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Vonage loses appeal, now owes Verizon $117.5 million

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A follow-up to our earlier story regarding Verizon's patent lawsuit against Vonage: the latter company has lost its appeal against the former, and is now looking at having to pay the full $117.5 million settlement, plus $2.5 million to charity. It's been a bad few days for Vonage indeed, with the company's shares dropping 87 percent since IPO, and a tenth of its workforce out of a job. When you've hit rock bottom, the only way is up, right?

[Via Slashdot]

*Verizon has acquired AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.

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