Worst ipo since 2004

Posts: 62 · Full Forum Member Joined: Apr 29, 2005 Posts: 62

gfoulks wrote:

ckudrna wrote:

I think it is acceptable to shoot Vonage ton of nasty emails. God knows you will never get through to them on the phone.

I am re-evaluating getting a copper wire phone line and ditching Vonage.

I've seen so many posts like this today and I can't seem to wrap my head around the logic.... Everyone knew the risk involved in a position with VG. The IPO didn't do well so your going to send nasty emails to the company and cancel your service?

How about sending nasty emails to all of those fools who have never been in on an IPO who only wanted to make a quick buck. As soon as the stock ticked down they all sold off. The offer was priced according to demand, we were allocated less shares because of demand. If all of those individuals who sold off today had waited a day or two then we would be seeing something different.

We all knew the risk going into this... The only nasty emails you should be sending is to yourself.. The company didn't make you buy the stock you did it on your own with full disclosure.

I am most upset with the udnerwritters pricing of this offering given the demand, and the lack of communication about trading methods. I was unable to trade online which really bothered me. I was also unable to get a sell order filled on a limit order that was 15 cents below the market for over 5 minutes via a smith barney broker.

As Vonage picked these underwritters for this offer, I hold them responsible for making life rough for all of us. With an online trading platform anyone could have traded out of losses and even made gains on the directional momentum of VG today, that does not take rocket science.

Posts: 8

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I've been a Vonage customer for over two years and truly believe that Vonage still have the solid grasp of Voip technology compared to the late comers from Cables firms and telephone providers. My confidence is still high for the company but their IPO offering of $16 -18 was a bit too high.

Consider that not many institutional firms are willing to invest in Vonage fearing competition and lack of proprietary technology to bring down its profit margin.

But as a customer, a networking geek and someone who work for a Financial Information service provider, I may have better understanding what Vonage is capable of and what the market expectation will do to its stock price. The outlook is bleak if Vonage do not change its startegy besides of "sell" Sell.. sell attitude. Unfortunately, most companies including the one I'm working for are making this common mistake to increase its short term profit.

Unfortunately, the expectations were not positive from day one. This is why Vonage relies on existing customers who understand and experience the benefit of price and Voip technology to support its plan for more advertising. Or should we?

We should, as a customer, suggest that more investment in Voip technology, especially in proprietary technologies to remain competitive and be different. Invest more in customer services, technology and infrastructure providing superb quality and reliability. In short,make many customer happy and see that confidence soars.

Will all that make the stock soars? No, not right away since the motive of these investors are to make the highest return no matter the cost. But look at Dell and many other firms who went too far with their offshoring and outsourcing initiatives? Customer service falters and their stock prices plummet.

Customer service quality, happy employee and proprietary technology that differentiate from the competitors are the driving factor for a healthy company and growing stock prices.

I will keep my 100 shares for at least a year and hope for a healthy and differentiated Voip firm.

Posts: 13 · Vonage Forum Associate Joined: Dec 31, 2003 Posts: 13

gfoulks wrote:

I've seen so many posts like this today and I can't seem to wrap my head around the logic.... Everyone knew the risk involved in a position with VG. The IPO didn't do well so your going to send nasty emails to the company and cancel your service?

How about sending nasty emails to all of those fools who have never been in on an IPO who only wanted to make a quick buck. As soon as the stock ticked down they all sold off. The offer was priced according to demand, we were allocated less shares because of demand. If all of those individuals who sold off today had waited a day or two then we would be seeing something different.

We all knew the risk going into this... The only nasty emails you should be sending is to yourself.. The company didn't make you buy the stock you did it on your own with full disclosure.

I agree, this is so typical of people. The people who bailed at the first down-tick are the ones who continued to push the value of the stock down. Then they stand there and complain that the stock tanked and they lost money. To top it all off, they feel anger at Vonage and threaten to change providers. These same people probably check out of their hotel in Vegas after losing at the craps table and swear never to return to that establishment.

