GNG News Guy
12-31-2007, 02:35 PM
http://i.dslr.net/urls/5/11505.gif (http://www.dslreports.com/shownews/Vonage-Nortel-Settle-Patent-Dispute-90603)
The VoIP patent settlements just keep on coming for Vonage, who today announced they've settled their legal dispute with Nortel Networks. Fortunately for the struggling VoIP provider this settlement won't involve any monetary payments. Instead the settlement involves a "limited cross license (http://www.bloomberg.com/apps/news?pid=20601087&sid=adu8jQ5gti1E&refer=home)":The companies will each license three patents to the other, Nortel spokesman Mohammed Nakhooda said today in a statement. They'll drop claims of past damages, and dismiss those related to other patents, Vonage and Nortel said. Vonage shares rose as much as 10 percent.
Vonage has settled four other patent suits already this year.
read comment(s) (http://www.dslreports.com/shownews/Vonage-Nortel-Settle-Patent-Dispute-90603)
The VoIP patent settlements just keep on coming for Vonage, who today announced they've settled their legal dispute with Nortel Networks. Fortunately for the struggling VoIP provider this settlement won't involve any monetary payments. Instead the settlement involves a "limited cross license (http://www.bloomberg.com/apps/news?pid=20601087&sid=adu8jQ5gti1E&refer=home)":The companies will each license three patents to the other, Nortel spokesman Mohammed Nakhooda said today in a statement. They'll drop claims of past damages, and dismiss those related to other patents, Vonage and Nortel said. Vonage shares rose as much as 10 percent.
Vonage has settled four other patent suits already this year.
read comment(s) (http://www.dslreports.com/shownews/Vonage-Nortel-Settle-Patent-Dispute-90603)