Google Wins Verdict in Oracle Patent Suit
Even the whittled down version of the patent infringement lawsuit that Oracle Corp. (NASDAQ: ORCL) brought against Google Inc. (NASDAQ: GOOG) didn’t pass a San Francisco jury today. The federal jury’s verdict represents the second act of a three-act drama.…
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In the first phase of the trial, a federal judge narrowed the litigation over Oracle’s copyright claims and upheld a portion of Oracle’s claims. In the third phase the judge will assess damages against Google for its infringing use of some parts of Java code in Google’s Android operating system. Oracle has indicated that it intends to seek a seriously large payment for the infringement. Oracle has also said that it will appeal the jury’s verdict.
The verdict did not affect either company’s share price during today’s trading session. After hours both are down slightly.
Paul Ausick
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
