Salesforce Analyzes Patent Complaints and 4 Stocks At 52-Week Highs
Salesforce.Com (NYSE:CRM): Closing price $185.94
Late Friday, the firm disclosed in its annual filing, “We have received in the past and may receive in the future communications from third parties, including practicing entities and non-practicing entities, claiming that we have infringed their intellectual property rights. For example, we have received a notice from a large non-practicing entity alleging that we infringe upon certain of its patents. We continue to analyze the potential merits of such claim, if any, the potential defenses and counterclaims to such claim and we have been engaged in discussions with this entity with respect to these matters. No litigation has been filed to date.” Shares closed up 0.05 percent on the day at $185.94, and have been traded in a 52-week range of $120.18 to $187.47.