Speedus (SPDE)

ITEM 3. LEGAL PROCEEDINGS

               On May 11, 2006, we filed two separate complaints against Cellco Partnership (d/b/a Verizon Wireless) in United States District Court in the Southern District of Florida, in which we assert that Verizon Wireless is infringing two patents. Verizon Wireless is a joint venture of Verizon Communications Inc. and Vodafone Group PLC. In May 2007, we reached a mutual agreement with Verizon Wireless leading to the dismissal of the two separate complaints that we filed against Verizon Wireless. No financial consideration was paid or received by either party.

               On June 2, 2006, we filed two separate complaints against Alltel Corp. in United States District Court in the Southern District of Florida, in which we assert that Alltel is infringing two patents. In an amended complaint, we asserted claims for infringement against Alltel Communications, Inc. and Alltel Wireless Holdings, Inc., in addition to Alltel Corp. In April  2007, the case was transferred to United States District Court for the Eastern District of Arkansas. In November 2007, one of the complaints was dismissed with prejudice. A claim interpretation hearing was held on February 22, 2008, however, no order has been entered interpreting the claim at issue. The Court has set the matter for trial during the two-week period commencing on July 18, 2008. A separate lawsuit was commenced in October 2006 against All Wireless, LLC, a Florida company, in United States District Court in the Middle District of Florida, alleging infringement. The All Wireless litigation has been stayed pending the completion of the claim construction process in the Alltel litigation.

ITEM 3.
LEGAL PROCEEDINGS

               On
May 11, 2006, we filed two separate complaints against Cellco Partnership (d/b/a
Verizon Wireless) in United States District Court in the Southern District of Florida,
in which we assert that Verizon Wireless is infringing two patents. Verizon Wireless is
a joint venture of Verizon Communications Inc. and Vodafone Group PLC. In May 2007, we
reached a mutual agreement with Verizon Wireless leading to the dismissal of the two
separate complaints that we filed against Verizon Wireless. No financial consideration
was paid or received by either party.

               On
June 2, 2006, we filed two separate complaints against Alltel Corp. in United States
District Court in the Southern District of Florida, in which we assert that Alltel is
infringing two patents. In an amended complaint, we asserted claims for infringement
against Alltel Communications, Inc. and Alltel Wireless Holdings, Inc., in addition to
Alltel Corp. In April  2007, the case was transferred to United States District
Court for the Eastern District of Arkansas. In November 2007, one of the complaints was
dismissed with prejudice. A claim interpretation hearing was held on February 22, 2008,
however, no order has been entered interpreting the claim at issue. The Court has set
the matter for trial during the two-week period commencing on July 18, 2008. A separate
lawsuit was commenced in October 2006 against All Wireless, LLC, a Florida company, in
United States District Court in the Middle District of Florida, alleging infringement.
The All Wireless litigation has been stayed pending the completion of the claim
construction process in the Alltel litigation.