Latest update of the deal........
Companies still trying to reach agreement!
Network equipment maker Cisco Systems Inc. said it agreed to give Apple Inc. more time to respond to the lawsuit it filed over the "iPhone" trademark, extending negotiations until
February 21.
"Cisco has agreed to give Apple an extension until Wednesday, February 21," Cisco said in a statement. "Cisco is fully committed to using the extra time to reach a mutually beneficial resolution."
It was the second agreement to an extension after a similar move on January 31.
While Cisco has said it wants to keep Apple from "infringing upon and deliberately copying and using" the trademark, it has also called for "interoperability", suggesting it was seeking more than a one-off payment for use of the name.
Apple spokeswoman Natalie Kerris confirmed the extension, saying the discussions were aimed at reaching an agreement on trademark rights and interoperability.
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