Now it's going to be $29.95 a year to renew the MagicJack? Still a releative bargain compared to most other options, but now he's really leaving no incentive to go with Magic Jack over the NetTalk Duo.
Another "genius" move, Dan.
magicJack VocalTec Expects Q2 2011 Revenue of $28.5M to $29.5M and EPS of $0.28 to $0.30 per Share
Company Expects to Earn Over $2.00 GAAP EPS in 2012 With Revenue Growing 20% From 2011 to 2012
Dan Borislow Speaking at the Canaccord Genuity Growth Conference on August 9 and the Oppenheimer's 14th Annual Technology & Communications Conference on August 10
WEST PALM BEACH, Fla. and NETANYA, Israel, Aug. 8, 2011 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd. (Nasdaq:CALL), the company that invented voice over IP (VoIP) and sold over eight million magicJacks®, will release two revolutionary new products/services, magicJack PLUS™ and magicJack APP™ for Apple products and the PC on September 6, 2011.
Financial expectations include the following items: The company expects to raise its renewal rates to $29.95 by the end of this year. When enacted and coupled with its new products and service offerings, the company expects that this will enhance its bottom line (net income). The company will have increased sales for Q3 2011 compared to Q2 2011. Since the company primarily records revenue over the life of the product or service sale, the GAAP revenue will decrease from Q2 2011 to Q3 2011 as the deferred revenue for these sales increases. Q1 2012 will be the first quarter that sees the full effects of these changes and introduction of new products and services. This will include our pro rated revenue from a complete three months of stocking the retailers' shelves with the new magicJack PLUS from Q4. The magicJack PLUS and its renewal price will have much greater margins than the original magicJack and its annual fee. The company will also see more revenue from the magicJack APPs in 2012. The projections for revenue growth are after the discontinuance of certain merger-related unprofitable businesses.
The company will continue its successful buyback program with the potential to increase it as it earns more money and cash flow becomes greater.
The company expects the addition of magicJack PLUS and magicJack APP to bode well for the future of the company. The new products and services will expand magicJack VocalTec's customer base through wider consumer acceptance and increased applicability for small businesses. The future product lifecycle of these new products and services is expected to last for a number of years, particularly as the company will be taking a modular approach to adding features instead of replacing whole products. By the end of Q4 2011, management would not be surprised to see a GAAP run rate EPS of over $0.40 per quarter. If the company grows faster than expected, this may negatively affect income results short term.
The magicJackPLUS, the newest blockbuster in the company's line-up of VoIP products has had rave reviews and the response has been terrific from others in the industry who are using it. The newest magicJack gives customers the option, for the first time, to use it without a computer or to plug it into a computer like the original magicJack. Free of the computer, users simply plug the USB side of the magicJack PLUS into the supplied power adaptor and then connect the other side of the device to their router/switch via the supplied Ethernet cord. Either way, customers will be talking on their phone within seconds of taking the magicJack PLUS out of the package.
The magicJack PLUS will have new features including number porting and the ability to set up hunting groups for small businesses. The magicJack PLUS contains only one chip and is a computer and a system on a chip. The latest chip the company built performs over 14 different functions and contains an ARM processor. The company expects to have important patents related to its magicJack PLUS. With the newly added number porting feature, customers may port their old number from another phone company or their existing magicJack number to this new product. magicJack PLUS is also designed to offer triple play services to customers. magicJack will not only build a pluggable, inexpensive Wi-Fi module to eliminate the need to plug into a router, but could also use a 4G module. This 4G module may enable magicJack PLUS to act as an Internet provider and a video on demand provider, hence the triple play. Using the magicJack PLUS as your internet provider, you can simply plug in your existing switch/router or use the future Wi-Fi capability built into the 4G module, eliminating any need for a switch/router in your home while numerous computers can take advantage of the 4G access. The company can envision in the future charging less than $90 per year to offer high speed Internet access and free phone service, with the ability to use it when you travel too.
CEO Dan Borislow will present at the Canaccord Genuity Growth Conference on Tuesday, August 9, 2011, at 4:00 pm EDT in the London Room at the Intercontinental Hotel Boston. Borislow will also speak at the Oppenheimer 14th Annual Technology & Communications Conference on August 10, 2011, at 8:15 am EDT in Salon B of the Four Seasons Hotel Boston.
nostrodamus wrote:Now it's going to be $29.95 a year to renew the MagicJack? Still a releative bargain compared to most other options, but now he's really leaving no incentive to go with Magic Jack over the NetTalk Duo.
Another "genius" move, Dan.
You do have to wonder sometimes.
This quote:
"The magicJack PLUS and its renewal price will have much greater margins than the original magicJack and its annual fee."
also would lead one to wonder exactly what they are going to end up charging for the device and renewal on the Plus.
Well, the device was already $10 more than the original, which actually was reasonable given the improved functionality. So that's an extra $10 up front from every unit sold, plus another $10/year on renewals. I imagine the 5 year plan will go up by $10 as well just to be consistent.
I don't think I'm gonna wait another month for this thing if that's the story. At least with NetTalk, there's always the random chance they might actually deliver on that "a la carte" TV thing they claim to have in beta testing, and I don't think Dan has anything like that even on the drawing board.
