NEW YORK, November 27, 2012 – Csrnewsdaily.com Is announcing Investment Highlights on Apple Inc, eBay Inc, Immersion Corporation, Superior Venture Corp.
A California judge has directed Apple Inc.(NASDAQ:AAPL) to turn over to Samsung, details of its mobile device licensing settlement with HTC. The documents however cannot be viewed by the public and will be reserved “for attorneys’ eyes only”.
Noting that financial terms of licensing agreements for related third parties have been revealed in patent infringement cases in the past, U.S. Magistrate Judge Paul Grewal ordered Apple to produce the agreement copy.
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Apple had sued HTC 2 years ago and that case served as the basis for its ongoing battle with Samsung. Apple’s case with HTC was settled on Nov. 10, and resulted in a global 10-year licensing agreement.
The Taiwan-based company has reportedly agreed to pay Apple $6 to $8 for every Android-based phone, which HTC CEO Peter Chou denied saying “I think that these estimates are baseless and very, very wrong. It is a outrageous number, but I’m not going to comment anything on a specific number. I believe we have a very, very happy settlement and a good ending.”
If the Apple HTC financial agreement contains a licensing accord, Apple’s argument that it will be harmed by U.S. sales of Samsung’s devices will fall flat.
In December, Judge Koh will consider Apple’s request for a permanent ban on sales of 8 Samsung smartphones and the Galaxy Tab 10.1 tablet in the U.S and also Samsung’s plea to overturn the existing verdict over juror misconduct.
ChannelAdvisor, which helps improve merchants’ sales on websites, said client sales on eBay Inc(NASDAQ:EBAY) had climbed 57 percent from last year, early on Cyber Monday. The sales growth rate was five times higher than during the same period last year.
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ChannelAdvisor also reported that client sales on Amazon.com jumped 52 percent during the first part of Cyber Monday.
Immersion Corporation(NASDAQ:IMMR) has entered into a settlement and license agreement with Google Inc. and Motorola Mobility LLC, resolving the patent infringement litigation related to Basic Haptics, that it had brought against Motorola. The leader in touch feedback technology development and licensing will dismiss all pending litigation against Motorola.
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Immersion CEO Victor Viegas said that “the successful resolution of this case is a critical step in our overall strategy of enforcing and monetizing our intellectual property, including Basic Haptics, and we’re pleased to achieve a settlement that is consistent with our business model, which is largely based on per unit running royalties.”
Shares of IMMR soared 36%.
Superior Venture Corp(OTC:SVEN) shares gained 135% to $0.234 on hefty volume of 64.22 million shares. There are no official news, but looks like the stock is popping up on some sort of promotion. Usually high volume is the easy way to gain attention for the penny stocks. The last news released by the company was on Nov. 09, 2012 stating that it has entered into an agreement to acquire the Palmer Gold Property located in Palmer Township near Batchawana Bay, approximately 70 kilometres north of Sault Ste. Marie, Ontario.
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