine with Explorer. Looks like the vonage ipo website developer only tested with Explorer?

correction (0, Troll)

kh4n (229345) | more than 8 years ago | (#15300480)

I just recieved voicemail on my Vonage phone saying that Vonage is going IPO, and that slashdotters may be eligible to purchase worthless stock at rip-off attic pricing. More information is is available on slashdot.com

I sense... (1)

Billosaur (927319) | more than 8 years ago | (#15300483)

...a great distrubance in The Force.

IPO = more reliability/quality? (1)

bepolite (972314) | more than 8 years ago | (#15300489)

I have accounts with 2 VOIP providers on 2 different ISPs and still have reliability issues. When everything is working correctly it's *great*, but when there are problems it's very bad. I hope that the extra money from the IPO helps them improve reliability and call quality and not just "enhance shareholder value" (not that there's anything wrong with that!).

Re:IPO = more reliability/quality? (1)

Mantorp (142371) | more than 8 years ago | (#15300689)

I've been using lingo.com for over a year, the only issues I've encountered had to do with my ISP. I pay $20 per month and get unlimited calling to North America and Western Europe, can't beat it (email me and I'll get us both a free month :)). Which voip providers do you use that give you problems?

Re:IPO = more reliability/quality? (1)

avdp (22065) | more than 8 years ago | (#15300958)

Unfortunately, they are completely at the mercy of YOUR isp as far as their reliability is concerned. I have been a customer with them for several years now, and I have yet to have a problem with them that wasn't related to my ISP. Thankfully I have very rarely problems with internet connection, so I am a very satisfied Vonage customer as far as reliability is concerned.

Now, their customer service people are aweful. I only had to deal with them once ever, that was this weekend. Basically after years of good service my original Cisco ATA died. It took about an hour on the phone (talking to several indian people) for them to acknowledge that very obvious fact (my router did not see any traffic coming from the ATA at all). And at the end, their "solution" was for me to go to Best Buy and get a new one at my own expenses (and I can't fill the mail-in rebate because I am not a new customer). That of course, did indeed fix the problem, but left me $60 poorer.

An IPO as new customer lure? (1)

darjama (973953) | more than 8 years ago | (#15300494)

Part of me can't help but wonder if this isn't a way to try and draw in customers, people who see it as a way of getting in on their IPO. I'm a current customer, and I'm considering putting a few ducats into it.

Re:An IPO as new customer lure? (1)

BarC0d3z (825670) | more than 8 years ago | (#15300514)

Only eligible for the IPO if you were a customer between Dec 2005 and Feb 2006. Don't have to be a customer now. And anyone joining now won't qualify.

Re:An IPO as new customer lure? (1)

Chris-the dude (718279) | more than 8 years ago | (#15300533)

I am a vonage customer and I got both the voicemail and the email about the IPO. To participate you had to be a customer between december 15 2005 and February 1 2006

Vonage IPO Questions? (1)

digitaldc (879047) | more than 8 years ago | (#15300519)

Hope this helps

Contact Questions [vonageipo.com]
You may wish to speak with an independent financial or tax advisor before making any decision to purchase Vonage common stock. Neither Vonage nor any of the underwriters are recommending that you purchase Vonage common stock in this program, and they cannot advise you on whether or not to make such an investment.

Contact Us
Technical Customer Care
Phone: (866) 431- 9801
Hours: Open 7 days a week from 8:00 am EST to 8:00 pm EST

Legit or not? (3, Informative)

robbo (4388) | more than 8 years ago | (#15300537)

Vonage is indeed doing an IPO and they announced [vonage-forum.com] a few days ago that US customers are eligible to buy in. However, the site linked [vonageipo.com] in this story looks like a phishing scam.

It's legit. (1)

chipster (661352) | more than 8 years ago | (#15300723)

Using that site and providing simply my vonage account no. and my zip code, it auto-populated my address, etc, and now I'm good to go.

It also forces you to use one of three "limited purpose brokerages" - Smith Barney, UBS, or Deutsche Bank Alex.Brown.

Re:Legit or not? (1)

Peyna (14792) | more than 8 years ago | (#15300769)

Not a very good phishing scam. It asks for your Vonage account number, credit card billing zip code and account e-mail address. After that you are required to make a new account with them. If you lose your password, all you can do is get your password e-mailed to you. It doesn't seem to me like they're going to be able to do much.

Not to mention that it appears Vonage did register that domain and if it is a phishing scam it's one of the most detailed and elaborate ones I've ever seen.

Re:Legit or not? (2, Informative)

mtmra70 (964928) | more than 8 years ago | (#15300804)

Seems legit to me. DNS entries match to the 'T'.

