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post #1 of 7 (permalink) Old 09-26-2007, 10:30 AM Thread Starter
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Vonage Hit With $69.5M Judgement

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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.
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post #2 of 7 (permalink) Old 09-26-2007, 05:15 PM
 
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Damn... wonder what's their stock price now?
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post #3 of 7 (permalink) Old 09-26-2007, 05:16 PM
 
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I have had vonage for 4 years now and never a single problem. Hope they dont try hiking up our rates. Grrrrr
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post #4 of 7 (permalink) Old 09-26-2007, 06:23 PM
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well they will have to get the money from somewhere lol



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post #5 of 7 (permalink) Old 09-27-2007, 07:10 AM
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yeah I rely on my Vonage over here!


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post #6 of 7 (permalink) Old 10-09-2007, 08:40 AM Thread Starter
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more from /.:

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...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.
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post #7 of 7 (permalink) Old 10-09-2007, 11:45 AM
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So $80 million and no royalties.. is that it?



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