Feeds

Vonage chief walks

Adios

Eight steps to building an HP BladeSystem

Troubled telco and broadband provider Vonage has lost its chief executive. Michael Snyder has quit as CEO and resigned from the board of directors.

Vonage chairman Jeffrey Citron is stepping in as interim chief exec while the company looks for a replacement.

The company also announced prelimary results for the quarter ended March 31, 2007. The firm made revenues of $195m and added 166,000 net line subscribers. Average monthly churn was 2.4 per cent.

Vonage also announced cost cutting measures - it is cutting $110m from its marketing budget and another $30m from its general and admin budget.

The company's release is available for download here. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.