Apple and Cisco settle! iPhone name to be used by both

Here's one we didn't exactly see coming (at least not like this): Apple and Cisco have settled that "silly" lawsuit, with Apple agreeing to guarantee the exploration of "interoperability in the areas of security, and consumer and enterprise communications" according to the WSJ. We don't know exactly what that means, but it doesn't sound fantastic for Jobs, who we're sure wanted to have exclusivity over the name without cutting a partnership with Cisco, and didn't want to have to pay a red cent for it. But this does sound a lot like what Cisco wanted initially from Apple, and might possibly wind up in some kind of SIP / VoIP solution that allows iPhones and iPhones to communicate. Apparently both will make use of the trademark in the market (i.e. Apple's and Cisco's iPhones will both continue to be iPhones), and all's well that ends non-litigious.

[Thanks, Nick and Jay]