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
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.
quote: By GoatMonkey on 3/28/2007 8:32:20 AM , Rating: 3You'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.