Cisco has issued a press release indicating they have offered Apple additional time to respond to the lawsuit filed last month allowing the two companies to continue negotiations over licensing the iPhone trademark to Apple.

The news release from Cisco could indicate the two parties are close to ending their dispute. The release simply states, "Apple and Cisco have agreed to extend the time for Apple to respond to the lawsuit to allow for discussions between the companies with the aim of reaching agreement on trademark rights and interoperability."

Thanks MacNN!