Cisco and Apple today announced that they have resolved their dispute involving the "iPhone" trademark. Under the agreement, both companies are free to use the "iPhone" trademark on their products throughout the world.

Both companies acknowledge the trademark ownership rights that have been granted, and each side will dismiss any pending actions regarding the trademark. In addition, Cisco and Apple will explore opportunities for interoperability in the areas of security, and consumer and enterprise communications.

Other terms of the agreement are confidential.

Apple and Cisco issued the following statement today regarding the iPhone lawsuit:

"Apple and Cisco have agreed to extend the time for Apple to respond to the lawsuit to allow for discussions between the companies with the aim of reaching agreement on trademark rights and interoperability."

Concerns that Cisco and Apple could clash over the use of the name "iPhone" for Apple's latest product appeared to be off the table yesterday as Cisco was reported to have offered Apple rights to use the name. Today, the situation has changed.

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Linksys today launched a new phone that many expected to be announced by Apple in early January: A device with the name iPhone will be available from wireless equipment maker Linksys in the first quarter of next year.

But besides the name, there is little the Linksys device has in common with what we expected the iPhone to be. Instead of a cellphone with iPod functionality, the iPhone WIP320 is a Wi-Fi Skype phone that appears to be a clone to already released models from Netgear and Belkin.

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