Microsoft, Motorola Mobility, Philip Morris, Qualcom Win 52-Week Stock Price Highs
Microsoft Corp. (NASDAQ:MSFT): Microsoft’s Windows Phone 7 – which is being implemented by Nokia (NYSE:NOK) – saw its market share drop in every region but the U.K. in 2011, according to The Inquirer, which cited research by Kantar Worldpanel. Meanwhile, the market share of Nokia’s Symbian oeprating system dropped last year, as expected, the publication added. The shares closed at $31.27, down $0.17 or 0.54% on the day. They have traded in a 52-week range of $23.65 to $31.61.
Motorola Mobility (NYSE:MMI): Microsoft (NASDAQ:MSFT) announced on its corporate blog that it has filed a formal competition law complaint with the European Commission against Motorola Mobility (NYSE:MMI), alleging that Motorola is attempting to block sales of Windows PCs, Xbox game consoles and other Microsoft products. The shares closed at $39.74, up $0 or 0% on the day. They have traded in a 52-week range of $20.77 to $39.74.
Philip Morris International (NYSE:PM): A Florida appellate court threw out an Engle verdict against Philip Morris USA (NYSE:PM) after finding that the trial court erroneously refused to hold that the statute of limitations barred a plaintiff’s claim. This is the first Engle verdict to be overturned by an appellate court. The decision came in an appeal of a 2009 verdict in the Barbanell case from Broward County where the court awarded damages in the amount of $5,339,198, but held the plaintiff 63.5% responsible so the total damages against PM USA was approximately $2M. In its decision, the Fourth District Court of Appeals cautioned trial courts that “the statute of limitations begins to run when the smoker knew or should have known she was injured from smoking cigarettes.” The court added, “separate statute of limitations periods should not exist for separate injuries.” The shares closed at $82.29, up $0.02 or 0.02% on the day. They have traded in a 52-week range of $60.45 to $82.68.
Qualcomm Inc. (NASDAQ:QCOM): Chinese telecom equipment company ZTE has signed a memorandum of understanding to buy $4B of equipment from Qualcomm (NASDAQ:QCOM) by 2015, and $1B of equipment from Broadcom (NASDAQ:BRCM) by 2014, according to China Daily, which cited The Beijing Times. Meanwhile, another Chinese telecom equipment company, Huawei, agreed to buy a combined $6B of equipment within three years from Qualcomn, Broadcom, Avago (NASDAQ:AVGO) and other firms,China Daily quoted The Beijing Times as saying. The shares closed at $62.55, down $0.23 or 0.37% on the day. They have traded in a 52-week range of $45.98 to $62.93.
The Medicines Company (NASDAQ:MDCO): The company sees cost of revenue for FY12 to be 33-34%. The shares closed at $22.28, up $1.44 or 6.91% on the day. They have traded in a 52-week range of $12.33 to $22.48.
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