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Contributors: Douglas McIntyre Jon C. Ogg

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Wednesday, October 18, 2006

Vonage Sets Earnings Date, Does It Mean Anything?

Vonage sent out an email today alerting shareholders and the media that they have set Tuesday, October 31, 2006 as the release date for the September 30 quarter. Management will host a webcast discussion of the quarter's results on Tuesday, October 31, 2006 at 10:00 AM Eastern Time, so this will be a pre-market release.

Usually, these "earnings date set" releases are innocent and nothing is read into them, but sometimes the street looks at this as "Hey, they didn't warn and they set the date; maybe the quarter was ok." That isn't meant to signal this message today, but it has been a while since we heard much from the company.

Last night on CNBC Cramer told a caller that the stock has been acting like it was bottoming out, but he also said that there were so many good stocks out there that it was useless to be in the ugly Vonage. The volatility has been getting lower and lower in "VG" and it has traded 1 million or more shares in only 2 different trading days in the last month.

Here is what I said back on October 3, 2006 in "Pondering Some Vonage Numbers"

Here is what Doug said in "Vonage: On A Wing and a Prayer" on September 1.

And, here is what I noted in "Why Vonage Wasn't Worse" on August 1.

Here is what I said on July 20 in "Is Vonage Close to Being Worth a Looksie?"

Jon C. Ogg
October 18, 2006
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