The Verizon battle with Vonage over patents in many ways reminds me of the tortoise and the hare. Sure that an old fable for children, but when one looks at Verizon one can only see the slower moving, hard shell the company puts out.
But this is more like a cartoon, or soap opera.
Consider this. Vonage came out of the blocks like the Roadrunner. Now it seems the Wylie Coyote like Verizon may be winning the race.
My view is that with VONAGE stock now at 3 dollars a share that there is panic in New Jersey despite the press release on Friday that was done to ally fears amongst investors. With the amount of money Vonage has in the bank, about half a billion, and with what they now owe Verizon, plus a mounting legal bill, the best move is a sale....
Some may think Verizon end up with it, but there may be another suitor who has the technology and would be desiring the customer base out there.