Cisco, Apple Agree to End iPhone Suit, Share Name

From MarketWatch

Cisco Systems Inc. (CSCO) and Apple Inc. (AAPL) said Wednesday they reached a settlement to their six-week-old legal dispute over Cisco's iPhone trademark and had agreed to share the name. No financial terms were released.

According to a brief statement from the Silicon Valley tech giants, both companies are free to use the iPhone brand name on their products. Cisco said it would end litigation it filed in California and the U.K. to protect the brand.

The companies also said they would explore "opportunities for interoperability in the areas of security, and consumer and enterprise communications." A Cisco spokesperson declined to elaborate on the focus of the interoperability efforts.

The agreement ends the legal wrangling between the two firms that began shortly after Apple Chief Executive Steve Jobs announced the company's new iPhone in early January. The pact comes on the day Apple was expected to file its first legal brief in the case.

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