Cisco Systems has agreed to extend the dealine for a second time with Apple to continue talks in regard to a lawsuit over the iPhone trademark which Apple intends to use and Cisco legally owns.

Cisco put out a brief statement late on Thusday stating that it has agreed to Apple’s latest request to extend the deadline until Wednesday, February 21st.

The announcement read that “Cisco is fully committed to using the extra time to reach a mutually beneficial resolution.”

This is the second extension Apple has received in order to respond to the lawsuitput on them by the network giant Cisco. Cisco filed the lawsuit last month in federal court in California just one day after Apple unveiled to the world its highly-anticipated iPhone.

The first extension agreement came in order to begin negotiations for a possible settlement.

The ideal situation which is likely to occur is for Cisco and Apple to settle out of court instead of wasting a load of money going to trial and such to battle over the trademark.

Cisco has legally owned the iPhone trademark since back in 2000 when it acquired Infogear, the company which formerly owned the trademark.

Cisco’s Linksys division currently uses iPhone for internet-based phone products.

Cisco and Apple were in talks up until the day before the announcement of the iPhone to the world via Apple at Macworld at which point Apple cut off all communication with Cisco.

Besides the agreement which is likely on sharing the trademark Cisco has expressed interest in a deal surrounding how the Apple iPhone will interoperate. With the extension continuing until Wednesday we will have to wait and see where Apple and Cisco take things from here.