Tech Business Review: Apple COUNTER-SUED, Oracle Is COMMITTED
Here are Wednesday’s top stories:
Challenged smartphone vendor HTC again counter-sues Apple (NASDAQ:AAPL) using purchased IP, and has filed suit over two patents it acquired from Hewlett-Packard: one covers providing network services by way of an embedded server, and another patent covers centrally managing a network. At the same time, an International Trade Commission ban requested by Microsoft (NASDAQ:MSFT) on 18 Motorola Mobility (NASDAQ:GOOG) Android devices goes into effect Wednesday. Motorola responds it has a secret scheme for keeping the hardware available.
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Shares of Rovi Corporation (NASDAQ:ROVI) collapse following its huge second quarter 2012 warning, which was mostly concerning delayed patent licenses. Shares are now touching levels that were last visited in 2008, and have been downgraded to Neutral by Cowen and Barrington. Brean Murray restates its Buy, thinking that shares are oversold, but slashed cut its price target almost in half, remarking that Rovi “has been a slow moving train wreck” ever since its purchase of Sonic Solutions, which closed in early 2011.
Oracle’s (NASDAQ:ORCL) stays committed to its storage division, which was obtained through the Sun Microsystems purchase, but the unit is mostly seen as a move that lost shares. However the most recent evidence that the database major is ticking with the division, comes by means of the StorageTek SL150, marking the first brand-new tape library system the firm has released since the acquisition. The SL150, which is aimed at server message blocks, could cause troubles for Quantum, which recently warned as well.
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