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Vonage As a lawyer (not a patent one, but friends with several) I will tell you these suits
As a lawyer (not a patent one, but friends with several) I will tell you these suits can be very damaging. Verizon can and will hire very good lawyers, and the fight will be extremely distracting and costly for a company like Vonage that is losing money very quickly and does not have access to profits or capital markets where it can obtain more.
A patent lawyer runs from $280 (for someone right out of law school) to $800 an hour (a senior partner). Plus expenses, plus a very high hourly rate for paralegal work.
IMO the best thing VG can do now is buy VZ off for a few million dollars in return for not waiving the suit, but tolling it for two years. That is more than VZ could expect to ever get from the suit since VG is heading for bankruptcy in less than the 2-4 years it takes to litigate a patent suit, and it would save VZ the legal bills without waiving its claims to the intellectual property.
Of course if VZ's just wants to crush VG into the ground, they won't be willing to do that, and that just may be what they are trying to do with this.
The idea that VZ is shorting VG stock, however, is crazy. Telecom companies don't short each others' stock. It just isn't done.
The reason this can really sting VG is that it means no matter how cheap the stock gets, no company would ever want to buy it out, not even for 50 cents a share, since buying the company also means buying its potentially huge legal liabilities.
Read The Full Thread: Verizon Sues Vonage Over Patents
• Verizon Sues Vonage Over Patents
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
June
• You should also mention that Verizon has never once said anything about patent
• I used to have a verizon account. My monthly bill averaged $60 to $90 per month.
• My business once had four phone lines with Verizon. We switched three of the four
• I too am saving some $$. I switched from verizon to vonage almost a year ago.
I
• The news apaprently scared the investors. Stock down to $8.50 and is still expected
• Ridiculous, so we all will be force to Verizon/BB???
so far, I'm a passive
• No one can force you to do anything you don't want to do. There are other options
• I don't think so. Traditionally with patent litigation the patent holder would
BigTime posted "As a lawyer (not a patent one, but friends with several) I will tell you these suits" on 06/20/2006 |
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