A recent lawsuit involving Verizon and Vonage has been settled, and Vonage has been ordered to pay Verizon $120 million due to patent infringements. The fine imposed on Vonage means they are edging closer to bankruptcy, with debts mounting to the sum of some $250 million prior to the court’s decision, it looks like Vonage may have a tough time remaining in business.
With staff cuts already taking place to remain above board, this may be one cut too many for the firm to deal with. Having said that, as ever, anything could happen. We shall keep you posted on any developments. [Bloomberg via Gadgetell]
VoIP telephone provider Vonage just began offering Visual Voice Mail, a text transcription service that turns all of your voicemail messages into text that’s immediately emailed to you. Using a combination of speech-to-text software and human transcribers, Vonage is charging 25 cents per transcription, which could end up getting expensive if you have a lot of voice mails. We gave the service a try, with inconsistent results.
