Things are looking slightly better or slightly worse for Vonage, depending upon how you read the financial results. On one hand, they’re adding subscribers and inching slowly closer to the critical mass they need in order to actually make money. On the other hand, their revenue is approaching six-hundred million. And I’ve always thought, if you can’t find a way to post a profit with that kind of revenue, that you have a serious problem. Like the problem GM and Ford have. Mounting debt and no angels in sight.

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