Yet Another InterDigital (IDCC) Setback ...
King of Prussia's InterDigital has been trying to get into Nokia's IP knickers since 1989. Give InterDigital credit for dogged pursuit ... but not much else. They are a company that never, ever, produced a profitable commercial product despite many attempts to do so, and for a dozen years they have been pushing wheelbarrows full of patents to the US Patent Office and patent offices elsewhere every month . They employ more patent lawyers than engineers. Together with Motorola they kicked off the IP wars within the mobile wireless community (which we would ALL be better without) back in '89.
>> Nokia, Huawei, ZTE Didn't Infringe 3G Patents, ITC Says
David McAfee
Law360 (Los Angeles)
June 28, 2013
An administrative law judge with the U.S. International Trade Commission issued an initial determination Friday saying Nokia Corp., Huawei Technologies Co. Ltd. and ZTE Corp. didn’t violate the Tariff Act of 1930 with respect to InterDigital’s patents protecting third-generation wireless devices. InterDigital filed its complaint with the ITC in 2011 accusing Nokia, Huawei and ZTE of importing 3G wireless products that infringed seven InterDigital Patents. The King of Prussia, Pa.-based wireless research and development company said the companies produced devices that use 3G wireless technologies that... <snip rest> ###
>> InterDigital Shares Sink on Judge Ruling in Patent Case Against Nokia, Huawei, ZTE
Nathalie Tadena
The Wall Street Journal
June 28, 2013
online.wsj.com
InterDigital Inc. (IDCC) said an administrative law judge overseeing patent-infringement claims against Nokia Corp. (NOK, NOK1V.HE), Huawei Technologies Co. and ZTE Corp. (ZTCOY, 000063.SZ, 0763.HK) found that one of the wireless-technology company's patents were infringed but that the patent was invalid and that another six patents weren't infringed.
InterDigital's shares sank 17% to $37.08 after hours Friday. Through the day's close, the stock had fallen 6.7% over the past three months.
The judge ruled that the one infringed patent was invalid in light of "prior art." He also found that four of InterDigital's patents weren't proven invalid but are not infringed. The remaining two asserted patents were found to be invalid, but also not infringed.
Chief Executive William Merritt said the company strongly disagrees with the judge's determination with regard to noninfringement and invalidity. The company said it will petition the International Trade Commission for review of the judge's initial determination. The commission has set Oct. 28 as the date for issuing a final determination.
In April, InterDigital reported it swung to a loss as revenue fell 32% and operating expenses rose. That same month, the company was awarded $30 million from an international arbitration tribunal related to a patent license agreement with Pegatron Corp. ###
- Eric - |
