I’d be really upset if this company tanks, considering that I have two Vonage lines here in Central America with US numbers. I can’t tell you how awesome it is to toss them in my bag and plug them in around the world in hotels, offices or anywhere else with a broadband connection and have the same Vegas number ring there like it would in the US. It’s equally great to pick up the Vonage phone and call from the Philippines, Australia or Italy like I’m calling from Vegas for unlimited long distance to the US, Canada and pennies for LD anywhere else in the world. The voice quality is almost perfect and it’s only $30 /month per line.

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In a series of events sure to stir things up at a company that many analysts have already written of as dead, Vonage CEO Michael Snyder has resigned on the same day that the pioneering VoIP provider announced a series of cost-cutting maneuvers, including operations consolidation, a reduction in marketing, and layoffs. Formerly president of ADT, Snyder led the company since February of last year, when he replaced founder and current Chairman of the Board Jeffrey Citron in that role — the same man who will once again hold the CEO title while replacements are scouted. The shakeup seems to have buoyed investors confidence somewhat following the courtroom setbacks in that Verizon patent suit, with Vonage shares up as much as 13 cents in premarket trading; however, it’s a rather hollow victory when you consider that the ~$3.00 stock went for as much as $17.88 this time last year. So while it’s good to see Vonage making some proactive moves in the face of what can only be considered a deathwatch, there’s only so much the company can do to affect its own fate, and at this point we could only be a ruling or two away from the end.