Lazarus Hopeful Sonos IP Litigation Pays Off
Sonos Chief Legal Officer Eddie Lazarus said “quite a few players” in wireless multiroom audio are “infringing on our patented inventions,” on a quarterly call. The company is hopeful discussions will “bear fruit” financially, said Lazarus, who was FCC chief…
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of staff under then-Chairman Julius Genachowski. The company views licensing talks as a long-term proposition. CEO Patrick Spence cited a successful outcome in litigation against Denon and current patent infringement complaints against Bluesound parent Lenbrook and Google (see 200206007). Separately, Sonos irked customers recently by saying it would no longer support older gear. Spence said the company didn’t get its communication right when it made the legacy product announcement. He underscored efforts to move long-time customers “into the latest and great products” via its trade-up program offering a 30 percent discount on new products. Shares closed 12 percent higher Thursday at $15.76 after fiscal Q1 sales rose 13 percent year-on-year to $562.1 million.