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Vonage Ordered To Pay Verizon $58 Million

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SySAdmin Avatar ASE Bot Joined: January 10, 1995 Status: Offline Posts: 120 Rep: PIP Level 2 (19309)PIP Level 2 (19309)PIP Level 2 (19309)PIP Level 2 (19309)PIP Level 2 (19309)
Vonage Ordered To Pay Verizon $58 Million Old Fri Mar 9, 2007 5:48:39 AM #35359 Perm Link
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»Vonage Ordered To Pay Verizon $58 Million

Patent issues again. <a href="http://news.com.com/2100-1036_3-6165747.html">Vonage is really in the red</a>. I don't know how they can survive with this.

Quote

The threat of an injunction and a long legal battle could adversely impact the company's sales, as new customers may be reluctant to sign up for a service that could be shut down. That's what happened to Research in Motion, the maker of the Blackberry email devices and service. In 2002, a jury found that RIM had infringed on patents held by the patent holding company NTP. A judge then imposed an injunction, which was stayed pending RIM's appeals. The situation came to a head some three and a half years later when the judge in the case was about to impose the injunction. In the eleventh hour, RIM and NTP settled the case. But the ongoing threat of a shutdown spooked potential customers, causing RIM's sales to dip during the quarter preceding the settlement, RIM said after the case was settled.


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