Apple Named A Respondent in ITC Investigation and 4 Hot Stocks Seeing Action
Apple Inc. (NASDAQ:AAPL): The United States International Trade Commission said, last night, that they have voted to institute an investigation of certain devices with secure communication capabilities. The investigation is based on a complaint filed by VirnetX (AMEX:VHC) and Science Applications International Corporation (NYSE:SAI), on September 14, 2012. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States and sale of certain devices with secure communication capabilities, components thereof, and products containing the same, that infringe a patent asserted by the complainants. The complainants request that the USITC issue an exclusion and a cease and desist order. The ITC said that they have identified Apple Inc., as the respondent in the investigation. Within forty five days after institution of the investigation, the ITC will set a target date for completion.
Facebook, Inc. (NASDAQ:FB): According to TechCrunch, Ari Steinberg will leave Facebook, Inc. Most recently, Steinberg opened Facebook’s first remote engineering office and built Facebook Messenger for Windows. He now plans to found a travel start up.
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AT&T, Inc. (NYSE:T): In an effort to make caring for patients that are outside of hospital and nursing home walls more accessible, and to improve quality of life for the elderly, AT&T, Inc. and Embedded Wireless are teaming up to wirelessly enable a new remote patient monitoring platform. The companies announced today that AT&T will be the exclusive 4G LTE mobile internet provider for the Zilant Wellness Remote Monitoring Platform and a mobile personal emergency response system.
Nokia Corporation (NYSE:NOK): According to study results from research firm Strategy Analytics, the number of smartphones being used around the world has surpassed 1 billion units for the first time in the third quarter. The study’s findings are consistent with a statement made last week by Eric Schmidt, Google’s (NASDAQ:GOOG) executive chairman.
Sprint Nextel (NYSE:S): According to Bloomberg, Sprint Nextel expects the United States Justice Department to complete a review of the company’s agreement to sell a majority stake to Softbank (SFTBF) within an initial 30-day period and will not warrant an extended investigation.
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