UPDATE FROM CISCO - Intellectual property is the lifeblood of Silicon Valley and we all have to protect our property. The iPhone trademark is owned by Cisco, as noted in your story. We (Cisco) had hoped to reach an agreement to share our trademark with Apple, yet they decided to use the name without our agreement, so we, unfortunately, are having to go to court to stop them from using the name. This is not about money. We still hope we can reach an agreement, but when your neighbor steals your property, you have no recourse other than to call the cops and file a complaint. Full Cisco statement at: http://newsroom.cisco.com/dlls/2007/corp_011007.html

You can also read Mark Chandler's blog entry (he is SVP and General Counsel) to give you a bit of the tick-tock and flavor here: http://blogs.cisco.com/news/2007/01/update_on_ciscos_iphone_tradem.html He states, in part, "this is not a suit against Apple’s innovation, their modern design, or their cool phone. It is not a suit about money or royalties. This is a suit about trademark infringement."