So Vonage has “filed to raise $250 million in an initial public offering and named a new CEO,” according to The Street (via Slashdot). But there’s this problematic little detail in the prospectus:

While our revenues have grown rapidly, we have experienced increasing net losses, primarily driven by our increase in marketing expenses. From the period of inception through Sept.30, 2005, our cumulative net loss was $310.0million.

Um, 1999 called. They’d like their IPO back.

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