ParkerVision Prevails in Suit Against Qualcomm, Shares Halted
October 17, 2013 by Paul AusickA ruling in the case earlier this week limited the amount of damages Qualcomm is likely to pay to less than $100 million. Even if treble damages are awarded by the judge, the total award may be no more than about $225 million. ParkerVision had sought something more on the order of $500 million.
ParkerVision’s market cap today before the jury’s verdict was announced came in around $290 million based on a share price of $3.16. Shares spiked above $4 when the lawsuit was filed in February and peaked just short of $5 in early July. The 52-week low is $1.48.
Shares of ParkerVision were halted after the stock jumped 73% to around $5.90 a share.
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