oops... :crash


Vonage loses appeal, now owes Verizon $117.5 million (http://www.engadget.com/2007/11/17/vonage-loses-appeal-now-owes-verizon-117-5-million/)

Posted Nov 17th 2007

http://img66.imageshack.us/img66/7923/102507vonagelogoim7.jpg

A follow-up to our earlier story regarding Verizon's patent lawsuit (http://www.engadget.com/2007/10/25/vonage-settles-with-verizon-owes-up-to-117-5-million/) against Vonage: the latter company has lost its appeal against the former, and is now looking at having to pay the full $117.5 million settlement, plus $2.5 million to charity. It's been a bad few days for Vonage indeed, with the company's shares dropping 87 percent since IPO, and a tenth of its workforce out of a job. When you've hit rock bottom, the only way is up, right?

[Via Slashdot (http://yro.slashdot.org/article.pl?sid=07/11/16/206226&from=rss)]

Not sure oops will cover it. :muahaha That has got to hurt the annual profits. :yes


Ride safe.

Pocket change!! :lmao

Ouch!.. We have vonage at home. Had used them for about 4 years now to. They better not start hiking up my rates. :ninja

Ouch!.. We have vonage at home. Had used them for about 4 years now to. They better not start hiking up my rates. :ninja

Either that or cut services....

wow, that sux for the workers of vonage

never heard about this had vonage at my old place and loved it...wtf did they infringe on i read through the article but didnt really understand what the deal was in the first place with sprint. somebody clue me in?

never heard about this had vonage at my old place and loved it...wtf did they infringe on i read through the article but didnt really understand what the deal was in the first place with sprint. somebody clue me in?

This is from the infringement case earlier...

http://yro.slashdot.org/article.pl?sid=07/09/25/2243252

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.

:corn