Patriot Scientific wins HTC patent infringement lawsuit

|About: Patriot Scientific Corp. (PTSC)|By:, SA News Editor

Patriot Scientific (PTSC.OB) rocketed 62% into yesterday's close after the company won its patent infringement lawsuit against HTC.

A jury in the US District Court of the Northern California found HTC’s devices infringed on multiple claims of Patriots ‘336 patent covering microprocessor technology and awarded Patriot $959K in damages.

The market is speculating that the award is a sign of things to come, demonstrating Patriot's potential in licensing/litigation of the technology. And, Patriot's lead lawyer, James Otterson, stated that the trial's damages only covered HTC products through 2011, although Patriot believes HTC's latest devices infringe as well.