come on now, page-9

Some interesting stats on Vonage one of the first VoIP giants

Full Year 2008
-- First Year Generating Adjusted Operating Profit(1) and Positive Cash Flow from Operations -
-- Net Loss excluding certain charges(2) of $34 Million or $0.22 per Share -
-- Revenue Increases 9% to $900 Million -

These guys have been through it all and still battling to get ahead.
Have shareholders got their moneys worth yet ... I don't think so.

It will be a hard ride for all VoIP providers with few happy outcomes.