More 8×8 Math

By Mark Evans | Published: January 29, 2005

If you haven't read the comment on this blog about 8×8 Inc. and its third-quarter results, check it out. “Inspired” – I use that word loosely! – by my posting, someone did some more number-crunching on 8×8's balance sheet and looked at things such as cost of acquisition and sales per day per subscriber ($1). It's not a pretty picture, which makes 8×8's $130-million market capitalization looks more and more suspect. For all the talk about 8×8's video service, people really need to scratch beneath the surface. Sure hope Jennifer Garner didn't take 8×8 shares for appearing the company's new advertising campaign.
Addendum: Andy Abramson has a posting that talks about 8×8 suffering terrible technical problems, including dropped calls. Yikies!

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