Vonage said today that it has been served with a patent infringement lawsuit filed by Verizon. The lawsuit from Verizon Service Corp. and Verizon Laboratories Inc. alleges that Vonage infringed on seven patents related to VoIP technology. The timing of this lawsuit is more than suspicious. With Vonage facing lawsuits from its customers over its failed IPO and its stock continuing a downward spiral, I'm wondering if this isn't simply Verizon going for the jugular while Vonage is down.
Already, the stock is down2.24% ($9.60/share) 7.92% ($8.84) today (Update: Broke the $8 barrier). What sweet revenge Verizon could have - simply by hurting Vonage's stock - whether or not the lawsuit has any merit. Vonage more than any other VoIP company is responsible for bringing <$30/month unlimited voice calling to residential homes which absolutely killed the RBOCs profit margins - forcing them to price match and get into the VoIP game much sooner than they would have liked.
I wouldn't be surprised if AT&T/SBC, and other telephone companies sue Vonage now that they are a public company. Certainly the phone companies have "deep pockets" to hurt Vonage. A few more hits to Vonage stock by the carriers using lawsuits will certainly bring utter glee to the boardrooms of the large carriers. Revenge is a dish best served cold...
Already, the stock is down
I wouldn't be surprised if AT&T/SBC, and other telephone companies sue Vonage now that they are a public company. Certainly the phone companies have "deep pockets" to hurt Vonage. A few more hits to Vonage stock by the carriers using lawsuits will certainly bring utter glee to the boardrooms of the large carriers. Revenge is a dish best served cold...
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Don't Fret Folks!
Lawsuits are the American Way and hey Vonage will be here after you are all DEAD!
Stealing is also the American Business Way!
For all of your hype about VONAGE, you would think it was the end of the world. Ha! Fear not all of you little Gizmo Freaks, for if not for Thomas Edison, you would all be sitting around watching HDTV by friggin CANDLELIGHT.
And are your lights still working? Well Thomas
stole that invention...
Cheers, now you bloggies get back to work and do something for the money in your pocket...UH OH! I mean if you have something to do. I get the feeling though that you complainers are all Government Cheese eaters. STEALING FROM US WORKING CLASS....
bye bye..
Maybe It's True?
Stay productive, responsive and connected while on the go, right from your laptop at average download speeds of 600 Kbps – 1.4 Mbps and at average upload speeds of 500 Kbps – 800 Kbps.* " right off their web page"
As verizon customer, I have found what they advertise and what they deliver is 2 different things. I pay average 60.00 per month for their wireless service and have to call them every week because of speed issues per contract in first paragraph. I have just got off the phone with them and they are trying to tell me that they can not deliver what is in the contract because of “a marginal area." My signal strength is in what they call very good range -72DBM and I use an external antenna. Some days I reach speeds of over 1 Meg but most of the time it is below 300kdownload and 100k uploads. After the last conversation I was told that they would waive the cancellation fees "fees they created" if I wanted to move to another provider. I feel that they should not only reimburse for the time that the service was not working properly, but also reimburse for the useless equipment that they sold me with great expectations. On most cases this would be considered breech of contract. As a tech myself I have determined testing with them as well as my own testing that the issues are not with anything on my end. As an added note I was also told in the verizon store as well as with their phone service that this USB720 wireless modem can also be used to send faxes with no additional charges. I have had this account since January with no charges until the past 2 months, last month they credited back the fees. Now I am stuck in a 2 year contract that I am not happy with or I can cancel it, they waive the fees and I still will have to purchase new devices from another provider."$150.00" If there is an ongoing class action lawsuit against them for this whom do I need to speak with? Verizon should not only be made liable for false advertising, but also be made to reimburse all billed fees since activation as well as the cost of this device... Note: this device is a mobile device but I currently do not use it as such, it is attached to a fixed workstation and does not move.
Please contact me @ either this email address or by telephone (941) 525-0904.
Thanks for your help in advance, Michael S. Orlando
(941) 525-0904
392 Teakwood Dr Ellenton, FL 34222