"The companies said Apple will be allowed to use the name in exchange for exploring wide-ranging interoperability between the companies' products in the areas of security, consumer and business communications."
Officials from both companies didn't comment further on the announcement.
"No other details of the agreement were released, and representatives from both companies declined to comment beyond their short joint statement."
Cisco whole filled the lawsuit last month in San Francisco federal court when they threatened to demolish Apple's use of the name "iPhone" for their new multipurpose mobile gadget. The Apple iPhone is planned to go on sale in June with a retail price starting at $499.
"Cisco has been using the trademark since last spring on a line of Linksys phones that make free long-distance calls over the Internet using a technology called Voice over Internet Protocol, or VoIP."
So what this mean for the Apple iPhone? Well Apple can keep the name and Cisco can now gain from the introduction of Apple iPhone by integrating their linksys iPhones and technolgy with the Apple iPhone and take the market-share with apple.
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