Vonage : "We have no patents work-around"
Written by dean on Apr 16, 2007 - 07:17 PM
So it's in the hands of the judge next week, as to whether or not Vonage is to face bankruptcy.
USA Today has the full story, which I picked up from a piece by Alec Saunders
The judge does have the "public interest" hook to hang a stay on (and 2 million subscribers validates the public nature of this legal process) but beyond that temporary legal respite, Vonage are going to have to do something to stay alive. This cat is well and truly in the corner. Will it bounce ?
CEO Michael Snyder resigned last week, leaving in his wake the caretaker CEO position to Jeffrey Citron (an interesting story in itself as Citron is currently barred from running a public company due to previous unlawful trading).
Citron still owns 30% of the company and hasn't sold a single share since the IPO, despite the ferocious devaluation of the company by the markets over the last year.
Citron historically is known as a bit of a street fighter, and likely to continue with the legal system and appeals route. Snyder, on the other hand, is widely quoted as having wanted to settle the litigation, pay the fines and move forwards. Prior to founding Vonage with Jeff Pulver, Citron had no telecoms industry experience.
Of mounting concern is the fact that Vonage ostensibly use open standards and have a network based, in large part, on open source software (Iptel's Sip Express Router is driving it).
So the following questions for the moment remain unanswered:-
1. Who's next on Verizons hit-list?
2. What patents do Verizon hold in other jurisdictions?
3. Is VoIP just going to turn into a technology for the encumbent telco's, with the anticipated space for the "little guy" effectively eradicated?
| Quote: |
| "While Vonage has studied methods for designing around the patents, removal of the allegedly infringing technology, if even feasible, could take many months to fully study and implement." |
USA Today has the full story, which I picked up from a piece by Alec Saunders
The judge does have the "public interest" hook to hang a stay on (and 2 million subscribers validates the public nature of this legal process) but beyond that temporary legal respite, Vonage are going to have to do something to stay alive. This cat is well and truly in the corner. Will it bounce ?
CEO Michael Snyder resigned last week, leaving in his wake the caretaker CEO position to Jeffrey Citron (an interesting story in itself as Citron is currently barred from running a public company due to previous unlawful trading).
Citron still owns 30% of the company and hasn't sold a single share since the IPO, despite the ferocious devaluation of the company by the markets over the last year.
Citron historically is known as a bit of a street fighter, and likely to continue with the legal system and appeals route. Snyder, on the other hand, is widely quoted as having wanted to settle the litigation, pay the fines and move forwards. Prior to founding Vonage with Jeff Pulver, Citron had no telecoms industry experience.
Of mounting concern is the fact that Vonage ostensibly use open standards and have a network based, in large part, on open source software (Iptel's Sip Express Router is driving it).
So the following questions for the moment remain unanswered:-
1. Who's next on Verizons hit-list?
2. What patents do Verizon hold in other jurisdictions?
3. Is VoIP just going to turn into a technology for the encumbent telco's, with the anticipated space for the "little guy" effectively eradicated?
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