Russell Shaw over at ZDNet has some insights into Packet8's recent quarterly report where it appears Packet8 is bleeding money. Russell suggests that Packet8 "pack it up pack it in" and sell to Sprint or Quest.
May I suggest that all their marketing dollars spent on product placement in shows like 24 and Alias be pulled back? Of course, there is the argument that the worse thing you can do when losing money is to cut your marketing budget. Marketing helps bring in business after all.
You should also check out Russell Shaw's new Streaming Media blog which I configured for him recently on our blog server. Welcome to the TMCNet blogging community Russell!
Packet8 financial status
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Packet8 financial status TrackBack URL : http://blog.tmcnet.com/mt/mt-tb.cgi/12085
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Related Entries
- Military Suspension Plan from VoIP Providers - Who's Going to Step Up?
- sipgate enters U.S VoIP Broadband Market offering free calls
- DNS Issue Temporarily Cripples Packet8 VoIP Service
- Toktumi Now Offered on Dell VoIP Website
- Comcast Best in VoIP Quality, AT&T Best in VoIP Reliability
- Vonage Lives to Fight Another Day...
- Windows Live Messenger Back in the VoIP game!
- ITEXPO West 2008 a Resounding Success
- Microsoft Response Point Adds T1 Support and SIP Trunking Service Providers
- Level 3 & Packet8 major outage
Can someone answer me this:
After all the failures, all the lousy 10-Q reports, CUSA "mistakingly" dropping Packet8 from the shelves..... why does the CEO of this company still have a job?
Russell Shaw apparently never read the 10Q for any startup company (or probably any other). To avoid shareholder suits, they're ALWAYS doom-and-gloom, we'll go out of business if we don't get more money, etc.