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Stock Market & Financial Investment News

News Breaks
April 25, 2013
10:14 EDTJCOM, OTEXJ2 Global enters settlement and patent license deal with Open Text
j2 Global (JCOM) disclosed in a regulatory filing that it has entered into a settlement and patent license agreement with Open Text Corporation (OTEX) to resolve patent litigation asserted by the company and its affiliates against Open Text its affiliates. Open Text will pay j2 Global $27M in exchange for a fully paid up license to the Licensed j2 Patents for fax software and services sales to enterprise and corporate customers. Open Text has also agreed pay j2 Global a running royalty for a license to the Licensed j2 Patents for sales of fax software and services to individual and small office/home office customers, provided that such royalty exceeds a stipulated minimum amount. j2 Global said I will recognize a portion of the $27M as revenues and income during Q2 and the balance on a quarterly basis over the lives the Licensed j2 Patents. The company and Open Text have agreed to cause all outstanding litigation between them and their affiliates to be dismissed with prejudice and have granted each other full mutual releases, j2 said.
News For JCOM;OTEX From The Last 14 Days
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February 27, 2015
06:10 EDTJCOMj2 Global extends tender offer for Carbonite
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February 24, 2015
10:06 EDTOTEXHigh option volume stocks
High option volume stocks: CHGG LBTYK SMH RCAP NGLS OTEX TERP CNC ALKS AMT
February 23, 2015
16:03 EDTOTEXOpenText says CEO diagnosed with Leukemia
OpenText announced that Mark Barrenechea, its President and CEO, has been diagnosed with Leukemia, the treatment of which will require him to reduce his involvement in the day-to-day operations of the company for approximately the next 100 days. During this time, a CEO Operating Committee has been established to assist in the management of the company's day-to-day operations. In addition to Barrenechea, the CEO Operating Committee will consist of John Doolittle, CFO, and Gordon Davies, Chief Legal Officer. Barrenechea remains CEO and a Director during this time, and will continue to be involved in the company's strategic matters.
February 19, 2015
07:08 EDTJCOMj2 Global acquires assets of Email Direct, terms not disclosed
j2 Global announced that its Campaigner Email Marketing brand has acquired the assets of EmailDirect, a California-based provider of email marketing services. Terms of the acquisition were not disclosed and the financial impact to j2 is not expected to be material.
February 18, 2015
09:12 EDTOTEXOpen Text wins patent infringement trial against Box, Inc. and Carahsoft
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