 cdruGo ColtsPremium,MVM
join:2003-05-14
Fort Wayne, IN
kudos:5
 ·Frontier FiOS
| reply to fAcEtIOUs
Re: Welcome to the end. said by fAcEtIOUs:The patent liability of less than a $100 million for a company with $600 million of cash or cash equivalents on hand isn't going to stop a sale. Their assets are worth $789 million. Several things here:
Their patent liability is less then $100m. But the judge has already said that the award isn't enough to discourage further patent violations. If Verizon/Vonage don't come to an agreement over licensing fees and Vonage ultimately loses out on appeal, Vonage will have to change their technology to a non-infringing method or stop offering service. That is an even bigger liability.
Vonages $789m worth of assets was 6 months ago. Their current assets are around $378m. Over that period too, their liabilities have not gone down the same porportional amount. They currently stand around $438m.
Take away stockholder equity and Vonage is nearly 1/2 BILLION in the hole.
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