Apple, Cisco Reach Agreement on iPhone Name
The two companies settle a lawsuit that challenged Apple's right to use the name "iPhone" for a new multimedia phone.NEW YORKNetwork equipment maker Cisco Systems Inc. and Apple Inc. said on Wednesday they had reached an agreement that allows both to use the "iPhone" name, after Cisco sued the iPod maker for using it for a new multimedia phone. Financial terms of the agreement were not disclosed. In a joint statement, they said both companies are free to use the "iPhone" trademark on their products throughout the world, and each side will dismiss any pending actions regarding the trademark.
In addition, Cisco and Apple will explore opportunities to work together in the areas of security, and consumer and institutional communications.