Vonage Loses Battle to Verizon and Must Pay Out the Nose

March 9th, 2007 12:52 PM | by Christen da Costa | 6 Comments

Vonage Screwed Customers
Verizon was awarded $58 million in damages after an 8 person jury found Vonage guilty of ‘infringing’ upon 3 patents owned by the telecom – they were absolved of 2/5. The jury concluded that Vonage meant no mal intent which apparently helped soften the blow – apparently Verizon wanted more money. Patent infringement included, but not limited to call-waiting and how you hook up a standard phone line over the Internet. Additionally, Vonage must pay Verizon “5.5% in licensing fees per subscriber each monthâ€?. Vonage’s stock dropped 3.86% as a result of the news hitting an all-time low $4.85/share. It remains to be seen to how this will impact Vonage’s customers, but I’d expect to see more pics like this.

What the Verizon Verdict Means for Vonage [BusinessWeek]

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6 Responses to “Vonage Loses Battle to Verizon and Must Pay Out the Nose”

  1. issam says:

    j’aimrai bien savoir quel type du modem routeur fonctione le vonage?.
    merci

  2. Yadir says:

    Je travaille pour Vonage, et le service c’est excelente. On peux dire que le service c’est simple et tres facile. Comme Issam a dit> je voudrais savoir quel type de modem est que nous sommes en train de parler…

  3. cc says:

    My family just got vonage.

  4. joe says:

    I really don’t care for stocks :P

  5. Maia says:

    Vonage rules!

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