Nokia Critical Stock News Alert On Nokia Corporat

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Posted On: 08/15/2012 6:14:09 PM

Posted By: equijohn

Nokia

Critical Stock News Alert On Nokia Corporation & Apple Inc
Aug 15, 2012 (ACCESSWIRE-TNW via COMTEX) -- NEW YORK, August 15, 2012 - PhD Trading.com,one of the leaders in small cap and penny markets are announcing valuable information on Nokia Corporation (ADR)(NYSE: NOK ) and Apple Inc.(NASDAQ: AAPL ).

Nokia Corporation (ADR)(NYSE:NOK) is selling patents worth $22 million to Vringo Inc., a firm that specialises in suing companies for patent infringements. The patents being sold pertain to wireless network technologies.

More than 500 patents are being sold and under the agreement Nokia would also get to share in the revenues generated when Vringo asserts the patent portfolio.

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Selling patents to a firm that doesn't make any technology-related products is being seen as a masterstroke by industry watchers. If Nokia sues any other company for patent violations they can sue it back for infringements on their own patents. But a company like Vringo can't be sued back since it doesn't make any products Vringo also sells video ringtones for phones. The company had to issue 9.6 million of shares to raise the money to buy the patents from Nokia.

Shares in the company were trading up 3.21% $3.57 in the opening session.

On the subject of patents, here's some more on the Apple Inc.(NASDAQ:AAPL) vs. Samsung saga being played out in a court in San Jose. A witness for Samsung said that Apple had knowledge about Samsung's work on a tablet about a decade before it came out with its iPad in 2010.

Head of the digital publishing program at the University of Missouri, Roger Fidler, said in a written declaration that he had started working on a tablet design in 1981 and "Apple personnel were exposed to my tablet ideas and prototypes."

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Fidler said that his earliest prototype of the tablet was lightweight, portable, had a flat screen with the ability to respond to touch.

Samsung's whole defence is to discredit Apple's claims of originality in conceiving the designs of its mobile devices.

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