Tech Business Recap: Motorola Beats Microsoft, Groupon’s Big Day
A German court has decided that Motorola Mobility (NASDAQ:GOOG) did not infringe on a Microsoft Corporation (NASDAQ:MSFT) patent linked to a technique for writing application code that can run on multiple handsets. However, it is not likely that the latter is exactly devastated by the latest ruling as it has already won three injunctions against Motorola in that country. Meanwhile, Microsoft is aiming at favorable licensing terms instead of waging “thermonuclear war” against Android.
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Facebook (NASDAQ:FB) shares might not be having their best of days, but the company has been granted a request by a panel of federal judges for dozens of investor IPO lawsuits to be unified at a New York federal court including the suit filed against it, Nasdaq OMX (NASDAQ:NDAQ), and underwriters. Some of the plaintiffs has hoped the venues would remain in California.
Shares of Groupon (NASDAQ:GRPN) had earlier fallen in sympathy with Zynga’s troubles, but late in the day are one of the tech standouts, even though there is no obvious news as catalyst. Observers note that this is not the first time some of the shorts have decided to cover at the end of the week.
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