Skype loses $2.3m in patent settlement

Skype has settled a court case for $2.3m with Mangosoft Inc for alleged patent infringement of their dynamic directory service.

The case was filed two years ago and closed last Thursday, Mangosoft will license its software to Skype for $2.3 million and drop all claims.

Mangosoft were one of the early Internet companies but today have shrunk to a one man operation. $2.3m is a nice payday for the New Hampshire company, and a drop in the ocean for Skype, but it won’t make much of a dent in the $90m that share holders invested in Mangosoft.