As noted on the latest Vonage Holdings Corp. legal story to grace The Deal.com's pages, the voice-over-Internet-protocol provider has spent the last few weeks being quiet. Unusually so, says ZDNet blogger Russel Shaw, who thinks the company's reticence might be a sign of private equity interest or a potential buy. Given the hype around private equity these days, as deductions go, it's about as original as the vocal stylings of Kelly Clarkson, but Vonage does have a valuable customer base of more than 2 million subscribers. The company isn't profitable, but it's also narrowing its losses and has valuable retail relationships along with the aforementioned customer base. Telecommunications companies can spend up to $300 to get a new customer, so Vonage may be worth something. For Verizon Communications Inc., it's clearly worth spending millions in attorney fees to shut down. —Stacey Higginbotham

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