Friday, March 28, 2008

Stay in Tessera case overturned by ITC; stock soars

Reuters reports: Tessera Technologies Inc on March 27 said the U.S. International Trade Commission has overturned an administrative judge's decision to stay a patent infringement case against Motorola Inc, Qualcomm Inc , Freescale Semiconductor Inc and others.

The AP reported: Shares of Tessera Technologies Inc. skyrocketed on the morning of March 28 after the company said the International Trade Commission overruled a judge's order to stay a wireless patent case against Motorola and others.


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