[Technology]More VOIP Stocks

VOIP Stocks Since we introduced the voice over ip(VOIP) stocks in December, these stocks have broght in a overall gain of nearly 15%, not bad for a portfolio in less than two months. Strong players such as LVLT and SONS have gained 23.91% and 20.47% respectively. Today we will introduced some other companys also engage in this new telecom revolution.

• 8x8 Inc. (EGHT): the Santa Clara, CA based company offers voice over ip and video communications service, virtual offie and videophone equipments. The biggest deal that the company grabbed came last December from telecom bellwether BellSouth. Recent news however doesn't look pretty as the company posted a wider third quarter loss as it spend more money on promoting and expanding voip service. The coming year should be critical as the company will be focusing on deliver the service to BellSouth and also grab more customers from the voip market.
• GlobeTel Communiations (GTE): the Pembroke Pines, Florida based firm offers prepaid calling services and IP Telephony using voice of ip equipment. The company offers worldwide service in Venezuela, Brazil, Mexico, UK, Australia, China, Hong Kong, Malaysia, and Philippines. On December 30, the company annouced it signed a contract to install broadband phone services in 30 Russian cities, adding one more country to its worldwide customer list. The stock is trading at $3.32 per share, near the same price it was traded a year ago but could have more upside in the near term.