Technology stocks are little changed with shares of technology
companies in the S&P 500 down less than 0.1%.
In company news, Spherix (
) is up more than 116% at $21.50 a share after a North South
Holdings subsidiary - Guidance IP LLC - filed a complaint against
T-Mobile USA Inc. (
), alleging patent infringement of geolocation technology used on
SPEX in April moved to acquire 222 patents from North South
through a merger with North South's Nuta Technology subsidiary,
with plans to add several new lines of business by commercializing
intellectual property assets outside of its traditional drug
development activities. The patent portfolio is applicable in law
enforcement and military communications, portable electronics,
Wi-Fi and microwave and cellular transmission as well as automated
pharmacy ordering practices.
The case was filed in U.S. District Court for the Middle
District of Florida, the one-time corporate home of Harris Corp.,
the original owner of Patent No. 5,719,584, System and Method for
Determining the Geolocation of a Transmitter.
TMUS is down about 0.9% at $24.51 a share.
In other sector news,
(+) AAPL, (+1.0%) Obama Administration overturns International
Trade Commission ban on some older versions of its iPhone and iPad
(-) QCOM, (-1.3%) Piper Jaffray downgrade to Neutral from
Overweight, citing concerns about falling smartphone demand.
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