ParkerVision tumbles on ruling in Qualcomm lawsuit

Associated Press |

NEW YORK (AP) — Shares of ParkerVision tumbled Monday after a judge ruled against the company in a patent infringement lawsuit.

ParkerVision sells equipment for mobile communications networks. It filed a patent-infringement lawsuit against Qualcomm in July 2011. A jury awarded ParkerVision $173 million in October, but the company said Monday that a judge ruled in Qualcomm's favor.



Shares of ParkerVision Inc. lost $3, or 60 percent, to $2.01. Earlier the stock hit a two-year low of $1.21.

The company said Judge Roy Dalton of the U.S. District Court in the Middle District of Florida granted two Qualcomm Inc. motions, entering a judgment that the company did not infringe on patents belonging to ParkerVision.

The Jacksonville, Florida, company said it is disappointed with Dalton's ruling and will appeal.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TLQGF Tele Columbus AG & Co KG 7.70 0.00 0.00 0

Comments

Emerging Growth

Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd is engaged in the exploration of mineral resources. The Company owns a 100% interest in the Madison Gold and Copper Mine located in Southwestern Montana.

Private Markets

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…

Mesa-Marshall 2 Well Project

MESA Resources ("MESA") is sponsoring the development of the two well direct drilling project -- "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development of…