Seeking Alpha
SA's VP content, editor in chief
Profile| Send Message|
( followers)  

Apple Inc. and Cisco Systems Inc. said Wednesday they have settled their dispute over Cisco's iPhone trademark, and have agreed to share the iPhone name. The companies said in a statement that they "will explore opportunities for interoperability in the areas of security, and consumer and enterprise communications." Company officials would not comment on how the two companies might work together, and all other terms of the settlement remain confidential. Cisco's Jan. 10 lawsuit claimed Apple's upcoming iPhone infringed on the trademark it obtained in 2000 when it bought Infogear. In its filing, Cisco said Apple first brought up the iPhone trademark issues in 2001, and periodically since then, including several times in 2006. After Cisco refused, it says, Apple created a front company to try and acquire the rights in other ways. Apple's iPhone is slated for a June U.S. launch, will be available on Cingular's network, and will come in two versions: a 4GB model for $499 and an 8GB model for $599.

Sources: Press Release, Wall Street Journal, MarketWatch, CNET News
Commentary: engadgetCult of MacTake a Bite Out of the New Apple
Stocks/ETFs to watch: Apple Computer Inc. (NASDAQ:AAPL), Cisco Systems Inc. (NASDAQ:CSCO)
Related: Cisco's trademark complaint (.pdf), Infogear iPhone Trademark Registration

Seeking Alpha's news summaries are combined into a pre-market briefing called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only a few seconds to sign up.

Source: Apple and Cisco Settle iPhone Suit, Will Explore Interoperability