<In search of Bigfoot
VoIP supplier 8x8 has built a solid foundation and profitable business model by delivering hosted VoIP and unified cloud communications services to businesses. Like Skype and
Vonage (NYSE: VG), it has been building support by integrating VoIP, fax, Web conferencing, and chat into one solution for small- and medium-sized businesses.

And anytime Google (Nasdaq: GOOG) enters a service arena, rivals need to take notice, but its Voice service has yet to offer anything that stands out. While the professional analysts have yet to discover 8x8, the CAPS community is weighing in favorably. CAPS member jkubinak1339 says it offers a stellar service the likes of which the big phone carriers are incapable of matching.

8x8 has found a niche for itself in that they can service [small businesses] that AT&T and [Verizon] cannot. 8x8 service is agnostic-they easily provision companies that have displaced workers in [different] states or countries. One of 8x8's customers for example has 150 [extensions] in 26 different countries. All they had to do was plug their phones into an Internet connection and they were all on their enterprise class phone network.

While 8x8 excels, the stock suffered a setback when a director resigned last month after a spat with the CEO over management and leadership style. Shares now trade nearly 25% lower than they did just a month ago, meaning investors may be able to invest in this growing company at a discount.

If 8x8 is still too obscure for you, just click to add it to your watchlist and have all the Foolish news and analysis gathered for you in a single place.>

Sure hope eght is taking advantage of the decline to retire as many shares as they can with that 10M buy back.