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Article: Vonage Settles Patent Suit With Sprint Nextel
- Article from:
- The Washington Post
- Article date:
- October 9, 2007
- Author:
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Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Vonage Holdings, the Internet phone-service provider, is had its
biggest single-day advance since going public last year after it
settled one of two patent suits that threatened its survival.
Vonage's shares more than doubled after Sprint Nextel of Reston
agreed to license more than 100 Internet telephone patents to
Vonage, which is to pay $80 million to end the case and use the
technology.
The settlement removes one hurdle for Vonage, allowing it to
connect Internet calls to standard phone lines. Vonage, of Holmdel,
N.J., still faces a cash shortfall that may leave the money-losing
company struggling to cover its expenses next year, Stanford Group
analyst Clay Moran said.
"It's good in that ...
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Article: Jury orders Vonage to pay $58M to Verizon in lawsuit
Post-Tribune (IN);
March 9, 2007 ;
331 words
......Alexandria. Verizon sued Vonage last year for infringing on five patents that it said Vonage uses to make its...eight-person jury found Vonage infringed on three of the five patents. The jury found in its verdict that Vonage's infringement was...companies that infringe patents ...
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