UPDATED: Nortel said it has agreed to drop its and
trade-secret lawsuit against Arbinet-thExchange.
Nortel Networks : Tech news from CNET News.com::
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The network equipment giant did not disclosed the terms. However, an Arbinet
regulatory filing said the suit was settled for $850,000.
In July, Nortel claimed that Arbinet infringed and misappropriated
trade secrets by using its proprietary software without authorization.
Technology News: News: Judges Approve Nortel Fraud Settlement::
Nortels insurance companies have already agreed to pay out $228.5 million to settle the suits. Nortel, including radio base stations, switching, IP
http://www.technewsworld.com/story/legal/54889.htmlHOME |
Vonage and Nortel Come to an Agreement::
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It also claimed Arbinet exceeded the permitted usage level under its license
and failed to meet contractual obligations concerning the purchase of
switching systems.
Arbinet, in its filing with the Securities and Exchange Commission, said
Nortel's original complaint sought $6 million in damages plus certain
software fees.
"[Nortel] has invested billions of dollars in research and development
activities, including the development of proprietary software," the company
said in a statement. "Nortel is committed to protecting its investment from
unauthorized exploitation."
Nortel News - News Archive::
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Vonage Racks Up Another Patent Suit - Seeking Alpha::
Nortel filed its suit in the U.S. District Court in Delaware on Friday in an The company has spent about $240 million to settle the suits.
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Christina Warren, a Nortel spokeswoman, said Arbinet is no longer a Nortel
customer.
Based in New Brunswick, N.J., Arbinet is an electronic market for trading,
routing and settling communications capacity between carriers.
In other Nortel news, the company received an order of VoIP equipment from
Cable Onda, a cable service provider in Panama. Financial terms were not
disclosed.
Specifically, the deal involves Nortel Communication Server 2000 - Compact.
The equipment enables cable operators to deliver voice and data
traffic on a packetized network.
Also included in this deployment will be Nortel Packet Voice Gateway
to help switch voice calls more cost-effectively.
In 2003 and the first half of 2004, Nortel ranked first in the global
markets for carrier packet voice and softswitch revenue, according to
Synergy Research Group. Its customers include Charter Communications,
Cox Communications, VTR ( Chile), TeleCable (Spain), Telenet (Belgium) and
Kable BW (Germany).
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