Industry Notes

I'm not sure how many of you follow a lot of the industry, but I'm assuming some of you do. Packet8 has their earnings call today and announced an operating income of nearly $700K for the quarter. Their numbers keep improving.

Just goes to prove what I've been saying all along that independent pure play VoIP can be profitable.

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"GAAP net income for the fourth quarter of fiscal 2008 was $691,000 or $0.01 per share, compared with a loss of $2.9 million, or ($0.05) per share for the same period last year. Operating income for the fourth quarter of fiscal 2008 was $695,000, the company's first reported operating income since the inception of the Packet8 business. Operating cash flow for the fourth quarter of fiscal 2008 was $420,000 and $3 million for all of fiscal 2008. The company ended its 2008 fiscal year with no debt and cash and investments of $14.6 million, an increase of approximately $2.6 million from the end of fiscal 2007."

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Wow, and of all the companies, I'm a little surprised - their advertising/DSLR group isn't nearly as big as some of the others.

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Originally Posted by VOIPoTim

I'm not sure how many of you follow a lot of the industry, but I'm assuming some of you do. Packet8 has their earnings call today and announced an operating income of nearly $700K for the quarter. Their numbers keep improving.

Just goes to prove what I've been saying all along that independent pure play VoIP can be profitable.

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"GAAP net income for the fourth quarter of fiscal 2008 was $691,000 or $0.01 per share, compared with a loss of $2.9 million, or ($0.05) per share for the same period last year. Operating income for the fourth quarter of fiscal 2008 was $695,000, the company's first reported operating income since the inception of the Packet8 business. Operating cash flow for the fourth quarter of fiscal 2008 was $420,000 and $3 million for all of fiscal 2008. The company ended its 2008 fiscal year with no debt and cash and investments of $14.6 million, an increase of approximately $2.6 million from the end of fiscal 2007."

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Wow that is closely mirroring that company by the Clifton Country Mall;)

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Originally Posted by NY Tel Guy

Wow that is closely mirroring that company by the Clifton Country Mall;)

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I don't know I'd insult Packet8 with that kind of comparison. Packet8 is a good company. :)

Interestingly, Bryan Martin opted into the VIP Lauch Group list last week. I sent him a personal note to welcome him.

Some other people I know of use fake names to check in on it...it was refreshing to see him just use his real name. Market research is always good.

As a "Past" Packet8 user for many years, I can definitely say good things about Packet8 and especially Bryan Martin. I have met with and spent time with Bryan. I do a lot of business in California, and I've met with Bryan at the Von Conference; at the 8X8 headquarters, etc... He is a very good CEO and has been with the company for almost 20 years. He's worked his way up to where he is.

Some think he and Packet8 are a little "TOO CONSERVATIVE" when it comes to upgrades, features, etc... but that is their business model. That is something I am glad to see with VoipO. Take your time; do it once; do it right. Obviously, the only people getting frustrated and impatient, are DSLReports/BBR members who read about VoipO on the forum. But guess what; they aren't VoipO's main customer base. Nor should they be for ANY provider. Forum users account for less than 5% of actual users. They are usually more technical and experienced; very good source of feedback and assistance; but not the average user. The "PUBLIC" isn't aware of VoipO's delays and such, and therefor aren't IMPATIENT.

But Packet8 is a very good company that has a lot of positive attributes and some of which should be modeled and studied. Later... mike....

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Originally Posted by christcorp

As a "Past" Packet8 user for many years, I can definitely say good things about Packet8 and especially Bryan Martin. I have met with and spent time with Bryan. I do a lot of business in California, and I've met with Bryan at the Von Conference; at the 8X8 headquarters, etc... He is a very good CEO and has been with the company for almost 20 years. He's worked his way up to where he is.

Some think he and Packet8 are a little "TOO CONSERVATIVE" when it comes to upgrades, features, etc... but that is their business model. That is something I am glad to see with VoipO. Take your time; do it once; do it right. Obviously, the only people getting frustrated and impatient, are DSLReports/BBR members who read about VoipO on the forum. But guess what; they aren't VoipO's main customer base. Nor should they be for ANY provider. Forum users account for less than 5% of actual users. They are usually more technical and experienced; very good source of feedback and assistance; but not the average user. The "PUBLIC" isn't aware of VoipO's delays and such, and therefor aren't IMPATIENT.

But Packet8 is a very good company that has a lot of positive attributes and some of which should be modeled and studied. Later... mike....

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I don't know anything about Packet 8, but everything else you said was right on...or should I say..'Spot On'.

Interesting thoughts over at DSLR about VOIPo and their status on GBU today.

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Originally Posted by Brian

Interesting thoughts over at DSLR about VOIPo and their status on GBU today.

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If this is the page you referred to...I like it..Let's keep it up!

http://www.dslreports.com/gbu

http://www.dslreports.com/forum/r209...cket-and-VOIPo