Sprint May Hear From FCC Soon and 2 Telecom Stocks Seeing Action
AT&T (NYSE:T): The company was told to pay $27.5 million for it infringement upon a Colorado company’s patents to control the way audio or video is streamed online, Bloomberg reports. The company’s U-verse TV services infringed two patents that are owned by Two-Way Media LLC, the federal jury in San Antonio decided yesterday. The jury rejected Dallas-based AT&T’s efforts for the patents to be deemed invalid. The Two-Way patents cover live streaming technology and ways to record detailed usage data by customers, claim the company’s lawyers at Susman Godfrey. ‘‘This was a very hard-fought case,’’ stated Parker Folse, a lawyer representing Two-Way, in a statement.