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Vonage Hit With $69.5M Judgement
andy1307 writes "The Washington Post is reporting that Net telephone company Vonage Holdings Corp. was ordered in federal court Tuesday to pay Sprint Nextel $69.5 million in damages for infringing on six telecommunications patents owned by competitor Sprint Nextel Corp. In addition to the damages, jurors awarded Sprint Nextel a 5 percent royalty from Vonage on future revenues. It was the second verdict against Vonage this year. A jury in Virginia determined in March that Vonage had violated three Verizon patents in building its Internet phone system. The jury awarded Verizon $58 million in damages plus 5.5 percent royalties on future revenues. Greg Gorbatenko, a telecommunications and media analyst for Jackson Securities, said the decision 'feels like a death knell' for Vonage because future revenue will likely dry up, preventing the company from investing in better technology or improving customer service."
I meant to type "if you you" instead of "it for you" btw.
VOIP is not dead. Packet8.net is well and alive, and they claim to have enough patents under their belp to be safe from Verizon. I've been using Packet8 for well over 4 years now and have been extremely happy with it.
Off topic: When you over use the f-word in an argument or berate people's intelligence to make your point, it lessens your appeal. Your comments were obviously informed and well thought out. Though it's the Internet, not everyone has to respond like a know-it-all 10 year old (not meant as in insult, just stating that your reply was on that level). Good luck on further intelligent yet measured posts. ;-)