who's been following this shit? seems they might be forced to shut down... leaving me without a phone.
their stock has dropped from $17 at open to $4 in just one year.. I wonder what would come of it if they manage to pull out of the lawsuit
Vonage has finally confirmed what many had feared: The embattled Internet phone company has no "workaround" in hand to sidestep Verizon's patented Internet phone technology.
Moreover, Vonage (VG) isn't sure that such a plan is even "feasible," given the expansiveness of Verizon's (VZ) patents, which set out methods for passing calls between the Web and conventional phone networks. Vonage's chilly assessment, contained in a filing submitted to a federal court Friday, marks the first time it has admitted that it doesn't have a plan for getting around Verizon's technology. Vonage couldn't be reached for comment.
A federal court recently ruled that Vonage had infringed on Verizon's patented technology. As punishment, Vonage was barred from using the disputed technology to support new customers. Existing customers are not affected.
Moreover, Vonage (VG) isn't sure that such a plan is even "feasible," given the expansiveness of Verizon's (VZ) patents, which set out methods for passing calls between the Web and conventional phone networks. Vonage's chilly assessment, contained in a filing submitted to a federal court Friday, marks the first time it has admitted that it doesn't have a plan for getting around Verizon's technology. Vonage couldn't be reached for comment.
A federal court recently ruled that Vonage had infringed on Verizon's patented technology. As punishment, Vonage was barred from using the disputed technology to support new customers. Existing customers are not affected.
Comment