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.
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