|
123webguru News Desk
A US jury ordered Vonage to pay $58m ($30m) to rival Verizon for infringing
three patents, plus royalties of 5.5% of future sales.
Verizon has now asked for an injunction that would stop Vonage from connecting
its customers to landline telephones.
Vonage is a pioneer in the market for voice-over-internet telephony, which
allows users to make cheap phone calls.
Verizon had asked the jury to impose a $197m penalty and argued that the
internet phone company had violated a total of five patents.
Vonage had "done very well with our patents and our technology for a number of
years", said Verizon's lawyer, Dan Webb. The company had told the jury that it
had lost more than $280m as a result of these patent violations.
Vonage is disputing the claim, arguing that Verizon should not have been granted
the patents in the first place.
The company said it would appeal against the decision and promised customers
that they "should see no change" in their phone service.
Jan Dawson of telecoms consultancy firm Ovum described the decision as "clearly
a victory for Verizon, whether you take the cynical view that the company is
trying to knock out an upstart competitor or the face value view that it is
seeking to protect its patents".
The $58m payout was about as high as Vonage's quarterly losses, he said, and
while the outcome would not change "the fact that Vonage is still hopelessly
unprofitable... it does make a bad situation worse?.
Vonage shares dropped 10% on the news, before recovering to close at a loss of
just under 4%.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/technology/4455727.stm
Top News
News of the Week
All News
Website design company
 |
|
123webguru Articles
Increase Your Traffic by Recovering Your Lost Visitors
If you spend any time surfing the Internet, you've probably encountered a few error messages.
Error messages have numerous causes, such as misspellings, ...
The HOME PAGE
Home page or the landing page is the most important part of the website design. This is the first page that every user see as soon as entering the website ...
A Few tips to start your website design
-- A Few tips to start your website design--
There are two basic rules to follow when you start your website designing
a) Designing a site that caters ...
Page Ranking Strategy
Page Ranking is one of the most important constituent of overall website design success. Every website owner wants his website design to hold the top position ...
Changing Web Host
Many website owners changes the host for the website design. There can be many reasons for that, like moving to better service provider, the website information ...
Ill effects of using templates
Website design plays a vital role in the success of a business. This is the reason why every business owners are turning their face towards website design ...
|
|
 |
|
 |
|
