Thursday, March 8, 2007

Vonage Affirms Financial Stability Following Verdict in Verizon Patent Case

Vonage, which is currently serving 2.2 million VoIP subscriber lines, issued a public statement to assert its financial stability in the wake of its loss in the recent patent court case with Verizon.

Vonage asserted that it is not going out of business and that there will be no loss of service to its customers, even in the event that the monetary award ($58 million) and royalties are ultimately upheld/paid.

If the judge issues an injunction, Vonage is confident it will be able to successfully stay it and the company expressed confidence in the strength of its appeal.

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