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Vonage's Citron implies open to buyout talks

Two quotes from Vonage Chairman and Chief Strategist Jeffrey Citron's presentation at the Reuters Media Summit Friday afternoon are definitive indicators of Vonage's future plans.The first is that Vonage's technology could be embedded in near-future generations of Wi-Fi enabled handsets laptops (which almost all new laptops are these days).
Written by Russell Shaw, Contributor
jeffcitron2.jpg
Two quotes from Vonage Chairman and Chief Strategist Jeffrey Citron's presentation at the Reuters Media Summit Friday afternoon are definitive indicators of Vonage's future plans.

The first is that Vonage's technology could be embedded in near-future generations of Wi-Fi enabled handsets laptops (which almost all new laptops are these days).

"We expect next year, 2007, to release a next generation Wi-Fi product to continue to pursue making those services more available here," said Citron, who is pictured above. "There's so much possibility out there with the construction of mobile Wi-Fi networks going up all over the place, much of that construction is expected to be complete during the 2007, 2008 timeframes."

And as to the handsets: "For us it will be another generation of handsets for sure, and those handsets will of course ... take advantage of the new trends in this space."

Most Vonage users already have a cell phone. What makes Citron think they are going to undertake a massive shift in their communications habits to shift to WiFi? 

Does Citron think the cell phone manufacturers, who are in bed with the existing cell phone networks who are already competing with Vonage on VoIP, will just roll over and welcome these Vonage services with open arms?

Then in the same presentation, Citron was asked if Vonage might ever talk to a cable broadband provider or to private equity about a buyout.

Jeff didn't say "we never talk about future plans."

Here's what he did say:

"I think we're open to exploring all transactions that would create value to our shareholders."

Not pausing to critique Citron's grammar, but his choice of words.

Sounds kind of open to a buyout if you ask me.   

 

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