Posts: 73 · Posted: Thu May 25, 2006 10:26 am Post subject:

Actually, according to the paper this morning, it is the worst IPO since 2000.

Oh hey! It just went up $.20 to $13.22!!!

Posts: 8 · New Forum Member Joined: May 24, 2006 Posts: 8

Vonage "allowed" us to buy the shares knowing full well that most of the customers had no history of being involved in IPOs. The fact that most of us sold when it started to drop was a natural reaction. I know that I can't afford to lose a certain amount so I sold as soon as It reached 15. To blame the average customer who got some shares for the price drop is just sad.

Posts: 80 · Vonage Forum Senior Joined: May 24, 2006 Posts: 80

holocron wrote:

Actually, according to the paper this morning, it is the worst IPO since 2000.

According to The Wall Street Journal Vonage's debut was the worst since nanotechnology company Lumera, which lost 13.5 percent during its first day of trading in July 2004.

Posts: 4 · New Forum Member Joined: May 24, 2006 Posts: 4

You still don't get it. When you go to Vegas, you know the odds are stacked against you (how else would the casinos make fortunes?) When I purchased Vonage stock at the offering, I wasn't looking for a home run, just a decent investment. I haven't sold, but clearly the underwriters totally blew it in every sense, from pricing to the inability of people to sell, to the high brokerage commissions etc.

primerisk wrote:

gfoulks wrote:

I've seen so many posts like this today and I can't seem to wrap my head around the logic.... Everyone knew the risk involved in a position with VG. The IPO didn't do well so your going to send nasty emails to the company and cancel your service?

How about sending nasty emails to all of those fools who have never been in on an IPO who only wanted to make a quick buck. As soon as the stock ticked down they all sold off. The offer was priced according to demand, we were allocated less shares because of demand. If all of those individuals who sold off today had waited a day or two then we would be seeing something different.

We all knew the risk going into this... The only nasty emails you should be sending is to yourself.. The company didn't make you buy the stock you did it on your own with full disclosure.

I agree, this is so typical of people. The people who bailed at the first down-tick are the ones who continued to push the value of the stock down. Then they stand there and complain that the stock tanked and they lost money. To top it all off, they feel anger at Vonage and threaten to change providers. These same people probably check out of their hotel in Vegas after losing at the craps table and swear never to return to that establishment.

Posts: 73 · Posted: Thu May 25, 2006 10:40 am Post subject:

LDTalk wrote:

holocron wrote:

Actually, according to the paper this morning, it is the worst IPO since 2000.

According to The Wall Street Journal Vonage's debut was the worst since nanotechnology company Lumera, which lost 13.5 percent during its first day of trading in July 2004.

"Shares tumbled 13 percent on their first day of trading -- making Vonage's Wall Street debut the weakest so far this year and the worst for any initial public offering over $500 million since 2000."

From HERE.

That's what it said...

Posts: 80 · Vonage Forum Senior Joined: May 24, 2006 Posts: 80

holocron wrote:

"Shares tumbled 13 percent on their first day of trading -- making Vonage's Wall Street debut the weakest so far this year and the worst for any initial public offering over $500 million since 2000."

From HERE.

That's what it said...

Thank you for the link - the distinction seem to be the size of the IPO. With the Lumera IPO being for less than $500 million, both sources could be right in their reporting...

Posts: 13 · Vonage Forum Associate Joined: Dec 31, 2003 Posts: 13

azranch wrote:

You still don't get it. When you go to Vegas, you know the odds are stacked against you (how else would the casinos make fortunes?) When I purchased Vonage stock at the offering, I wasn't looking for a home run, just a decent investment. I haven't sold, but clearly the underwriters totally blew it in every sense, from pricing to the inability of people to sell, to the high brokerage commissions etc.

You apparently are the one who doesn't get it. Playing in the stock market is just another form of gambling. If you don't understand that the odds are stacked against you in the stock market as well as in Vegas you are naive at best.