Tuesday, September 25, 2007

Vonage loses patent infringement suit

Operating company protects core business with patents, no negative KSR effects in sight:

[A] jury in Kansas City, Kan. decided that Vonage is guilty of infringing on VoIP-related patents held by SprintNextel. The jury held that Vonage should pay SprintNextel $69.5 million in damages, as well as a 5 percent royalty on future revenue. Vonage had claimed it didn't violate these patents, and these patents are invalid. This can't be good news for Vonage, or its investors. At 2 p.m. EDT, Vonage's per-share price was a lowest-ever $1.81.

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