I like the idea in the article for call hunt for business users. Wether or not they come out with the new features in a timely manner will be another story. Until they reach the level of Magicfeatures or close to it I'm gonna have to really twist my own arm to get a plus. I just wonder if users will be able to switch proxy servers with the plus or will the plus failover to another server when plugged into a router or switch.
now that the mjp renewals fee going up nettalk is cheaper by 10.00 for canada only as it dont cost to get a canada number from what NT told me when i calld i my go NT now
wow...now there's no point to get the MJP considering for the same price you can get the Nettalk Duo with better support.
Does anyone know how successful the Nettalk Duo company has been? Will they be in the game in the foreseeable future or at least longer than Magic Jack company?
At this point, the only feature that would be the deciding factor for me is the ability to port my landline number to the new service.
ctbear wrote:
Does anyone know how successful the Nettalk Duo company has been? Will they be in the game in the foreseeable future or at least longer than Magic Jack company?
They are a publicly help company like MJ, so you can find out a lot about the company, how it's run and doing financially.
I would think they will both be around for at least a few more years, which by then the game may have changed and everyone has moved on to another product or company.
Well, I finally "pulled the trigger" last night and ordered a Duo, so I guess I'm no longer waiting for Dan to get his shit together. Wouldn't surprise me if MagicJack buys out NetTalk somewhere down the road and I end up being a subscriber again anyway.
Kinda like the whole XM/Sirius thing, probably. Two competitors eventually merging into one. I just hope NetTalk gets that TV thing off the ground before it happens.
Well, I finally "pulled the trigger" last night and ordered a Duo,
Well, Nettalk does not offer number porting yet and I am not going through the hassle of a new phone number.
If I had to pay more for the subscription/equipment in the future with MJ I would consider all options. It is the price which makes MJ great.
I never had a local number with Magic Jack anyway. Can't believe they couldn't even get that fixed in the 4 years that I subscribed. All my calls were routed through Google Voice anyway (or originally Grand Central, before Google swallowed them up) So no loss there.
I may get a new phone number with the Duo, but most people will be calling the same (Google) number they have since 2007, so that's no hassle.
Just to update this....
Got my Duo this week. Couldn't get a phone number actually in my home town, but I managed to get one from 20 miles away, which is still in the local calling area, so it's as good as a local number, for anybody still using a landline to call me.
Psuedo-local number right out of the box, compared to out-of-area-code number for 4 years - there's 10 points in NetTalk's favor right there.
NetTalk really needs to get some retailers to actually carry the DUO in their stores though. The MJ plus will presumably be stocked at all the same retail outlets that carry the old MJ now, so that gives them an advantage for people who hate to shop online, or don't have the patience to wait for shipping.
Last edited by nostrodamus on Sat Aug 20, 2011 3:33 pm, edited 1 time in total.
scotty200 wrote:now that the mjp renewals fee going up nettalk is cheaper by 10.00 for canada only as it dont cost to get a canada number from what NT told me when i calld i my go NT now
I bought one and returned it the next day. It's $39,95 a year to have a Canadian number. The $29,95 price is only for USA purchase and number.
Amazon.ca was very good to deal with, the return was painless.
"Fire your phone company and upgrade to the netTALK DUO for only $39.95 per year. The device includes the first year of service, and a Canadian phone number. Ideal for the home, or home/office use the DUO allows you to experience communication freedom with no contracts and no monthly phone bills."
scotty200 wrote:now that the mjp renewals fee going up nettalk is cheaper by 10.00 for canada only as it dont cost to get a canada number from what NT told me when i calld i my go NT now
I bought one and returned it the next day. It's $39,95 a year to have a Canadian number. The $29,95 price is only for USA purchase and number.
Amazon.ca was very good to deal with, the return was painless.
"Fire your phone company and upgrade to the netTALK DUO for only $39.95 per year. The device includes the first year of service, and a Canadian phone number. Ideal for the home, or home/office use the DUO allows you to experience communication freedom with no contracts and no monthly phone bills."
Well, I finally "pulled the trigger" last night and ordered a Duo,
Well, Nettalk does not offer number porting yet and I am not going through the hassle of a new phone number.
If I had to pay more for the subscription/equipment in the future with MJ I would consider all options. It is the price which makes MJ great.
Well, then you definetly don't want the Magicjack Plus because, guess what... you don't get to keep your old number. And they are charging $69.99 plus $6.99 shipping and 4.8% tax on top of all of it, even the shipping. I hope they loose their shirts. It's dirty pool in my book to make empty promises and then not deliver and then up the price and make you change your number. I am not a fan by any means anymore.
beachinmoney wrote:
Well, then you definetly don't want the Magicjack Plus because, guess what... you don't get to keep your old number.
I would be curious where you got that information from. Did you buy one and register it?
Customer Service told me last week, and just again 5 minutes ago, that not only can you transfer your old number to the Plus, you can keep both your old MJ and new Plus active with that same number.
I don't always believe what they say, but they seem to be consistent on this. This time I asked if there was an extra charge and was transferred to a 10%, who said there was no charge, and repeated it could be transferred and kept on 2 devices.
they told me the same thing nailgunner so i think your right
i will let every one know when mine come in the mail if it true
there IVR phone ordering sucks
SCotty and Nailgunner. I was on with CHAT.. I asked if I purchased a MJP, can I transfer the number i have on my current MJ to the PLus? they said yes. I also see on the My.magicjack.com site, there is the link to port a number to MJ now.
wtdrisco
if you have the old one then u can keep your number and use both MJ and the plus the porting number is still in beta so not all number can be ported yet and knowing them i think it will stay like that
my MJP is not here yet so hope it comes soon and i hope it work as good as my old one did
