Microsoft Presses EU to Alter Patent Court Rules and 2 More Heavily Traded Stocks to Follow
Microsoft Corp. (NASDAQ:MSFT): Current price $32.85
Microsoft, Google Inc. and a minimum of 12 other companies have pressed the European Union to modify its draft rules that will guide the manner in which the bloc’s first patent court operates. On Thursday, the firms sent a letter to EU institutions, saying in part that, “We appreciate that Europe has long worked towards a unified patent system, and we hope the proposed new system will be a significant step forward. We are concerned” that aspects of the draft rules “may undermine these benefits by creating significant opportunities for abuse.” Back in February, EU ministers cleared plans to establish the first patent court, okaying a common patent system following a decades-long deadlock on the plans.