Cisco, Apple Agree to Share 'iPhone' Name
RENEE MONTAGNE, host:
In our business news, two tech giants end their fight and agree to share. The fight was over the name iPhone. Computer networking company Cisco Systems was suing Apple, saying it had the right to the name that Apple had put on its new cell phone. The fight could've dragged on and damaged the debut of one of Apple's biggest new products in years, but yesterday the two companies struck a deal. Both can use the name.
Apple and Cisco also agree to quote "explore opportunities to work together in areas like security and communications." That's raising eyebrows because Apple is noted for gadgets that aren't compatible with other companies' products.
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