Oct. 4, 2013, 8:46 AM
- 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.
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Patriot Scientific is a leading intellectual-property licensing company that develops, markets, and enables innovative technologies that satisfy the demands of fast-growing markets for wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology,... More
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