Apple and Cisco have issued a terse joint statement, on the ongoing iPhone dispute between the two firms.

The companies declared themselves to have agreed to delay procedures slightly in order to create the opportunity for a consensus deal outside of court.

"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."

It is known that Apple was negotiating to secure rights to the iPhone name until the day before the product was introduced at Macworld Expo.

On the product's announcement Cisco took action against Apple citing trademark misuse. Apple has characterised Cisco's action as "silly" and said it is "confident" it will prevail in the case.