Sony Loses $18.5 Million Patent Infringement Suit

[admin]

Sony has been ordered to pay $18.5 million for infringing on a patent held by Agere Systems for a "wireless local area network apparatus," reports PSPFanboy.

http://blog.wired.com/games/2008/11/sony-ordered-to.html

[blutach]

Please find an emoticon for my heart bleeding for them.

Won't affect executive bonuses though. Even though in January of this year, SNE was over $55 per share and is now less than $20 (64% in less than a year - that's a whole lot more than even this market has fallen).

Hope all their folks who have "earned" oodles and oodles of stock options for suing little people are having a real good time.



Regards

[ed klein]

Yep, but its really just a small dent in the bucket for Sony.

As any financial advisor would tell you, don't sell it, sit on it. Historically the market has always come back.

In 18 months Sony stock will be back up to $55. per share.

And, I would bet Sony's legal department has at least a budget of 1 billion dollars to pay off the incoming legal suits.

This is big time corporation, just a dent in the bucket for Sony.

[blutach]

But it's good to see them suffer. Look at that PE ratio!!! I've sold private companies for PEs much higher than that!!! SNE is being traded almost as a "penny dreadful". Perhaps if they slashed their legal bill and devoted more to product development and marketing, their share price would be higher.

Regards