24558
Microsoft Cleared of Patent Breach
World Economy

Microsoft Cleared of Patent Breach

Microsoft Corp avoided a potentially costly setback to its financially troubled mobile phone business on Friday as the US International Trade Commission declined to block the import of its devices in a longstanding patent dispute, Reuters reported. The decision rejected a ruling in April by a US trade judge who found that Microsoft had infringed two InterDigital Inc wireless patents, and recommended an import ban. The commission’s action is good news for Microsoft, which has been struggling to compete with popular Apple Inc and Samsung Electronics Co Ltd devices. The Redmond, Washington-based company has captured just 3% of the smartphone market in both the United States and globally, according to recent estimates. Microsoft last month posted a record quarterly loss as it took a $7.5 billion charge on its handset business, which it bought from Nokia last year. Wilmington, Delaware-based InterDigital first accused Nokia of infringing its patents in 2007. InterDigital stock was down 3% in after-hours trading on Friday.

 

Short URL : https://goo.gl/5AY4v4
  1. https://goo.gl/XFGWMS
  • https://goo.gl/yR2stf
  • https://goo.gl/EUa82D
  • https://goo.gl/HYRS9a
  • https://goo.gl/TFnQqJ

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
International Labor Organization has called for stronger...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...

Trending

Googleplus