Later on Wednesday Apple and networking giant Cisco are expected to announce an agreement on the Californian computer company’s licensing of the “iPhone” trademark.

Apple wowed the mobile world on Tuesday with the unveiling of the gadgety goodness that is the iPhone, Apple’s much hyped music player/web browser/phone combo.

But Cisco had rained on Apple’s parade just three weeks earlier, when subsidiary company Linksys launched a bunch of wifi phone devices under the “iPhone” brand.

Late Monday Cisco said that it had been in discussions with Apple for several years now over granting permission for the use of Cisco’s “iPhone” trademark.

The networking company said it expected to receive a signed agreement to the licensing document and public statement on Tuesday night. A further announcement is expected imminently.