Steve
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(Jun 5, 2006 - 2:50 PM)
First of all, before buying, you should have Googled "Jeffery Citron" and found that he previously had been charge with stock manipulation, prior to starting Vonage. Is this the guy you want handling your life savings? Second, if you had been following the trends, there is a price war going on with Voip, with two competitors to Vonage recently offering 2 full years of unlimited service for a total of $199, or less than $100 per year. No one can make a profit when prices drop that low. And, third, every cable company has a Voip product that they want to sell to their clients, hoping to take some of the profits of the Vonages of the world. Stocks trade on future earnings and the street is telling you that earnings might be a problem. You have a much better chance throwing a dart at a company that makes ethanol fuel, because at least there is no competition in that industry and plenty of room for more companies. Hint, check what the WSJ said about the Verasun IPO for next week.
As for lawyers, nothing good to say about them.
(May 23, 2006 - 1:38 PM)
By the way, thousands of government workers travel with sensitive information on laptops. The ones that the government cares about, are required to be encrypted. Why do they not care enough about data to follow the Hippa Law and encrypt the data? It should not only be the guy who lost the data that pays for this, but his supervisors and IT support for allowing it to be put on a non-encrypted disk.
(May 23, 2006 - 12:44 PM)
In 1981 I worked on Air Force electronic systems. Of the 12 people in my job, 6 had tumors of the Parotid Gland. Five of the 6 were malignant, mine was not. I had it removed in 1981. When it grew back in 1998, I went to the local VA. I told the attending physician I did not give permission for the residents to do the operation, althought they could watch. He ignored my request and left me to the residents to do the operation, which took 16 hours, so they could get trained. He actually left the hospital after a few hours and left me to the residents for 16 hours. After I was unconscious, an unsupervised resident strapped me down to the table, way too tight, cutting off circulation to my legs for 16 hours. I was so badly injured that I could not walk for 18 very painful months. When I complained to my Congressman, I found out that the VA had told the Congressional Staff that my condition was a result of self inflicted wounds. I forced the VA's IG to inspect the hospital and with their findings, I successfully sued the VA, which was not easy, as they cheated every step of the way to try to coverup what happened to me. I would have been safer in a third-world hospital. What faith should I have in them now? With every step I still feel the pain that will be with me for a lifetime.
(May 23, 2006 - 12:23 PM)
This is typical VA. There is no real supervision of this huge department. If you check Title38 Federal Law, you will find that they have the smallest Inspector Generals Department in government and they coverup their errors very well. Several months ago, the whole database of name and addresses for the VA mailorder pharmacy got jumbled and meds were sent to wrong addresses nationwide, but the VA never made it public. In other words, it's better that some of their veterans die, than for the Agency to be Embarrased. Those meds included paperwork with personal information and Federal Law (Hippa) requires it be made public. If you think FEMA is disfunctional, they are a tiny nothing compared to how screwed-up the VA is.