Apple and Cisco Reach A Deal
Finally, after weeks and weeks of arguments and disputes between Apple and Cisco, the two companies have finally come to an agreement on the iPhone name. As we all know, when Cisco bought out Infogear in 2000 they acquired the iPhone name, which they later began to use last year on their VoIP dual-mode cordless phones. in January of this year, Apple announced news of the iPhone (like you didn’t know) without an agreement with Cisco to use the iPhone name, which sparked Cisco into suing Apple.
After two deadlines being pushed back for Apple to respond to Cisco’s terms, the two companies finally managed to come to an agreement and both companies now have rights to share the name.
“Under the agreement, both companies are free to use the iPhone trademark on their products throughout the world. Both companies acknowledge the trademark ownership rights that have been granted, and each side will dismiss any pending actions regarding the trademark,” the companies said in a statement.
One lawsuit down, a possible two to go, Apple!
[Via Macworld UK]