Vonage Loses Appeal; Verizon Owed $120 Million

Vonage Loses Appeal; Verizon Owed $120 Million 160

Posted by Zonk on Friday November 16, 2007 @05:44PM from the need-to-get-out-of-the-spanking-machine dept.

Billosaur writes "Things do not look good for Vonage. Yesterday, they lost their request for reconsideration of their settlement with Verizon. This means Vonage owes Verizon $120 million to end the patent lawsuit filed against them. The costs associated with defending the case have cut into Vonage's bottom line, and despite attempts to cut costs by laying off 10% of their workforce, they may be unable to make a payment against their debt come December. According to the settlement, Vonage will pay $117.5 million to Verizon and another $2.5 million dollars to charity. Vonage's shares have dropped 87% since their IPO, now hovering around $1.50 per share."

Vonage Loses Appeal; Verizon Owed $120 Million

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and who woulda thunk it... (Score:3, Funny)

by Bananatree3 ( 872975 ) writes: on Friday November 16, 2007 @05:47PM (#21384203)

as Vonage was going IPO it would come burning down like a flamin' meteorite.

I just hope the commercials go away (Score:1, Funny)

by Anonymous Coward writes: on Friday November 16, 2007 @05:48PM (#21384209)

Presumably their TV campaign will dry up?

What patent did Vonage infringe upon? (Score:1, Funny)

by Anonymous Coward writes: on Friday November 16, 2007 @05:51PM (#21384241)

What patent did Vonage infringe upon?

Previous art no longer holds up? Awesome (Score:5, Funny)

by CrazyJim1 ( 809850 ) writes: on Friday November 16, 2007 @05:52PM (#21384255) Journal

Dibs on patenting the wheel.

Soooo, looks like... (Score:5, Funny)

by davidsyes ( 765062 ) writes: on Friday November 16, 2007 @06:12PM (#21384473) Homepage Journal

Von Boyage?

Re:Previous art no longer holds up? Awesome (Score:2, Funny)

by middlemen ( 765373 ) writes: on Friday November 16, 2007 @06:21PM (#21384581)

This was on today's Engrish. [engrish.com] Mixes prior "art" and patents.

Re:I just hope the commercials go away (Score:4, Funny)

by Anonymous Coward writes: on Friday November 16, 2007 @06:42PM (#21384773)

No, it just changes to:
"Boo hoo, boo hoo hoo..."

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Vonage Loses Appeal; Verizon Owed $120 Million 160

Vonage Loses Appeal; Verizon Owed $120 Million More Login

Vonage Loses Appeal; Verizon Owed $120 Million

and who woulda thunk it... (Score:3, Funny)

I just hope the commercials go away (Score:1, Funny)

What patent did Vonage infringe upon? (Score:1, Funny)

Previous art no longer holds up? Awesome (Score:5, Funny)

Soooo, looks like... (Score:5, Funny)

Re:Previous art no longer holds up? Awesome (Score:2, Funny)

Re:I just hope the commercials go away (Score:4, Funny)

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