Cisco sues Apple over iPhone

Yowser! Apple has been in talks with Cisco over the name iphone for several years now. You see, Cisco has owned the trademark since 2000. And up until Apple’s iPhone launch a few days ago, they were still in talks. Obviously Apple’s iPhone announcement to the world came as a surprise to Cisco since they hadn’t agreed anything yet. And more importantly, because Cisco just launched their own product called iphone three weeks ago. So now Cisco and Apple are going to have to duke it out in court. As a result of this news, Apple stock fell and Cisco stocks went up yesterday.