Vonage CEO steps down in VoIP crisis
updated 09:50 am EDT, Thu April 12, 2007
Vonage CEO Steps Down
Vonage CEO Michael Snyder this morning quit this company in an effort to restore confidence in the VoIP provider, which is also planning other job cuts as part of a reorganization effort. No comments were made by the executive explaining his reasons for leaving, though the company said that the departure would be immediate.
The resignation comes as the latest blow to the confidence of Vonage, which lost to Verizon in a patent case that threatens to lock the Internet calling service out of the latter's phone networks. The company was also briefly barred from subscribing new users until a temporary stay allowed them to continue.
