Cisco Systems Inc. and Apple Inc. announced Wednesday they have settled the trademark-infringement lawsuit could derail Apple’s use of the “iPhone” name for its new iPod cellular phone.
The two companies agreed Apple will be allowed to use the name for its new multimedia device in exchange for exploring “interoperability” between their products in the areas of security, consumer and business communications.
No other details of the agreement were released, and representatives from both companies declined to comment beyond their short joint statement.