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.
Makes sense for Sprint (Score:4, Insightful)
Next up: Bankruptcy (Score:5, Insightful)
Massive insider trading Vonage? (Score:3, Insightful)
Who were all those traders with inside information? And will anything be done about them? You so rarely hear about prosecutions for insider trading...
Date Open High Low Close Volume Adj Close*
today 1.56 2.70 1.41 2.57 34,993,632 2.57
5-Oct-07 1.05 1.23 1.02 1.15 4,172,700 1.15
4-Oct-07 1.00 1.05 0.98 1.03 2,463,000 1.03
3-Oct-07 1.00 1.01 0.97 1.01 1,053,700 1.01
2-Oct-07 0.99 1.03 0.96 0.98 1,662,100 0.98
1-Oct-07 1.03 1.03 0.96 0.96 1,295,600 0.96
http://finance.yahoo.com/q/bc?s=VG&t=5d [yahoo.com]
I believe that the patent on those is expired (Score:4, Insightful)