Living in the Third World of Communications
If you haven’t heard, a court decided Vonage needs to pay Verizon $58 million in past damages for patent infringement in the following areas:
- Technology used to bridge Internet calls to the traditional phone system
- Features such as call-waiting and voice-mail
- Wireless Internet phone calls
Now I know many people at Verizon and they are very smart, well rounded and seem nice enough. From an investment perspective they did a good thing by using patents as a competitive weapon against a small provider who has revolutionized the telecom industry and made telcos wake up and realize they need to compete.
The question worth posing however is how is the consumer benefiting from this lawsuit?
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Date : Thursday, March 8th, 2007 11:26 pm
Category : General
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