Hey, finally some good news for Vonage! According to Fierce VoIP, "A federal appeals court has vacated the $58 million in damages awarded to Verizon by a lower court that found Vonage guilty of patent infringement." In addition, the $58 million dollars in damages was vacated.Now Vonage isn't out of the woods yet. According to the Fierce VoIP article, 2 out of the 3 patents will have to be revisited by the lower court and don't forget about the $69.5 million to be paid to Sprint Nextel in a court decision reached two days ago. Check out the Fierce VoIP article for more details on this at least temporary win by Vonage.
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Great news for vonage
They seem to be going through a tough financial battle.
According to the SEC Form 8-K that Vonage filed on October 1, they are also going to see if they can get the appellate court to throw out the Sprint/Nextel judgment too. (http://ir.vonage.com/secfiling.cfm?filingid=1193125-07-211060)
But, they really should have talked to their attorneys before they made this statement:
(Pay attention here, this is the part where Vonage says "WE ARE GUILTY".)...
LOLVonage also says that they have had the workarounds for the two patents that are still in question in the Verizon case for quite a while. I'm not sure if that will make any difference to the final finding, but it may make a big difference in final monetary judgments. The sooner they can say they had those fixes in place, the less time the courts may make them pay Verizon their 5.5% royalty for using their technology.