VOIP adoption to accelerate
We believe that VoIP is changing the way people around the world communicate. The cost advantages and expanded functionality of VoIP are driving the growth of the industry, which, according to Deloitte, is expected to reach nearly $200 billion worldwide by 2007. Additionally, the dramatic increase in the number of worldwide Internet users is continuously expanding the community of potential VoIP users, who are now able to connect to the Internet from their homes, their mobile phones, and many other readily available devices.
The VoIP industry has experienced the migration of over 100 million customers from traditional service providers to those that offer free calling among their user base and only charge for calls to traditional landline and mobile telephones. We expect to see this trend continue to accelerate.
