Tuesday, September 13, 2011

Apple Inc. (NASDAQ:AAPL) Says Motorola Weakened By Google Buy

Apple Inc. (NASDAQ:AAPL) has said that Google's acquisition means Motorola
has lost the patents it claims to have. Apple Inc. (NASDAQ:AAPL) Says Motorola
Weakened By Google Buy The Mac Maker has filed motions to stay its suits on
mobile patents against Motorola, saying that the company has lost rights due to
its pending acquisition by the search major. Apple Inc. (NASDAQ:AAPL) lawyers
wrote in the court filing that, "Motorola has ceded control of the most basic
rights regarding the patents-in-suit. Absent Googles consent, Motorola cannot:
(1) sue for infringement of its patents in any new action; (2) settle pending
litigation (including this case) that would require a license to any of its
patents; (3) license or sublicense its patents except in limited circumstances
relating to the sale of Motorola's products; (4) assign its rights in its
patents; and/or (5) grant a covenant not to sue for infringement of its
patents." Apple Inc. (NASDAQ:AAPL) shares were at 379.94 at the end of the
last days trading. Theres been a 15.8% change in the stock price over the past 3
months. Apple Inc. (NASDAQ:AAPL) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.21 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.22 Zacks
Rank: Error in the industry

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