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Stock Market & Financial Investment News

News Breaks
January 30, 2013
14:35 EDTWBSNWebsense falls, recovers, after earnings shortfall and guidance cut
The company missed its Q4 EPS consensus estimate by 3 cents, and cut Q1 and fiscal year 2013 earnings to well below expectations. The stock is down over 6.7% at time of writing, but that is well off the lows of the session at $14.41. At the current price of $15.04, support is at $14.78. Resistance is at $15.44.
News For WBSN From The Last 14 Days
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September 15, 2014
18:25 EDTWBSNFinjan Holdings provides update on Federal Circuit Ruling in patent case
Finjan Holdings (FNJN) provides an update on the case Finjan, Inc. v. Symantec Corp. (SYMC), Websense (WBSN), Inc., Sophos. This patent infringement suit dates back to a legacy litigation filed on July 12, 2010, in the U.S. District Court for the District of Delaware against Symantec Corp., Websense, Inc., Sophos Inc., et al. During this time, two of the five defendants settled; for the three remaining defendants, Websense, Inc., Sophos Inc., and Symantec Corp., the verdict resulted in a finding of invalidity of certain asserted claims of Finjan's patents, U.S. Patent Nos. 6,092,194 and 6,480,962, and non-infringement of same, against the three parties. Finjan's Appeal Brief was filed on December 10, 2013, and the Oral Argument was heard on September 9, 2014. The Court of Appeals for the Federal Circuit issued a decision, affirming the District Court's prior ruling with no opinion, citing Federal Circuit Rule 36. Rule 36 findings by the Court do not provide any additional insight or context into the Court's decision in the case. This CAFC ruling was the most recent outcome in the process to reverse the lower Court's finding of invalidity on claims in the two patents. The two patents in question are not at issue in any of six currently pending cases in the Northern District of California, including three separate actions involving the three remaining parties in the appeal, noted previously. "While we are disappointed with the Panel's finding, we continue to believe in the Court's ability to adjudicate complicated issues in patent cases," commented Julie Mar-Spinola, VP Legal Operations of Finjan. "The two patents in question represent a small number – two of twenty –currently involved in our licensing and enforcement program related to Finjan's pioneering cybersecurity related technologies." Finjan has also filed patent infringement lawsuits against FireEye, Inc., Blue Coat, Inc., Websense, Inc., Sophos Inc. and Symantec Corp. relating to, collectively, more than 20 patents in the Finjan portfolio. The company will continue to provide timely updates of important events relating to these matters on an on-going basis.

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