Citigroup Analyst Sticks 'Sell' on Vonage
Mark Sullivan writes on Light Reading:
The research department of one of Vonage Holdings Corp.'s IPO underwriters has slapped the company's stock with a Sell rating.More here.
In a research brief sent to investors Tuesday, Citibank analyst Michael Rollins writes that Vonage may be headed for "a financial restructuring or bankruptcy in the 2008 or 2009 timeframe" if it doesn't prevail in its patent lawsuit fight with Verizon. He downgraded the stock from Hold.
posted by Fergie @ 3/28/2007 02:17:00 PM
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