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 Vonage Holdings Corp. Reports Third Quarter 2007 Results

Vonage Press Releases

- Third Quarter Revenues Grow 30% to $211 Million - - Adjusted Loss from Operations Excluding Charges(1) Narrows to $1 Million - - Net Loss Excluding Charges(2) Narrows to $16 Million from $62 Million Year-over-Year - - Company Generates Positive Cash from Operations in the Third Quarter 2007 -

HOLMDEL, N.J., Nov 08, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone service, today announced results for the quarter ended September 30, 2007.

Revenue for the third quarter 2007 grew to a record $211 million, a 30% increase from $162 million in the third quarter 2006, driven by customer line growth and an increase in average revenue per line.

Adjusted loss from operations excluding certain charges(1) narrowed to $1 million, a 98% improvement from $53 million in the third quarter 2006 and an improvement from $3 million sequentially. The Company expects to generate positive adjusted operating income for 2008.

Net loss excluding certain charges(2) narrowed to $16 million, or $0.10 per share, from $62 million or $0.40 per share reported in the third quarter 2006. Including these charges, third quarter 2007 GAAP net loss was $162 million.


 Posted by Vonage on Saturday, November 10 @ 03:35:26 UTC
 (1086 reads)
Read More: Vonage Holdings Corp. Reports Third Quarter 2007 Results

 Vonage and Verizon Settle Patent Dispute

Vonage Press Releases

Settlement Cost Capped at Additional $32 Million

HOLMDEL, N.J., Oct 25, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage today announced that the cost of its settlement of a patent dispute with Verizon will be effectively capped at a maximum of $32 million, in addition to the $88 million already accrued and held in escrow. The $88 million includes a $66 million cash-collateralized bond, a $12 million second-quarter escrow payment, and a $10 million third-quarter escrow payment made in the fourth quarter of 2007.

Vonage and Verizon earlier today announced they have agreed to resolve their patent lawsuit. The terms of the resolution depend on how the Court of Appeals decides Vonage's pending petition for rehearing regarding two of the Verizon patents (the '574 and '711). If Vonage wins rehearing on either the '574 or '711 patent or if the injunction is vacated as to the '574 or '711 patent, Vonage will pay Verizon $80 million. If Vonage does not win rehearing on either the '574 or '711 patent, or if the stay is lifted reinstating the injunction, Vonage will pay $120 million, which includes $2.5 million payable to certain charities.


 Posted by Vonage on Thursday, October 25 @ 18:47:08 UTC
 (883 reads)
Read More: Vonage and Verizon Settle Patent Dispute

 Vonage and Verizon Resolve Patent Dispute

Vonage Press Releases

HOLMDEL, N.J., Oct 25, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- In June 2006, Verizon Services Corp. brought a lawsuit against Vonage Holdings Corp. to enforce several Verizon patents relating to Voice over Internet Protocol (VoIP) services.

In March 2007, a jury held that Vonage is infringing three valid Verizon patents. The jury awarded $58 million in damages. The trial judge subsequently issued an injunction which was stayed pending Vonage's appeal.

In September 2007, the U.S. Court of Appeals for the Federal Circuit upheld the trial court's decisions on infringement, validity, and injunction as to two of the Verizon patents (the '574 and '711) and remanded as to the third patent (the '880). Vonage filed a petition for rehearing which is pending in the Court of Appeals.


 Posted by Vonage on Thursday, October 25 @ 18:45:29 UTC
 (820 reads)
Read More: Vonage and Verizon Resolve Patent Dispute

 Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Third Quarter 2007 Financial Results

Vonage Press Releases

HOLMDEL, N.J., Oct 16, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of broadband telephone services, will report its financial results for the third quarter ended September 30, 2007 on Thursday, November 8, 2007. The earnings release will be available on Vonage's Investor Relations website at http://ir.vonage.com.

Management will host a webcast discussion of the quarter's results on Thursday, November 8, 2007 at 10:00 AM Eastern Time. To participate, please dial (800) 289-0544 approximately ten minutes prior to the call. International callers should dial (913) 312-1294. A replay will be available approximately two hours after the conclusion of the call until midnight November 22, 2007, and may be accessed by dialing (888) 203-1112. International callers should dial (719) 457-0820. Replay Passcode: 3966043


 Posted by Vonage on Tuesday, October 16 @ 11:55:02 UTC
 (902 reads)
Read More: Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Third Quarter 2007 Financial Results

 Vonage Requests Rehearing of Verizon Patent Decision

Vonage Press Releases

HOLMDEL, N.J., Oct 10, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage announced today that the company has filed a motion for a review by the original three-judge panel or the full panel of the U.S. Court of Appeals for the Federal Circuit sitting en banc of the September 26 decision in its patent litigation with Verizon. En banc signifies a decision by the full court of all the appeals judges in jurisdictions where there is more than one three- or four-judge panel.

On September 26, the U.S. Court of Appeals for the Federal Circuit partially remanded a March 8 jury verdict in the U.S. District Court in Alexandria, Va. that the company infringed on three Verizon patents. The U.S. Court of Appeals for the Federal Circuit remanded the infringement verdict on the 880 patent and affirmed the verdict on one patent claim in each of the 574 and 711 patents. Further, the Court of Appeals vacated the entire award of $58 million in damages and the 5.5 percent royalty. The Court of Appeals remanded the case to the U.S. District Court and directed that the court retry those aspects of the original case.


