This is mainly referring to their submit to Apple for an iPhone App. However, it would be stupid to limit it to just AT&T customers, in my opinion.
So, anyway, maybe there's hope there for you Englishpanther!
August 25, 2009, 5:42 pm
Vonage Plans Mobile App; No Comment On Stock Move
Posted by Eric Savitz
In response to
a huge rally today,
Vonage (VG) said in a statement this afternoon that it “doesn’t specifically comment on short-term fluctuations in market activity.”
But the company also noted several recent developments that may be contributing to the sudden enthusiasm for the company’s shares:
“Three weeks ago, the company announced financial results which included record adjusted EBITDA of $31 million, positive net income for the first time in the company’s history and positive cash flow. Last week, the company launched Vonage World which provides flat rate unlimited calling to over 60 countries with unlimited readable voicemail (visual voicemail). Initial interest has been strong. Additionally, the company previously announced that it expects to enter the mobile applications market, which has garnered a great deal of attention in recent weeks and months.”
I’m not sure precisely when the company announced plans to enter the “mobile applications market,” but what it suggests is that Vonage intends to take the
Google Voice route and seeks access to the sacred space that is the
Apple (AAPL) iPhone App Store. There aren’t a lot of details on the company’s plans for the mobile market, but simply putting the words Vonage and App Store in the same sentence certainly has the potential to spark investor interest.
At the end of the day, what we’ve got here is plenty of tinder; why it burst into flames is hard to tell.
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