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07-20-2010, 01:48 PM
VocalTec Communications and YMAX Corp, the creator of magicJack, have successfully merged and will now be traded on the Nasdaq as CALL.
According to the newly merged company, they believe that the enterprise has a value of $245 million and a per share value of at least $17.50 as of today. VocalTec projects revenues coming in at between $110 million to $125 million this year and expects to show a profit this quarter with cash on hand and no debt.
The two companies make up an interesting swath of the VoIP space. VocalTec holds a number of the original patents for VoIP and magicJack has a well recognized brand world wide with over 6.5 million units sold since 2008.
For more:
- read the release (http://www.fiercevoip.com/press-releases/vocaltec-and-ymax-magicjack-announce-merger)
Related news:
MagicJack mystique (http://www.fiercevoip.com/story/magicjack-mystique/2008-06-08)MagicJack 'femtojack' uses mobile phones to make VoIP calls (http://www.fiercevoip.com/story/magicjack-femtojack-uses-mobile-phones-make-voip-calls/2010-01-11)
A Review of Magic Jack - Lots of hype, but it works (http://www.fiercevoip.com/story/review-magic-jack-lots-hype-it-works/2010-02-18)
More... (http://www.fiercevoip.com/story/vocaltec-and-magicjack-maker-merge/2010-07-19?utm_medium=rss&utm_source=rss)
According to the newly merged company, they believe that the enterprise has a value of $245 million and a per share value of at least $17.50 as of today. VocalTec projects revenues coming in at between $110 million to $125 million this year and expects to show a profit this quarter with cash on hand and no debt.
The two companies make up an interesting swath of the VoIP space. VocalTec holds a number of the original patents for VoIP and magicJack has a well recognized brand world wide with over 6.5 million units sold since 2008.
For more:
- read the release (http://www.fiercevoip.com/press-releases/vocaltec-and-ymax-magicjack-announce-merger)
Related news:
MagicJack mystique (http://www.fiercevoip.com/story/magicjack-mystique/2008-06-08)MagicJack 'femtojack' uses mobile phones to make VoIP calls (http://www.fiercevoip.com/story/magicjack-femtojack-uses-mobile-phones-make-voip-calls/2010-01-11)
A Review of Magic Jack - Lots of hype, but it works (http://www.fiercevoip.com/story/review-magic-jack-lots-hype-it-works/2010-02-18)
More... (http://www.fiercevoip.com/story/vocaltec-and-magicjack-maker-merge/2010-07-19?utm_medium=rss&utm_source=rss)