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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:16 EDTCSCO, SPEXSpherix commences federal litigation against Cisco for patent infringement
Spherix (SPEX) announced that it has commenced patent litigation in the U.S. District Court for the District of Delaware against Cisco (CSCO) alleging that the San Jose, CA based company infringes 11 patents owned by Spherix. These patents, developed by inventors at Nortel Networks and acquired by Spherix in December 2013, relate to Cisco's products including routers and switches. Spherix contends that the scope of Cisco's infringement of the asserted patents has been and continues to be immense. Cisco is believed to have revenues of over $6B from switching and over $3B from routers in the U.S. for its fiscal year ended July 27, 2013 and total revenues of over $30B from switching and $13B from routers in the U.S. for the five fiscal years ended July 27, 2013. The company believes that the vast majority of Cisco's switching and routing revenue from March 2008 through the present has been generated by products and services implementing technology that the company believes infringes on the 11 patents.
News For SPEX;CSCO From The Last 14 Days
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November 26, 2014
07:23 EDTCSCOCisco management to meet with UBS
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November 25, 2014
16:18 EDTCSCOInfoblox names Jesper Andersen as CEO
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07:00 EDTCSCOCisco management to meet with UBS
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November 24, 2014
08:31 EDTCSCORambus licenseces security technologies to Cisco
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07:43 EDTCSCOCisco margins can remain around current level, says RBC Capital
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November 20, 2014
13:28 EDTCSCOCisco CEO says not interested in large deals, breaking up company
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06:07 EDTCSCO, SPEXSpherix comments on pending settlement between Cisco, Rockstar Consortium
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November 19, 2014
07:40 EDTCSCOUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link

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