Tuesday, October 09, 2007

A Settlement by Vonage Over Patents - New York Times

Despite its assorted woes, that still leaves VG with a $400M market cap 

Vonage, the Internet phone-calling pioneer, has settled its patent dispute with Sprint Nextel for $80 million and agreed to license Sprint’s Internet-calling technology, the two companies said yesterday.

The news buoyed the price of Vonage’s stock amid optimism that the settlement would eliminate one of several clouds hanging over the company. Its shares jumped 123 percent to close at $2.57. The price is still down 63 percent for the year.

A Settlement by Vonage Over Patents - New York Times

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