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William Blair sees Mitek (MITK) being forced to settle an intellectual property lawsuit filed...

  • Tuesday, April 3, 2012, 7:05 AM ET
    William Blair sees Mitek (MITK) being forced to settle an intellectual property lawsuit filed against it by USAA due to the high costs of a long legal battle. Analysts with the firm see more downside volatility, but keep an Outperform rating on the company on the strength of its sound technology. Shares of MITK -2.5% premarket.
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This news story has 3 comments:

  •  
    It seems to me that the lawsuit throws the "sound technology" into question given that Mitek's patents seem to be getting challenged. Aren't those 3 latest patents key to how well they will perform? Could be more than a little downside to this one.
    4 Apr 2012, 04:27 AM Reply Like
  •  
    Nop does not, as MITK and USAA were on different APP Tech , not the same as it's used by MITK with all other institutions, i see MITK to move maybe not til mid May .

    GLTU
    5 Apr 2012, 07:42 PM Reply Like
  •  
    Wait until after its earning release. Mobile banking is a new application and it is still in early stage. Many unknowns but may be worth a bet.

    First buy at 1.95 and sold at 3.85 one day before its crash. May buy it back after earning release (most likely another disappointment).
    20 Jul 2012, 02:06 PM Reply Like
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