Yahoo News is reporting that Cisco and Apple have settled a dispute over rights to use the iPhone name. Under terms of the agreement, both companies have the right to use the name.

In addition, Cisco and Apple have agreed to “explore opportunities for interoperability” in security and communications technologies for consumers and business users, they said in a brief statement. Other terms of the agreement, which heads off a lawsuit filed by Cisco over rights to the iPhone trademark, were not disclosed.

This must be a big disappointment to all the Apple bashers out there.