Vonage isn't out of the liquidity woods yet, but on Friday the company took a big step in the right direction.Vonage said in a statement Friday that it signed a letter of intent "with a third party financing source" to provide $215 million in private debt financing.
Between the Lines
Larry Dignan and other IT industry experts, blogging at the intersection of business and technology, deliver daily news and analysis on vital enterprise trends.
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.
Rachel King is a staff writer for ZDNet based in San Francisco.
Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.
Okay, I admit, I am an impatient person. I hate waiting in lines.
Are all of those Apple OS X vs. Vista commercials making an impact?
Microsoft's Siliverlight is 104 days away from its Olympics close-up and partner NBC is tweaking its site hoping to use qualifying rounds as a testing ground.That's the big takeaway from ZDNet Asia's Victoria Ho's interview with Perkins Miller, NBC's senior vice president of digital media for Sports and Olympics.
Opera released the second beta of its Opera 9.5 browser and typically I'm skeptical of both betas and alternative browsers.
Notable headlines:Adrian Kingsley-Hughes: XP SP3 performance gains - Nothing to write home aboutLarry Dignan: Microsoft's quarter, outlook mixed; Client revenue misses; Xbox shinesNews.com: Ballmer: You want XP, we'll keep XPYahoo rolls out the welcome mat to developers; Plots major profile integration.
Update: Microsoft CFO Christopher Liddell said Thursday that Yahoo had "unrealistic expectations" about the price it could fetch and reiterated the software giant could walk away from the deal.Liddell's comments came on Microsoft's third quarter earnings conference call (for live coverage see News.
Google has named Benjamin Fried chief information officer. Fried, had been a managing director at Morgan Stanley's Application Infrastructure group.
Yahoo took the wraps off of its Open Strategy (Y!OS) on Thursday at the Web 2.
One of the more interesting lines of Amazon's earnings report was the "other" line, which largely includes Amazon Web Services such as S3 and EC2. Reading the tea leaves it appears that Amazon's side ventures are gaining momentum.