Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : iBasis, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (170)	1/16/2004 2:15:04 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 211

iBasis sets Date for 4Q and Y03 Earnings : Reverse split? Special Shareholder Meeting Scheduled for February 18 to Vote on Reverse Stock Split BURLINGTON, Mass., Jan. 14, 2004 -- iBasis, Inc. (OTCBB: IBAS), the leader in Internet-based voice communications, today announced that it will report fourth quarter and full-year 2003 financial results on Wednesday, February 4, 2004, before the opening of the stock market. The company will also host a conference call to discuss the results, led by Ofer Gneezy, iBasis president & CEO, on Wednesday, February 4, 2004, at 11:00 a.m. EST. The public is invited to listen to the simultaneous webcast of the call by logging on through the investor relations section of the iBasis website (www.iBasis.com). The Company also announced that it has rescheduled its special shareholders meeting to Wednesday, February 18, 2004. The Company is seeking shareholder approval to effect a reverse stock split in an effort to meet the minimum share price requirement for NASDAQ SmallCap or National Market listing. iBasis Posts Record VoIP Call Volume During New Year's Day Increasing VoIP Interconnections Enhances Efficiency for iBasis and its Customers BURLINGTON, Mass., Jan. 07, 2003 -- iBasis, Inc. (OTCBB: IBAS), the leader in Internet-based voice communications, today announced that the company carried a record volume of approximately 19 million minutes of international VoIP phone calls on New Year's Day. This represents a 32% increase over the traffic from New Year's Day 2003. "In addition to setting an overall record for traffic, we are experiencing a record volume of traffic that enters or exits the iBasis Network as IP traffic," said Ofer Gneezy, president and CEO of iBasis. "Major carriers have been deploying VoIP infrastructure to support both retail services and direct VoIP carrier interconnects. At the same time, new service providers are delivering VoIP services directly to residential and business consumers. Both can realize significant cost efficiencies by establishing direct VoIP interconnections with our proven global VoIP infrastructure. "More than 70% of iBasis traffic either originates or terminates through our direct VoIP interconnects with service providers. Direct VoIP interconnects require significantly less capital expense in the iBasis network than legacy TDM interconnects. In addition, we are enabling our customers to more fully benefit from the efficiencies of VoIP and the public Internet for global telecommunications."