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Vonage and Nortel settle patent dispute

31 December 2007 17:47 by Andre "DVDBack23" Yoskowitz | 1 comment

Vonage and Nortel settle patent dispute The popular VoIP company Vonage has announced that it has settled ongoing patent disputes with Nortel Networks without paying out any monetary damages, sending its stock surging over 8 percent.

The settlement puts to rest the last of four major suits against Vonage. Earlier this year the company settled with AT&T, Verizon and Sprint Nextel.

"This is the last of them and we're quite happy to put it behind us,"
Vonage spokesman Charles Sahner said.

Vonage said the "settlement involves a limited cross license to three Nortel and three Vonage patents and will not call for any monetary payments by any party."

The disputes were centered on patents behind click-to-call technology as well as the patents on "911" and "411" call numbers.

Source:
Yahoo


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    borhan9 (AfterDawn Addict) 2 January 2008 21:55 Send private message to this user   
    Seems they kissed and made up :)
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