The battle over Cisco vs. Apple over the iPhone name is finally over (for now). The deadline for the law suit ended today with an official statement that both parties have reached an agreement. Within the terms of agreement, both companies will have the right to use the name.

Here is the Press Release from Cisco’s website:

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.

It seems like a vague statement without any financial settlement being discussed. It is a good assumption to think that Cisco has negotiated an agreement to get royalties of some sort from all proceeds of the Apple’s iPhone sales. However, it is hard to determine without further confirmation. Not sure what “Cisco and Apple will explore opportunities for interoperability” means… does that mean that we’ll see some sort of Cisco Apple collaboration or will the Apple iPhone have Cisco’s VoIP technology in the future?