 Posted by Vonage on Wednesday, October 10 @ 23:58:29 UTC
 (1793 reads)
Read More: Vonage Requests Rehearing of Verizon Patent Decision

 Vonage and Sprint Settle Patent Dispute

Vonage Press Releases

HOLMDEL, N.J., Oct 08, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage today announced that it has settled its pending patent dispute with Sprint Communications LP and entered into a licensing arrangement under Sprint's Voice over Packet ("VOP") patent portfolio. The parties have entered into an agreement to resolve this patent dispute as well as entered into a business relationship. In addition, Sprint has agreed to license Vonage its VOP portfolio.

The agreement is valued at $80 million, including $35 million for past use of license, $40 million for a fully paid future license, and $5 million in prepayment for services. On September 25, 2007, a Kansas jury handed down a verdict finding that Vonage had infringed six Sprint patents.


 Posted by Vonage on Monday, October 08 @ 12:04:46 UTC
 (736 reads)
Read More: Vonage and Sprint Settle Patent Dispute

 Sprint Nextel and Vonage Settle Patent Dispute

Vonage Press Releases

Settlement Terms Include One-Time Payment to Sprint and Licensing Agreement that Provides Vonage with Use of Sprint Patents

OVERLAND PARK, Kan. and HOLMDEL, N.J., Oct 08, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Sprint Nextel (NYSE: S) and Vonage (NYSE: VG) today announced that they have settled their ongoing patent dispute and entered into a licensing arrangement under Sprint's Voice over Packet ("VOP") patent portfolio. On September 25, 2007, a jury in the U.S. District Court in Kansas City, Kan., found that Vonage had infringed six Sprint patents. The settlement agreement resolves all claims related to this dispute.

In addition, Sprint has agreed to license Vonage its VOP portfolio, which comprises more than 100 patents covering different methods, components and systems that efficiently connect telephone calls between a regular telephone network and a packet-switched network such as the Internet.


 Posted by Vonage on Monday, October 08 @ 12:02:33 UTC
 (716 reads)
Read More: Sprint Nextel and Vonage Settle Patent Dispute

 Vonage Receives Partial Remand in Verizon Patent Litigation

Vonage Press Releases

Case Returns to Lower Court for Retrial; Vonage Continues Delivering Uninterrupted Service to Customers

Holmdel, N.J., Sept 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage announced today that the U.S. Court of Appeals for the Federal Circuit today partially remanded a March 8th jury verdict in the U.S. District Court in Alexandria, Va. that the company infringed on three Verizon patents. The U.S. Court of Appeals for the Federal Circuit remanded the infringement verdict on the 880 patent and affirmed the verdict on the 574 and 711 patents. Further, the Court of Appeals vacated the entire award of $58 million in damages and the 5.5% royalty. The Court of Appeals remanded the case to the U.S. District Court and directed that the court retry those aspects of the original case.

In light of the workaround technology that Vonage has developed and deployed, today's decision is not expected to have an adverse impact on Vonage's business and customers will continue to enjoy the same great service they have come to expect from Vonage. Workarounds to the 711 patent and the 574 patent have been deployed for awhile.


 Posted by vonage on Wednesday, September 26 @ 12:55:00 UTC
 (849 reads)
Read More: Vonage Receives Partial Remand in Verizon Patent Litigation

 Vonage to Appeal Court Decision in Sprint Patent Suit

Vonage Press ReleasesHOLMDEL, N.J., Sept 25, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Vonage announced that it will seek to overturn today's U.S. District Court jury verdict in a patent infringement lawsuit brought by Sprint Communications Company L.P. and continue focusing on providing reliable, quality digital phone service.

Federal court jurors in Kansas City, Kansas ruled in favor of Sprint, finding that Vonage had willfully infringed Sprint's patents in providing its VoIP telephony services, and awarding $69.5 million in damages, which the jury found to be five percent of Vonage's revenues over the infringing period. Vonage will ask the court to set aside the verdict, and if it is not granted, will vigorously pursue an appeal of the decision, including the underlying issue of liability and the willfulness aspect. Vonage believes any damages awarded are inappropriate. In addition, we will seek to develop technological workarounds that don't infringe on Sprint's patents.


 Posted by vonage on Tuesday, September 25 @ 14:44:40 UTC
 (784 reads)
Read More: Vonage to Appeal Court Decision in Sprint Patent Suit

 Vonage Brings Customers the World for Less With Hassle-Free Unlimited International Calling Plans

Vonage Press Releases

Vonage Offers Low Priced Unlimited Calling Packages to Over 75 International Locations

HOLMDEL, N.J., Sept 10, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- To give customers an easy, affordable way to stay in touch with family and friends across the globe, Vonage, a leading provider of digital phone service, today announced the availability of five unlimited international calling plans. With these calling plans, Vonage continues to unveil innovative services that are relevant and responsive to the way customers want to communicate and live.

These unlimited calling plans are available for new and existing U.S. customers that subscribe to Vonage's Premium Unlimited Residential Plan. Customers are still given the added benefit of one cent per minute calling to several locations such as Mexico City and China, in addition to free calls to France, UK, Italy, Spain, and Ireland. **


 Posted by vonage on Monday, September 10 @ 22:29:40 UTC
 (828 reads)
Read More: Vonage Brings Customers the World for Less With Hassle-Free Unlimited International Calling Plans

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†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

** Certain call types excluded.

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