Following close on the heels of the news that Verizon is suing Vonage for some sort of patent infringement, upstart VoIP Service Providers declined about $1.09 a share today, down to about $8.51 a share.
Which means, those who paid $17 a share for the IPO, is now down 50%. It just keeps getting uglier…. doesn’t it! (Our poll results are here. 62% predicted that the stock was going to go below $10 a share. )