If you missed the call like I did, Jon Arnold is there to save the day.
Jon has a very highlights driven recap of the call and if you care to know what happened, you should click over and see what you missed hearing.
What I'm sensing about the departure of Snyder is that he didn't see an upside anytime soon. Here's a career executive type, recruited by the investors to lead the company, and then he finds out:
1) What they have isn't all that it sounded like
2) His options are worthless than if he executes them
3) He's going to be the fall guy for a law suit that is hurting the company even though its not his fault
If anything what should have been done around the Verizon issue was really simple.
Pay the royalty, come up with a workaround that doesn't infringe on the patent, and move forward. If anything Snyder was in the wrong place at the wrong time and all the ills Vonage has fall to the founding team that took it public. A team which, unlike Snyder, has made their money on Vonage.
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