Scalper1 News
Apple (AAPL) could see an extra 5 cents per share in earnings in the March quarter from a patent sale last month, Well Fargo Securities said in a research report Tuesday. An entity called Rockstar Consortium on Feb. 3 completed the sale of more than 4,000 patents to RPX for $900 million. RPX is a San Francisco-based patent clearinghouse. Rockstar was formed in 2011 by Apple and five other companies to bid — successfully, as it turned out — against Google (GOOGL) for some 6,000 patents held by bankrupt Nortel Networks. The consortium kept 2,000 patents and put the other 4,000 in Rockstar. Many of the patents dealt with smartphone technologies. Buying the patents ended some lawsuits involving companies that made smartphones that ran on Google’s open-source Android operating system. The sale of the patents was announced in December, as reported by media outlets including the Wall Street Journal…. Scalper1 News
Scalper1 News