TELECOM Digest OnLine - Sorted: Re: Vonage Loses Suit; Says Will Stay in Business

Re: Vonage Loses Suit; Says Will Stay in Business

T (nospam.kd1s@cox.nospam.net)
Sat, 10 Mar 2007 13:16:52 -0500

In article <telecom26.68.1@telecom-digest.org>, reuters@telecom-
digest.org says:

> Internet phone company Vonage Holdings Corp. said on Friday it was not
> going out of business despite a jury's verdict a day earlier that it
> infringed on three patents owned by Verizon Communications Inc.

> "In the unlikely event the monetary award ($58 million) and royalties
> are ultimately upheld/paid, they will not jeopardize Vonage's
> financial position as we focus on achieving profitability," the
> company said in a statement.

> It also said there would be no change in its phone service and that it
> was confident it could stay any injunction. The company's shares were
> down around 15 percent in afternoon trade.

> Copyright 2007 Reuters Limited.

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I find it awfully funny that Verizon holds patents on the mechanisms of
VoIP. It's almost as though Vonage once had an agreement with Company X
which held the patents and then Company X was bought by Verizon for the
express purpose of trying to kill VoIP.

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