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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:15 EDTSPEX, JNPRSpherix commences federal litigation against Juniper for patent infringement
Spherix (SPEX) commenced litigation against Juniper Networks (JNPR), in the U.S. District Court for the District of Delaware, alleging that the Sunnyvale, California based company infringes five patents owned by Spherix. The patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013. The technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco. Spherix contends that the scope of Juniper's infringement of the asserted patents has been and continues to be substantial. Juniper is one of the world's largest manufacturers and sellers of routing and switching products for high-performance networks. The complaint alleges that for Juniper's fiscal year ending December 31, 2013, Juniper had revenues of over $2.24B from routers, $638M from switches and more than $790M from services. Similar revenues were reported for Juniper's 2011 and 2012 fiscal years. The complaint goes on to allege that the majority of Juniper's revenue from at least January 1, 2011 until the present is and has been generated by products and services implementing technology that infringes the asserted patents.
News For SPEX;JNPR From The Last 14 Days
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July 2, 2015
09:54 EDTSPEXSpherix discloses resignation of CFO Richard Cohen effective immediately
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08:08 EDTSPEXSpherix issues litigation update in patent case against Verizon
Spherix announced a litigation update. In the matter of Spherix Incorporated v. Verizon Services Corp. et al., in the U.S. District Court for the Eastern District of Virginia, the Court issued a Markman Order interpreting certain key claims in favor of the Defendants on the one patent at issue in the case. In light of the Court's Markman decision on the one patent, the Court also granted the Defendants' Motion for Summary Judgment. The other 20 patents being asserted by Spherix in other cases were not affected by the ruling. The patent infringement claims being brought in the second suit filed against Verizon were not affected and that case against Verizon continues.
June 23, 2015
05:33 EDTJNPRJuniper, Ruckus Wireless announce new technology alliance
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June 22, 2015
06:06 EDTSPEXSpherix notified by USPTO of issuance of new patent
Spherix announced that the United States Patent & Trademark Office, or USPTO, has notified the company that it will issue a new patent to Spherix that is part of a standard essential family of patents. The new patent will issue on June 30 as U.S. Patent RE45,598 from U.S. Patent Application Serial No.13/728,698.
June 18, 2015
07:04 EDTJNPRJuniper upgraded to Outperform from Neutral at Wedbush
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