Vonage Loses Verizon Patent Case
This article in the Wall Street Journal talks about Vonage and how much it is losing its place in the internet calling industry. Vonage was sued by Verizon for breaking Verizon's patent laws. Vonage was found guilty and ordered to pay $58 million. The courts are deciding if they are going to put laws on Vonage to keep them from continuing these infringement laws. This article makes me wonder if patents result in monopolies. Verizon is in the midst of also suing other smaller companies for certain features that they have patents for. When should patents be issued? What should they be issued for? These questions are being examined a lot lately because smaller companies or, in this example, large companies, don't stand a chance.
3 comments:
when market can't get its best efficiency. Goverment should make it right. Every compeny living by roles, so do Vonage and Verizon.
I feel that patents do not result in monopolies. A reason for the patent is so ideas are not stolen and someone else makes a profit off your product. Verizon is not doing anything wrong in suing for patent infringement because it is their goal to make a profit off their ideas.
I think that Verizon had every right to sue because they did have the patent and under the law they can sue. I however do think that patents can in fact create monopolies even without meaning to. If nobody else can create your product because it was your idea then there would be only one person producing it and that is a monopoly.
Post a Comment