resource center
  See your link here
|
IDG News Service -
Net2Phone Inc. and its subsidiary ADIR Technologies Inc. have filed a lawsuit against Cisco Systems Inc. seeking compensatory and punitive damages for breach of contract, the charging companies said yesterday.
Newark, N.J.-based Net2Phone, a provider of services for voice phone calls over the Internet, and ADIR, which makes voice over IP (VOIP) software, claim that network hardware giant Cisco breached a contract with Net2Phone, stole trade secrets, engaged in fraud and unfair competition and breached fiduciary duties, the companies said in a statement.
ADIR was set up by Net2Phone and Cisco two years ago to make ADIR's software compatible with Cisco's hardware and to ultimately develop a "highly marketable" product for voice communication over the Internet. However, Cisco "seriously misinterpreted" the relationship, failed to support the project and produced its own competing product, according to Net2Phone and ADIR in their suit.
Net2Phone could seek as much as $700 million in total damages, The Wall Street Journal reported, based on comments from a person familiar with the lawsuit. By contrast, Net2Phone's market capitalization was about $316 million yesterday.
Cisco spokesman Stephen Langdon said, "This appears to be an effort to justify a business failure by filing a lawsuit."
The suit was filed in U.S. District Court for the District of New Jersey.
Linda Rosencrance of Computerworld contributed to this report.
Related stories:
IDG.net
How to Secure and Accelerate Your Oracle Applications
Learn about the escalating application performance and security challenges facing corporations, today!
Aligning IT to Business: The Rising Importance of Application Delivery Networks
Application Delivery Networking (ADN) will play a vital role in helping enterprises incorporate strategic technologies to achieve business initiatives.
Optimize Performance of Datacenter to Datacenter Traffic
To get the backups and database synchronizations completed on time, enterprises rely on WAN optimization from Blue Coat.
Mitigate Risk, Lower Costs and Improve Network Efficiency
Create a stable IP network that not only meets today's challenges, but is flexible enough to also meet future demands.
Enterprise Application Delivery: No User Left Behind
Gain the ability to deliver applications to all users, using any device, across any network.
Preparing Your Business Services for the Future
Would you trust your network monitoring tools enough to know when something is truly halting a business service?
Practical Strategies to Accelerate Business Applications Across the WAN
Discover how Blue Coat SG appliances, uses five essential techniques to speed delivery of internal and externally hosted business applications
IPAM: Slashing Network Costs
Slashing Network Costs by Consolidating and Automating Core Network Services
Infonetics: WAN Optimization Appliance Market Highlights 1 Q09
Vendor market share positions shuffled once again in 1Q09, learn more now!
Horror stories: Managing IT Across Multiple Locations
How one extra sharp IT manager eliminates daily agony, hassle and repetition.
Sign up to receive updates on the latest Networking and Internet resources
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDC
IDG
IDG Connect
IDG Knowledge Hub
IDG TechNetwork
IDG Ventures
IDG.net
InfoWorld
ITwhitepapers
ITworld
JavaWorld
LinuxWorld
Macworld
Network World
PC World
The Industry Standard
Copyright © 1994 - 2009 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission ofComputerworld Inc. is prohibited. Computerworld and Computerworld.com and the respective logos are trademarks of International Data Group Inc. |
