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Stock Market & Financial Investment News

News Breaks
August 18, 2014
12:01 EDTTASRTASER rally continues with Ferguson still in focus
Shares of TASER (TASR) are continuing their recent advance today, amid speculation that the events in Ferguson, Missouri could increase demand for the company's cameras. But research firm CRT Capital warned that TASER's stock is likely to retreat to its previous levels. WHAT'S NEW: After an unarmed teenager was killed in the town of Ferguson, Missouri last week, activists called on police to begin wearing cameras, Bloomberg reported Friday night. TASER sells cameras that can be worn by police officers. Meanwhile, The Wall Street Journal reported this morning that more police departments have begun to deploy such cameras, as studies have shown that they could reduce the use of force by police officers and cut the number of complaints made by citizens. ANALYST REACTION: But research firm CRT Capital wrote that the events in Ferguson are unlikely to boost TASER's financial results. Although TASER is the only company that markets video systems for police departments, it has historically hyped similar opportunities and then under delivered, according to the firm. After the focus on Ferguson recedes, the stock is likely to return to the levels at which it was trading last week, the firm stated. It kept a $12 price target and Fair Value rating on the shares. PRICE ACTION: In late morning trading, TASER jumped 9% to $15. On August 12, the stock closed at $12.02.
News For TASR From The Last 14 Days
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September 2, 2015
16:51 EDTTASROn The Fly: Top stock stories for Wednesday
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15:17 EDTTASRDigital Ally believes TASER press release on '292 patent may be misleading
Digital Ally (DGLY) issued a press release it said was meant to clarify the recent decision of an Examiner of the United States Patent & Trademark Office respecting Digital Ally's U.S. Patent No. 8,781,292. Digital Ally noted that Taser International issued a press release announcing that the USPTO rejected the claims of Digital Ally's '292 Patent. Digital Ally believes that Taser's press release may be misleading in stating that the "claims were found unpatentable by the USPTO." "The USPTO only recently made an initial, non-final action related to the '292 Patent and therefore, has not made a final determination of unpatentability. In fact, Digital Ally has the opportunity to discuss the merits of the prior art and the scope of the patent claims with the Examiner who issued this initial, non-final action and to freely amend the patent claims. Digital Ally will be filing a response in the near future. Therefore, to say the patent has been found invalid is incorrect. Digital Ally is confident that material aspects of the technology disclosed in the '292 Patent will ultimately be found patentable," the company stated.
07:36 EDTTASRTASER says USPTO rejects 20 claims of Digital Ally patent
TASER (TASR) announced that it has received notice from the United States Patent and Trademark Office that the USPTO has rejected all 20 claims of U.S. Patent 8,781,292 which has been assigned to Digital Ally (DGLY). This USPTO office action is in response to an ex parte reexamination request filed by TASER. Digital Ally has until October 17, 2015 to file a response with the USPTO. The Digital Ally patent claims were found unpatentable by the USPTO due to prior art found by TASER, the company said.
August 27, 2015
14:08 EDTTASRTASER rising as NY1 News previews special report on NYPD camera plans
NY1 has previewed its special report, planned to be aired tonight, regarding New York's plans to expand its police department body camera test to become "one of the largest body camera programs in the country." It was previously reported earlier this month that the NYPD is contracting to spend up to $4.5M on weapons from TASER. Shares of the maker of non-lethal weapons and police camera systems are up 6% to $23.70 in afternoon trading. Reference Link
August 21, 2015
16:32 EDTTASRTASER wins case over Michigan boy's death, Reuters says
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