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.

"If they're going to pirate somebody, we want it to be us rather than somebody else." -- Microsoft Business Group President Jeff Raikes

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