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Vonage Internet Calls to Phone Lines Blocked by Judge
From: David Farber <dave () farber net>
Date: Fri, 23 Mar 2007 13:28:25 -0400
Vonage Internet Calls to Phone Lines Blocked by Judge (Update4) 2007-03-23 13:17 (New York) By Jeff St.Onge and Amy Thomson March 23 (Bloomberg) -- Vonage Holdings Corp., an Internet phone-service provider, was ordered by a judge to stop using Verizon Communications Inc. technology that allows customers to make calls to standard phone lines. U.S. District Judge Claude Hilton approved Verizon's request for a block today in Alexandria, Virginia. Hilton said he won't sign the order before a hearing in two weeks on Vonage's request for a stay. A jury found March 8 that Vonage infringed three patents and should pay Verizon $58 million. Cash compensation ``does not prevent continued erosion of the client base and the customer base'' of Verizon, Hilton said. ``The only hardship to the defendant is loss of revenue.'' New York-based Verizon sued money-losing Vonage in June, claiming it lured away more than 1 million Verizon customers by copying voicemail and other services, as well as a method for allowing Internet calls to reach traditional phone lines. Vonage's sales more than doubled to $607.4 million last year. ``My impression is they have to shut down if they have no workaround and that's obviously disastrous,'' said Clayton Moran, an analyst with Stanford Group in Boca Raton, Florida, who covers Vonage and doesn't own the shares. ``If they are able to complete the workaround, it'll be an added cost.'' <snip> ------------------------------------------- Archives: http://v2.listbox.com/member/archive/247/@now Powered by Listbox: http://www.listbox.com
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