Vonage Settles Patent Suit With Sprint-Nextel 45
mytrip writes to tell us that Vonage has been able to settle their patent differences with Sprint-Nextel for a mere $80 million. This settlement resolves all pending claims by Sprint-Nextel as well as licensing Vonage to use over 100 patents and a $5 million advance in prepayment for services.
Re:Many of You Have No Idea (Score:4, Informative)
The SIP protocol also lets anybody play without paying for anything (except for generic network service).
With SIP the ONLY thing Vonage has to sell that can't be had for free is bridging to the public switched telephone network. Which is what those patents are about.
Re:Massive insider trading Vonage? (Score:4, Informative)
Especially if the company goes from looking dead in the water to having a decent chance at continuing to function. SCO would have done the same thing if for some reason the judge had ruled that they owned the UNIX copyrights.