Vonage: We Are Not Going Away

According to Vonage, rumors of its demise due to its ongoing patent litigation with Verizon have been greatly exaggerated.

In a statement released Monday morning, the nation's largest VoIP provider disputed media reports that the ongoing lawsuit brought against it by Verizon may have a negative impact on the company's business.

Vonage is accused of violating seven patents covering telephone features and the use of Wi-Fi to place telephone calls. Some have suggested that a loss in the case could cause a service interruption and put the future of smaller VoIP providers in doubt.

"It is wrong and irresponsible to presuppose either the outcome or the impact this litigation would have on our business," Vonage CEO Mike Snyder said. "We are confident we have not infringed on any of Verizon's patents and, in any case, we believe the Verizon patents are invalid."

Snyder said that the company would have plenty of cash reserves to remain in operation, and furthermore, regardless of the outcome, would be able to continue operating.

The company called the lawsuit "frivolous" and said it expected the court to see that Verizon's case would be "exposed as a transparent attempt to stifle one of its most successful competitors."

Verizon has so far declined to comment on the suit.