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November 13, 2003
VoIP Stocks: In the News Again.
In addition to the news generated today by the California PUC looking at the possiblity of imposing regulations on VoIP, "Redialing the Internet Frenzy" is the lead story in the "Money & Investing" section of today's Wall Street Journal.
While some of us had already noticed the huge run-up in VoIP related stocks, now it must be "real" because the WSJ covered it today.
While I'm long the industry in general, there exists today some pretty high P/E ratios which are hard to justify, even if one is bullish about the near-term future of the VoIP industry.
Despite this,
as long as the momentum continues to be positive, I expect to see the next batch of VoIP related IPOs to hit the Street in mid-late 2004 and be full in gear by mid 2005.
Posted by jeff on November 13, 2003 08:53 AM | Permalink
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