TELECOM Digest OnLine - Sorted: Appeals Court to Hear Vonage-Verizon Patent Case on April 24

Appeals Court to Hear Vonage-Verizon Patent Case on April 24

News Wire (newswire@telecom-digest.org)
Wed, 11 Apr 2007 16:25:59 -0500

A federal appeals court will hear arguments in the Vonage-Verizon
patent case on April 24.

That means Vonage Holdings Corp. will be able to sign new subscribers
until at least that day. The VoIP provider late last Friday received a
stay of injunction that would have stopped the company from adding new
customers.

Analysts for investment bank Stifel Nicolaus said Vonage, in its
attempts to win a reprieve, might have to make information publicly
available that it has so far been able to keep under wraps.

Meanwhile, District Judge Claude Hilton has scheduled what should be a
final hearing concluding issues at the trial level. Stifel Nicolaus
analysts said Hilton will decide Thursday whether to impose an
additional $189 million bond on top of the $66 million bond he ordered
April 6. "We believe that he will likely require the additional bond,"
they wrote in a memo to clients.

Verizon Communications Inc. http://www.verizon.com
Vonage http://vonage.com

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