    Domain Name: VONAGE.COM

      Administrative Contact , Technical Contact :
      Holdings, Vonage
      itadmin@vonage.com
      23 Main Street
      Holmdel, NJ 07733
      US
      Phone: 732-365-2603

      Record expires on 12-Dec-2008
      Record created on 12-Dec-2000
      Database last updated on 30-Jun-2004

Domain Name: VONAGEIPO.COM

      Administrative Contact , Technical Contact :
      vonage holdings
      itadmin@vonage.com
      23 Main Street
      Holmdel, NJ 07733
      US
      Phone: 732-365-2603

      Record expires on 25-Apr-2012
      Record created on 20-Feb-2006
      Database last updated on 08-May-2006

Also, if you try to register with bunk info, you get the following:

Registration Failed

The information you supplied did not match any record for a Vonage America customer that may be eligible to participate in the Vonage Customer Directed Share Program.

If you are having trouble registering, please try the following tips:

Vonage Account Number

To find your Vonage account number, please log into your Vonage web account, located at www.vonage.com. Once you log on, you will see your 10-digit Vonage account number in the top right corner of the screen.

Zip Code in the Credit Card Billing Address

You must enter the 5-digit zip code on record with Vonage as part of your billing address as of February 1, 2006. If you have changed your billing address since February 1, 2006, you must use the previous zip code.

E-Mail

You must enter the e-mail address at which the Vonage account holder was receiving Vonage e-mails as of February 1, 2006. This e-mail address is the address to which Vonage may have sent an e-mail notifying you of the Vonage Customer Directed Share Program. This e-mail address does not need to be valid as of today's date, and you will have an opportunity to update this e-mail address later.

Re:Legit or not? (1)

avdp (22065) | more than 8 years ago | (#15300805)

But it isn't... It's completely legit. In additional to the email, all the customers (myself included) got a system broadcasted voicemail. I don't think that spammers/fishers would be able to do that. The voicemail has the same information as the email did.

I also know the email is most likely legit because it was sent to a very specific email address that only Vonage knows and uses (I create a new email alias for each company I deal with. That way I can delete that email address if it gets abused by that company, or a third-party affiliate of that company).

I guess it may have been a mistake on their site to make a brand new domain name for this stuff - not sure what the reason for doing it, but in this day and age it does indeed raise flags about fishing.

$$ made from IPO (1)

dantheman82 (765429) | more than 8 years ago | (#15300553)

should help to offset pain and suffering experienced when switching to their service, complete with noise, static, and horrible customer service. Perhaps DELL should offer short opportunities when they have bad experiences with customers...

Need to be a citizen? (1)

srikan2 (110605) | more than 8 years ago | (#15300554)

I got this mail yesterday, and went and tried to register. However, apparently, permnent residency in USA is not sufficient for that. You need to be a citizen (need to a check a box confirming that "I am a US Citizen" before completing registration).

I've never come across this in any stock/share investing situations....

Re:Need to be a citizen? (1)

avdp (22065) | more than 8 years ago | (#15300980)

I am in the same boat too, and I did find that strange. I wondered if it was a mistake (misunderstanding regulations or whatever) or intentional. It is probably the first time ever that I see myself excluded from something financial from being a permanent resident. None of my banks, credit cards, brokerage firms, or mortgage companies has ever treated me any differently from being a permanent resident.

Oh well. It doesn't matter much, I doubt I would participate in this anyway. Much too speculative for my taste.

Re:Need to be a citizen? (0)

Anonymous Coward | more than 8 years ago | (#15300996)

True - what a shame for expat workers like me.

I have been such a loyal Vonage customer for the past 2 years and
now I can't participate in the IPO just because I am not a citizen.

Gosh - I pay more taxes than the national average. What a rip off ?

Looks Legit to me (0)

sgar (859603) | more than 8 years ago | (#15300557)

Here's a copy of the WHOIS data fro vonageipo.com. Certainly looks valid...

              Registrant:
              vonage holdings
              23 Main Street
              Holmdel, NJ 07733
              US

              Domain Name: VONAGEIPO.COM

              Administrative Contact , Technical Contact :
              vonage holdings
              itadmin@vonage.com
              23 Main Street
              Holmdel, NJ 07733
              US
              Phone: 732-365-2603

              Record expires on 25-Apr-2012
              Record created on 20-Feb-2006
              Database last updated on 08-May-2006

This isn't news (1)

DrSbaitso (93553) | more than 8 years ago | (#15300561)

They filed their S-1 a while back. The story is true, despite commenters' claims to the contrary.

Vonage S-1 [sec.gov]

Get in on this (0)

jzuska (65827) | more than 8 years ago | (#15300569)

You all seem to be down on Vonage. It has nothing to do with Losses. VOIP is HOT now hotter, possibly, than Google. You can make a ton of money here and you are all going to lose out. I'm all in.

Sounds like a winner to me...or not (1)

cdrudge (68377) | more than 8 years ago | (#15300574)

From their SEC filings [sec.gov] :
Our revenues were $18.7 million in 2003, $79.7 million in 2004, $269.2 million in 2005 and $118.9 million for the three months ended March 31, 2006. While our revenues have grown rapidly, we have experienced increasing net losses, primarily driven by our increase in marketing expenses. For the period from inception through March 31, 2006, our accumulated deficit was $467.4 million. For 2005 and the three months ended March 31, 2006, our net loss was $261.3 million and $85.2 million, respectively and our marketing expenses were $243.4 million and $88.3 million, respectively.
Sounds just like a .com of yesteryear winner with expenses nearly 2x the revenue.

