Magic Investments • 15 Comments
Vince Martin • 18 Comments
Mar. 19, 2014, 5:49 PM
- Bloomberg observes magicJack (CALL +3.8%) execs spent a portion of their Q4 CC (transcript) talking about the similarities between their company and (drumroll...) WhatsApp, and that CEO Gerald Vento later called a question about whether his company is seeking a buyer a "very appropriate" one.
- The company (current market cap of $438M) is much more expensive for a prospective bidder than it was going into 2014, thanks to Whitney Tilson's endorsement, a big Q4 beat, and strong 2014 guidance.
- If a buyer surfaces, it might be on account of magicJack's free VoIP calling apps, which had 6.9M registered users at the end of 2013 (+23% Q/Q) in a very competitive market featuring Skype, Facebook Messenger, Tango, and many others. WhatsApp will be joining the fray soon.
Dec. 21, 2011, 11:52 AM
Following last week's good news, Markos Kaminis thinks magicJack Vocal Tec (CALL) may receive some buyout interest at the hands of major cable providers. While the telcos have done a good job of combating the threat posed by Internet telephony through their bundled offerings, Kaminis believes the cable companies need to step up their efforts, magicJack's latest product would do much to help.| Dec. 21, 2011, 11:52 AM