A cynic might says that Verizon’s (VZ) patent lawsuit against Vonage (VG) is just a way to get rid of a pesky competitor. VoIP is eating the Verizon and AT&T (T) landline businesses alive.
But, much of the VoIP competition comes from the cable companies like Comcast (CMCSA) and Time Warner (TWX). Who knows? They might get hit with patent litigation next.
Verizon claims that Vonage violates its patent on several items including call forwarding and fraud protection. All Verizon wants is $197 million and future royalties. That seems reasonable enough.
But, if Verizon wins it could wipe Vonage out.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
