|
Vonage Gets Sued By AT&T In Patent-Infringement Suit
(InvesTrend Via Thomson Dialog NewsEdge)
October 22, 2007 (FinancialWire) Vonage Holdings Corp. (NYSE: VG) has
been sued by AT&T Inc. (NYSE: T) in another patent-infringement lawsuit.
A suit filed by Verizon Communications Inc. (NYSE: VZ) is still in the
court system, but the jury awarded Verizon $48 million in damages, plus
future royalties and two weeks ago Vonage settled a patent dispute with
Sprint Nextel Corp. (NYSE: S) for $80 million. In the AT&T lawsuit, the
single patent in question, filed in 1996, appears to broadly describe
the idea of routing telephone calls over data networks like the
Internet. The listed inventor is Alexander Fraser, AT&T's former chief
scientist.
Last week, Vonage settled a fourth legal dispute, with Klausner
Technologies Inc., a small company with patents on voicemail
technology, for an undisclosed sum. Klausner had sued for $200 million.
Vonage's growth stalled this year, leaving it with 2.3 million
subscribers at the end of the second quarter. Cable companies,
meanwhile, have rolled out voice-over-Internet technology and have
quickly gained customers among their video subscribers without having
to match Vonage's massive spending on advertising. Shares of Vonage
fell 13 cents to close at $1.54.
For up-to-the-minute news, features and links click on
http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a
press release service and receives no compensation from any company for
its news or opinions. Other divisions of Investrend, however, provide
shareholder empowerment platforms such as forums, independent research
and webcasting. For more information or to receive the FirstAlert daily
summary of news, commentary, research reports, webcasts, events and
conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please
click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in
which you are invested, go to the not-for-profit Shareholders Research
Alliance, Inc. website by clicking on
http://www.shareholdersresearch.com/
The FinancialWire NewsFeed is now available in multiple formats to your
site or desktop, free. Click on:
http://www.investrend.com/XmlFeeds?level=268
(Distributed for Investrend Communications, Inc. via M2 Communications
Ltd (www.m2.com))
Copyright 2007 M2 Communications Ltd.
[ Back To TMCnet.com's Homepage ]
|
INDUSTRIES
Activate Email 
