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Vonage (VG -12%) shares sink at the open, as investors aren't happy with plans by the voice-over...

Vonage (VG -12%) shares sink at the open, as investors aren't happy with plans by the voice-over IP telephony company to crank up spending in 2012. "Now that we have stabilized our core business and are generating meaningful cash flow, we will accelerate our investment in strategic growth initiatives during 2012,” CEO Marc Lefar says, seeing 2012 earnings of $120M-$140M vs. $168M in 2011.
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