EQO - Another mobile VoIP player bites the dust?

Techvibes is fingering EQO Communications as the next mobile VoIP player to go down; this despite the company's CEO citing strong user growth, and blaming job cuts initiated last month for two-thirds of the company on the economic environment.

EQO is reportedly closing down because the VCs aren't willing to fork over more cash. In remarks made last month to GigaOm, EQO CEO Bill Tam said that the October layoffs would let the company operate at "near profitability... until the smoke clears." 

Guess the (economic downturn) smoke choked the company to death.

Techvibe observed EQO's web pages were cleansed of the management team over the weekend - not really a good sign anyone is home to take phone calls. We've also heard a couple of bits and pieces to make us think EQO was running out of operating capital in November.

EQO seems to be joining an ever-growing list of failed me-too mobile VoIP plays that includes Fring, Jangl, and TalkPlus.  Expect at least one or two more to join the list by the end of the year.

For more:
- Techvibe scoops on EQO running out of coin. Post. [1]

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