Vonage Settles Patent Dispute With Sprint

There are 2 messages in this topic Watch this topic for replies

Add Reply Back to forum "News" Back to Index

SySAdmin

ASE Bot Joined: January 10, 1995 Status: Offline Posts: 120 Rep:

Vonage Settles Patent Dispute With Sprint

Tue Oct 9, 2007 5:33:34 AM #42394 Perm Link

There is a new news item posted at »ASE Labs

»Vonage Settles Patent Dispute With Sprint

On the news Vonage's stock jumped over 100%. <a href="http://www.businessweek.com/ap/financialnews/D8S54MA83.htm">Vonage will license Sprint's IP for $80 million</a>.

Quote
Internet phone company Vonage Holdings Corp. took a step back from the brink Monday, saying it has settled for $80 million a patent suit filed by Sprint Nextel Corp. On Sept. 25, a jury in the U.S. District Court in Kansas City, Kan., found that Vonage infringed on six Sprint patents, and ordered Vonage to pay $69.5 million in damages. Monday's settlement resolves all claims in the dispute, the companies said. Sprint agreed to license Vonage its portfolio of more than 100 patents on connecting calls between a regular telephone network and a packet-switched network such as the Internet.

Please add your comments below.

Reply Quote Send PM Profile

Gh0st