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July 8, 2008
Disappointed
InterDigital
is trying to hammer Samsung into licensing submission for five of its cell phone
patents though the ITC. An ITC staff recommendation, just issued, recommended
against granting injunctive relief. On that news, InterDigital shares shed 22.6%
of their value, dropping $5.72 to $19.54. Investors are a squeamish bunch.
An ITC staff report is non-binding, just fodder for an administrative law judge, which is still a preliminary for a commission finding. The administrative law judge's hearing in the case is expected to end by July 15, 2008, with the judge's determination no later than November 25, 2008. The target date for the Commission to render its verdict is March 25, 2009.
Posted by Patent Hawk at July 8, 2008 4:38 PM | ITC