A
quote from Bloomberg Jul 15, 2013 6:01 PM ET BREAKING NEWS Wi-Lan Plunges on
Trial Loss to Ericsson, Alcatel-Lucent Wi-Lan
Inc., (WIN) a Canadian owner of patents for technology used in mobile phones,
plunged the most in seven years after it lost a U.S. patent-infringement trial
against Alcatel-Lucent and Ericsson AB. (ERIC).
Wi-Lan
fell $1.47, or 31 percent, to $3.25 for the biggest one-day drop since May 2006
and its lowest price since September 2010. In a statement, Ottawa-based Wi-Lan
said it was disappointed and reviewing its options with its lawyers.
This
is a quote from stockchase.com Bill Carrigan May 27, 2013 “Don’t Buy” This is a
company that makes a living through litigation. Fundamentally he does not care
for this kind of business. Technically, it is not showing up well. There are
better places to be.
On
July 11, 2013 Peter Imhof, Investment Strategist at Sprott Small Cap Equity rated
the stock as a “strong buy” and I quote from stockchase.com “Starting to come
to fruition. Largest contract Wi-Lan has
ever signed. Thinks they will settle out
of court. 95% do. Thinks they will win. 46% upside from here. Samsung deal is the largest they have ever
signed. Will move up when you see
quarterly earnings”
The
real problem was disclosure. Was this
guy talking his book?
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