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Vonage Settles Patent Suit With Sprint-Nextel

Posted by ScuttleMonkey on from the money-can-soothe-a-lot-of-hurt-feelings dept.

mytrip writes to tell us that Vonage has been able to settle their patent differences with Sprint-Nextel for a mere $80 million. This settlement resolves all pending claims by Sprint-Nextel as well as licensing Vonage to use over 100 patents and a $5 million advance in prepayment for services.

4 of 45 comments (clear)

  1. Makes sense for Sprint by Anonymous Coward · · Score: 4, Insightful

    It was smart to settle now and get some money than to wait it out in the courts while Vonage slowly goes out of business.

  2. Next up: Bankruptcy by mind21_98 · · Score: 4, Insightful

    You know it's going to happen. And then Sprint Nextel and the other carriers will be congratulating themselves at maintaining the hold they have on telecom. :(

    --
    US businesses that currently accept chip and PIN/signature
  3. Massive insider trading Vonage? by Anonymous Coward · · Score: 3, Insightful

    The news is out today and the stock is up 123%. But it is up about 260% since Thursday.. The volume on Friday was 4X normal.

    Who were all those traders with inside information? And will anything be done about them? You so rarely hear about prosecutions for insider trading...

    Date Open High Low Close Volume Adj Close*
    today 1.56 2.70 1.41 2.57 34,993,632 2.57
    5-Oct-07 1.05 1.23 1.02 1.15 4,172,700 1.15
    4-Oct-07 1.00 1.05 0.98 1.03 2,463,000 1.03
    3-Oct-07 1.00 1.01 0.97 1.01 1,053,700 1.01
    2-Oct-07 0.99 1.03 0.96 0.98 1,662,100 0.98
    1-Oct-07 1.03 1.03 0.96 0.96 1,295,600 0.96

    http://finance.yahoo.com/q/bc?s=VG&t=5d

  4. I believe that the patent on those is expired by Solandri · · Score: 3, Insightful

    Why don't they just tape PC speakers and microphones to phones. I bet know one patented that yet.
    The patent on those is probably older than most slashdotters.