Copyright and trademark blog by New York and New Jersey attorney Ronald Coleman

How not to make money in telecom

September 3rd, 2009 by Ron Coleman | Print

Originally posted 2007-03-08 17:44:31. Republished by Blog Post Promoter

A jury ordered Vonage to pay $58 million in a patent infringement case brought by Verizon. But that’s okay — Vonage already “reported a net loss of $65 million for the last quarter.” It will just pay the damages by making it up in volume.

UPDATE:  It gets worse.

2 Responses to “How not to make money in telecom”

  1. craig mclaughlin Says:

    “It will just pay the damages by making it up in volume.” Ah, the dot com business model. Seriously though, any notion how big a hit this is for Vonage– if they’re already losing money mightn’t this send them into bankruptcy? And if so should we care? (I’m leaning towards a no on that last one)

  2. Ron Coleman Says:

    “In the unlikely event the monetary award ($58 million) and royalties are ultimately upheld/paid, they will not jeopardize Vonage’s financial position as we focus on achieving profitability,” the company said in a statement.

    http://news.yahoo.com/s/nm/20070309/wr_nm/vonage_outlook_dc_1

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