holdings

 

Vonage Wants Review of Verizon Decision

Vonage Holdings Corp. said Wednesday it has filed a motion seeking a review of a U.S. appeals courts decision on a patent dispute with Verizon Communications Inc. The court upheld on Sept. 26 a verdict that Vonage infringed on two Verizon patents. It also remanded the verdict on a third patent and ordered a review […]

Vonage Settles With Sprint

Vonage Holdings Corp. on Monday said it will settle its patent dispute with Sprint Nextel Corp. by paying $80 million and licensing the technology it was found guilty of illegally using. Vonage lost another patent infringement suit two weeks ago. The IP telephony company now says it’ll pay $35 million for past use of Sprint’s […]

CTI Group Integrates Traffic Analysis, Call Recording With Natural Convergence

CTI Group Holdings Inc. said it has successfully integrated its traffic analysis and call recording products with the hosted key system solution provided by Natural Convergence. Natural Convergence provides hosted VoIP application software designed to allow service providers address the needs small businesses. Natural Convergences application, branded silhouette, lets small businesses manage their phone services […]

New York Certifies New Provider/Reseller

New York State officials have certified MSTI Holdings Inc. as a facilities-based telecom provider and reseller. The company, a subsidiary of Microwave Satellite Technologies Inc., sells quad-play services to residents, hotels and businesses. MSTI Holdings plans to expand into other markets as it is able. MST Inc. www.mst-online.com

ShoreTel Prices 7.9 Million Shares

Nearly five months after announcing it would go public, ShoreTel Inc. on Tuesday priced its shares at $9.50 apiece. The enterprise IP phone systems provider is offering 7.9 million shares of common stock. It is trading on the Nasdaq Global Market under the ticker SHOR. ShoreTel also has given underwriters 30 days to buy up […]

Former Vonage CEO to Receive $1.2 Million in Severance, Benefits

Vonage Holdings Corp. in an SEC filing late Wednesday laid out how much it paid former CEO Michael Snyder upon his April 11 resignation. Snyder will receive $150, 685 in bonuses for 2007; $1.1 million, or two-times Snyders base salary; $45, 833, or a months base salary; and $50,000 for outplacement services, an addition Snyder […]

XO Lowers Losses

XO Holdings Inc. reported Thursday that it lowered its net loss by more than 50 percent during the first quarter compared to the same time last year. The companys net loss was $20.6 million during the first quarter. It was $43.7 million in 2006. XO reported its revenue at $348.5 million compared with $349.6 million […]

Appeals Court to Hear Vonage-Verizon Case on April 24

A federal appeals court will hear arguments in the Vonage-Verizon patent case on April 24. That means Vonage Holdings Corp. will be able to sign new subscribers until at least that day. The VoIP provider late last Friday received a stay of injunction that would have stopped the company from adding new customers. Analysts for […]

Update: Vonage Gets Stay, Can Add Customers

A federal appeals court late Friday put a stay on an injunction that, hours earlier, blocked Vonage Holdings Corp. from adding new customers. A jury recently found that Vonage infringed on three key VoIP patents held by Verizon Communications Inc. and federal district judge Claude Hilton on the morning of April 6 punished Vonage by […]

Judge Bars Vonage From Signing New Subs

A federal judge has barred Vonage Holdings Corp. from signing up new subscribers because it infringed on three Verizon Communications Inc. patents. Vonage plans to immediately appeal the ruling. U.S. District Judge Claude Hilton on Friday told Vonage he would hold the injunction against the company as punishment for the infringement. The Associated Press reported that Vonage’s […]

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