backtop


Print 4 comment(s) - last by KillerNoodle.. on Mar 28 at 2:05 PM

Vonage still confident after losing 3 of 5 patent infringements

Vonage responded to Verizon's victory in the patent infringement case on Monday, saying that the company has been prepared for the outcome of the case and the injunction.  A press release stated that the company has "reaffirmed its confidence" in its ability to meet the expectations and support its over 2.2 million strong customer base. 

Vonage chief executive officer, Mike Snyder, stated the company was shocked at the market reaction to the trial loss.  "For the market to react the way it did to the recent rulings shows an unfortunate lack of understanding of the judicial/appellate system, a lack of appreciation of Vonage's resourcefulness, or, perhaps, both. Anyone who's counting Vonage out is making a huge mistake."

It is expected that the judge will set forth a permanent injunction on April 6, 2007. If he does not grant Vonage to stay the injunction, the company will immediately file for a stay with the Court of Appeals for Federal Circuit.  The company will also file a notice of appeals to "set aside the jury verdict which was handed down March 8."

Vonage feels confident that the trial court judge will stay the injunction and that once the trial is in appellate court, that the verdict will be overturned.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

Bon voyage Vonage!
By madoka on 3/28/2007 12:59:46 AM , Rating: 2
Subscriber base decimated. Losing gobs of money. And now this. I can't imagine this company being around much longer.




RE: Bon voyage Vonage!
By GoatMonkey on 3/28/2007 8:32:20 AM , Rating: 3
You're probably right, but someone is going to come along and buy what's left of them to make a real push for VOIP. It has to happen at some point. Either that, or the current major phone companies will come to their senses and move all of their phone services to VOIP.


I feel sorry for anyone who invested in VG
By skyyspam on 3/28/2007 4:10:47 AM , Rating: 2
I hope nobody here bought Vonage on it's IPO. It's share values have had a constant decline from almost $15.00 last year, to $3.26 today. Sell!




By KillerNoodle on 3/28/2007 2:05:03 PM , Rating: 2
quote:
By GoatMonkey on 3/28/2007 8:32:20 AM , Rating: 3
You're probably right, but someone is going to come along and buy what's left of them to make a real push for VOIP. It has to happen at some point.

You might want to keep those shares if you like GM's thoughts in the post quoted. You might win if some big bad company sees a great earnings potential in the remains of Vonage.


"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki