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March 6, 2008
Cock-up
Tessera
stock shot up 16% after it sank in to the motley fools commonly called
"investors" that the non-final rejection in Tessera's patent exam was not
equivalent to falling off a cliff. As Scot Griffin, general counsel for Tessera,
reminded: "Claims of a patent can not be invalidated in reexamination until the
process is fully complete, including all appeals."
The company's repeated blaring of Chicken Little antidote had a steroid-like effect on the stock, as if it were news, but it's not. CEO Bruce McWilliams had tooted the same horn two days before.
Posted by Patent Hawk at March 6, 2008 2:19 PM | Patents In Business