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 Post subject: Ibasis down 2mUSD first quart. / Arbinet sunk almost 100mUSD
PostPosted: Thu May 01, 2008 6:17 am 
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Joined: Wed Aug 15, 2007 6:08 pm
Posts: 50
Just looked through Arbinets 2007 accounts and note that they have now lost almost 100mUSD during their operating history. Last year they lost 7mUSD.

Their stock is in free fall.
http://investor.arbinet.com/phoenix.zht ... ol_symbol=

Ibasis looks similary bad - just posted a 2mUSD loss for the first quarter, also stock in free fall. http://investor.ibasis.com/phoenix.zhtm ... rol-irhome

As both these companies make plenty of minutes one really has to wonder about their business models.


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PostPosted: Thu May 01, 2008 2:49 pm 
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Joined: Thu Jun 22, 2006 2:19 pm
Posts: 2890
Location: Devon, UK
Thanks for bringing that to our attention.
I too am astounded that Arbinet are still losing money. After reading this year's 10-K filing it seems they'd be in profit if they weren't buying back $10-15million in shares each year and handing out $10million in dividends. That said, I'm surprised they're burning quite so much of their revenue on operations.


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PostPosted: Thu May 22, 2008 6:41 am 
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Joined: Wed Aug 15, 2007 6:08 pm
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no, Ibasis is a wholeseller


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