Re:Sounds like a winner to me...or not (1)

truthsearch (249536) | more than 8 years ago | (#15300771)

Except they have a real business plan.

Re:Sounds like a winner to me...or not (1)

avdp (22065) | more than 8 years ago | (#15300881)

Well, with the revenue growth they're seeing, it's a lot better than the dotcoms of yesteryears. And they are undoubtedly the number 1 player in their fast growing field. Yes, they're spending a lot on marketing, and someday they'll have to pull back a bit on that to transform revenue into profit. Marketing expense is something they can control and reduce at will. I'd be more concerned if their fixed overhead (like maintaining their network, etc) was higher than their revenue.

Most of the docoms that died simply did not have a business plan that could generate a profit. It was the classical 3 step process of 1.create a dotcom 2.??? 3.Profit! - and there simply was no #2 in sight.

(of course it'd be very unwise to make investment decisions based on my personal opinion)

Re:Sounds like a winner to me...or not (0)

Anonymous Coward | more than 8 years ago | (#15300972)

Has their profit to earning ratios gone down over time or up? Does anyone know if the problems they face now are because they have too much capital (equipment) and not enough customers or that it simply costs too much at this point to provide the service and they cannot charge a rate high enough to recover those costs?

Citizenship requirements for Vonage IPO (1)

sisukapalli1 (471175) | more than 8 years ago | (#15300604)

I have been a Vonage customer for a while and got the IPO email. However, the requirement seems to be that one needs to be a US citizen (which I am not). I wonder what the reason for this requirement is. I tried calling their number, but that was just a "outsourced" prospectus company. I am willing to risk a few bucks but seems like I may not get a chance.

S

Going "public," you mean (1)

mnemonic_ (164550) | more than 8 years ago | (#15300653)

I wonder how many slashdotters know what "IPO" even means.

Re:Going "public," you mean (1)

Chris Pimlott (16212) | more than 8 years ago | (#15300684)

I wonder how many slashdotters know what "IPO" even means.

Just about all the ones that were alive during the first dot-com boom...

Not a Hoax (0)

Anonymous Coward | more than 8 years ago | (#15300679)

I can't belive after 40+ comments already, nobody took the time to check the "real" Vonage web site. See press release here:
http://www.vonage.com/corporate/press_releases.php ?PR=2006_05_08_0 [vonage.com]

Crap IPO (0)

Anonymous Coward | more than 8 years ago | (#15300698)

Service from experience, and technical support are absolute bust. I can't expect the IPO to be taken seriously by those who know the company. I used to work for them and the internal management has NO idea on how to deal with the uncoming issues with respect to Cable companies just salivating on another way to charge the end user. The bad press will continue to mount with the introduction of bills to make inroads to both Cable companies with telcoms outside of its work space.

Basically #1. crap service, #2. end user loyal base is NOT there, #3. Cable company tax on the VoIP service - just look at T-Mobile's new flag for VoIP over data lines, er lack there of!, and #4. Goverment sanctions/tarrif taxes, deregulation, and its will to try and catch up to the 10 year hiatous from telcom regulation.

IPO is to late to mean anything, and they are simply trying to rectify to try and survive the above formentioned notes.

Either it's spam, or it's a scam (1)

massysett (910130) | more than 8 years ago | (#15300787)

So, there are two possibilities here. First, maybe this is a phishing scam. Second, maybe the voicemail is "legitimate," in which case Vonage is using its voicemail system to spam its customers.

Either way the answer is obvious: don't touch the stock.

Re:Either it's spam, or it's a scam (1)

loyd86 (806552) | more than 8 years ago | (#15300900)

The whois for the vonageipo site seems to check out, the DNS servers are the same. I could not find a link to the vonageipo.com website on vonage.com though.

Vonage (1)

certel (849946) | more than 8 years ago | (#15300795)

I'm going to open an IPO for my company. Anyone interested? :)

I signed up (1)

esconsult1 (203878) | more than 8 years ago | (#15300834)

For people NOT having a vonage account and who never used vonage, this makes no sense, and they should probably be wary of phishing scam.

However, for people like myself using vonage for 2+ years now, it immediately makes sense. I registered and am now waiting for the time when I can buy my shiny new stock certificates.

Considering that the email NEVER went to the people who DO NOT use vonage, well... the aluminum foil is just seeping into your crania right about now and polluting your otherwise smoothly functioning thought process.

Hells yeah! (1)

singingjim (957822) | more than 8 years ago | (#15300906)

How often do average blokes such as ourselves get a chance to get a crack at an IPO? Not very often to be sure, if ever. Most IPOs go through large investment houses that require you to be a customer and have more money than God deposited there to qualify for IPO shares. I think this is a good opportunity for us Vonage customers and am signed up and raring to get a hundred shares hopefully. At worst I'm out around $1600, but if Vonage doesn't screw things up, the upside could be the downpayment for a house. I'm in. I'll hopefully be "touching" some Vonage stock at ground floor prices. Eat your hearts out traditional landline losers! =]
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