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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AT&T Inc | NYSE:T | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.16 | 0.97% | 16.74 | 16.88 | 16.39 | 16.49 | 37,808,234 | 00:51:38 |
By Chelsey Dulaney
Acacia Research Corp. (ACTG) shares plummeted in morning trading Wednesday after a California court ruled against the company in patent-infringement cases involving Apple Inc. (AAPL), Verizon Communications Inc. (VZ), AT&T Inc. (T) and HTC Corp. (2498.TW).
Shares were recently down 18.6% to $13.
Acacia said a California district court found no infringement in the cases on Tuesday. Big tech firms like Apple often face patent-infringement suits involving their products.
Newport Beach, Calif.-based Acacia is a patent-licensing firm that brought in about $130.6 million in revenue in 2013 through 200 patent portfolios. Last week, Acacia settled a patent case with GPS-maker TomTom Inc. (TOM2.AE).
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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