By Dow Jones Business News, October 24, 2013, 03:15:00 PM EDT
By John Kell
Shares of ParkerVision Inc. ( PRKR ) slid on Thursday after a Florida district court jury awarded the chip maker far
fewer damages than the company sought in a patent-infringement case against larger rival Qualcomm Inc. ( QCOM ).
The company said the jury awarded it $173 million in past damages for Qualcomm's "direct and indirect infringement of
ParkerVision patents." The jury also found that ParkerVision didn't provide its claims of willfulness, which would have
allowed the judge to boost the damages awarded by the jury.
ParkerVision's shares slid 15% to $6.01 in recent trading, trading far off the broader market's rally. Investors were
disappointed in the jury ruling, as ParkerVision had last month disclosed it was seeking nearly $500 million in damages.
ParkerVision claimed in a suit filed in July 2011 that Qualcomm infringed six of its patents in the development and
sale of certain products. The infringement claims relate to radio-frequency receiver technology used in wireless devices
"Overall, this is a significant win for ParkerVision, proving that our technologies have a meaningful place in the
wireless market," ParkerVision Chief Executive Jeffrey Parker said.
A Qualcomm representative wasn't immediately available to comment on the jury's latest decision.
The trial, which began earlier this month, was held in two phases. The first portion addresses the infringement
allegations, and the second phase determined the scope of damages awarded and whether Qualcomm is also guilty of willful
Write to John Kell at firstname.lastname@example.org
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