Vonage, Nortel call a truce -- no cash changing hands
Although the press release issued to announce the settlement between Vonage and AT&T earlier this month is still the shortest we've seen in all of 2007, we're pretty certain the one doled out to trumpet the truce between Vonage and Nortel is holding down the two-spot. In just five wee sentences, we learn that the two have agreed in principle to end the litigation pending between 'em, and though no cash will be changing hands, the agreement does involve a limited cross license to three patents per firm. Way to put the past behind before entering into the new year, we say.
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