Thursday, April 28, 2005
InPhonic In For a Fall?
Stock is down 25% today due to a bad revenue report: "Online wireless retailer and mobile virtual network operator InPhonic Inc. reported that its MVNO activities, which currently include its Liberty Wireless and Viva Liberty offerings, generated $9.6 million in service revenues during the first quarter of this year. The result was a significant drop from the $12.5 million in revenues the MVNO services delivered during the first quarter of 2004."
InPhonic is a reseller/fulfilment house for 3rd party wireless programs. They cleverly repackaged themselves as an MVNO to cash in on the MVNO craze, and went public on that.
InPhonic is a reseller/fulfilment house for 3rd party wireless programs. They cleverly repackaged themselves as an MVNO to cash in on the MVNO craze, and went public on that.
