Join us from 2 p.m. to 3 p.m. Thursday for a discussion of the future of Internet Telephony. Hello to everyone and welcome to Tom Evslin. He s joining us today to talk about Internet telephony and turmoil in the telecom universe. The number of telecom and networking start-ups teetering on the edge of bankruptcy is stunning. The legacy phone network is both expensive to use and capital intensive compared to the use of the Internet to carry voice.
Capital is now a very scarce resource.
It is hard for traditional players to compete with us since we can get carrier grade quality on the Internet. Many have become our customers to take advantage of these economics. We are fortunate that we believe we have already more than enough capital to fund our business plan to the point where we expect to be cash flow positive. This is a very tough time for any business that needs to raise capital - that affects both the telecoms and the networking companies. It is a good time to have a sound balance sheet and a business plan with real revenues and growing positive margins.