VocalTec Stock is On Fire - Why???
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VocalTec is widely regarded as the pioneer VoIP vendor. They've outlasted scores of VoIP companies, but have never really capitalized on being first in the game. Lots of companies with much shorter histories have had good runs and made successful exits, but this has all but eluded VocalTec.
Their slide this year has been well documented, as has their recent acquisition by another Israeli IP vendor, Tdsoft. A 1 for 13 reverse stock split was announced Nov 28, and the price quickly weakened from there. Many had left VocalTec for dead, even before tying up with Tdsoft.
There has been no public news on their activities, and the blogs have been quiet. Tdsoft is not a household name in VoIP, and it's hard to see what they could make from what was left of VocalTec.
I'm not a stock watcher, but VocalTec's run in the past few days has been astounding. Something must be up besides the stock price.
The stock price was under $6 late last week, and is now just shy of $13. As of 10:30 this morning, it's up 28% alone today.
Frankly, I can't begin to speculate why this is happening, but it certainly is not what one would have expected. Can't say it's market froth since the same is not happening with other IP stocks, even with Vonage getting another round of funding this week.
Anyone out there with a clue who cares to share their thoughts about this on my blog, feel free to do so. Otherwise, I'm sure the real story will emerge soon.
Their slide this year has been well documented, as has their recent acquisition by another Israeli IP vendor, Tdsoft. A 1 for 13 reverse stock split was announced Nov 28, and the price quickly weakened from there. Many had left VocalTec for dead, even before tying up with Tdsoft.
There has been no public news on their activities, and the blogs have been quiet. Tdsoft is not a household name in VoIP, and it's hard to see what they could make from what was left of VocalTec.
I'm not a stock watcher, but VocalTec's run in the past few days has been astounding. Something must be up besides the stock price.
The stock price was under $6 late last week, and is now just shy of $13. As of 10:30 this morning, it's up 28% alone today.
Frankly, I can't begin to speculate why this is happening, but it certainly is not what one would have expected. Can't say it's market froth since the same is not happening with other IP stocks, even with Vonage getting another round of funding this week.
Anyone out there with a clue who cares to share their thoughts about this on my blog, feel free to do so. Otherwise, I'm sure the real story will emerge soon.
