Google Takes Another Shot At Telecoms (CSCO, EBAY, GOOG, PLCM, T, VZ)

Google Takes Another Shot At Telecoms (CSCO, EBAY, GOOG, PLCM, T, VZ): "The old office phone conference device
While the telecom giants remain hardest-hit by new online communication programs, they won't be the only companies to suffer. Polycom (Nasdaq: PLCM), a provider of voice and video solutions for businesses and government entities, may also face a world of hurt.
You may know Polycom better as the makers of the funny spaceship-shaped devices your company might use for conference calls. Polycom mainly competes with Cisco (Nasdaq: CSCO) in the world of telecom and online business conferencing. These companies can provide crystal-clear HD conferencing and high-level customer service. However, their services also add thousands of dollars in software and hardware costs for customers. Google does not yet provide these services, but it offers a similar service with little or none of the cost. Polycom and Cisco have already seen their teleconferencing business cannibalized by low-cost Internet conference provider Skype, forcing them to move to more upstream offerings"