Monday, June 19, 2006

Vonage: Patent Suit. What's Next?

Verizon on Monday filed a patent infringement lawsuit against Internet phone service Vonage.

The suit comes after Vonage's IPO flop and shareholder suits.
Verizon's suit over voice over Internet Protocol technology involves seven patents. Vonage said it plans to have its intellectual property outside counsel investigate the matter.

"Vonage believes that its services have been developed with its own proprietary technology and technology licensed from third parties and intends to vigorously defend the lawsuit," the company said in a statement.

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