Vonage files for $250 million IPO
Vonage said Wednesday it plans to raise up to $250 million in an initial public offering and that the Internet phone upstart is replacing its chief executive Jeffrey Citron with a veteran of home security firm ADT.
The Holmdel, New Jersey-based firm said Mr. Citron will turn over his role to Mike Snyder, a former ADT president. Mr. Citron, who has had legal troubles but owns a huge stake in the company, will become chairman and chief strategist.
Read the complete story here. (Red Herring)
Nortel settles class action suit for $2.5 billion
- Move over Aibo... here comes Pleo
- MP3car.com launches Streetdeck car computer
- European Commission refrains from mandating DVB as its DTV standard
- Alcatel, Samsung team on WiMax
- Microsoft to offer PC care package for $50 per year
- Iogear releases new USB print server
- Net's dad wants net neutrality
- Skype to provide exclusive calling features for Intel dual-core platforms
- Investor Carl Icahn recommends breakup of Time Warner
Spansion beats Intel in Q4 NOR Flash sales
- DTV transition date of 17 February 2009 signed into law
- University of Wisconsin builds world's fastest digital camera
- Merom notebooks to launch operating system from Flash memory
- EC denies Microsoft deadline extension, while the company cries foul
- Freescale, Nokia and Symbian collaborate to develop 3G single core reference design
- A-Data and Transcend lower proportion of NAND flash memory products amid falling prices
- Wistron and Asustek to see highest shipment growth among Top 5 Taiwan notebook makers
- AUO aims to grab 20% of global LCD TV panel market this year
- Antitrust concerns over Vista are raised
Sponsored
See more
Latest news
Miscellaneous Previous news
Partners
