VG is up ~47% for the day so far, but that's small comfort to any customers/investors who got in on the "friends and family" initial offering at $17 -- the stock is now trading at $1.69...
Vonage Holdings Corp. settled its patent dispute with Sprint Nextel Corp., agreeing to pay $80 million to license Sprint's Internet-calling technology.
Last month, a federal jury in Kansas handed down a verdict finding Vonage had infringed six Spring patents related to voice over Internet protocol technology, which allows phone calls to be handled over Internet connections.
The deal includes a $35 million payment for past use, $40 million for future use and a $5 million prepayment for services.
1 comment:
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What do you guys think about it?
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