Larry Ellison Loses to Larry Page in Patent Dispute
Google (NASDAQ:GOOG) wins one in its patent tussle with Oracle (NASDAQ:ORCL) thanks to the USPTO, which has thrown out a patent claim by Oracle plus 16 other companies. Oracle has six months to file an appeal in its quest for $2 billion in damages, arguing over the Java programming language employed by Google’s Android. Oracle can also request reconsideration or appeal until February 20, 2012.
The USPTO dismissed 17 out of 21 claims of the ‘476 patent—among them, all seven of the patent’s independent claims.
Oracle still has until February 20, 2012 to seek reconsideration or appeal of the final rejection.
Here’s how Oracle and Google shares are reacting to the news:
Oracle Corp. (NASDAQ:ORCL): ORCL shares recently traded at $25.85, down $0.21, or 0.81%. They have traded in a 52-week range of $21.24 to $36.50. Volume today was 8,123,878 shares versus a 3-month average volume of 26,234,500 shares. The company’s trailing P/E is 14.22, while trailing earnings are $1.82 per share. Get the most recent company news and stock data here >>
Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $640.16, up $7.02, or 1.11%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 746,763 shares versus a 3-month average volume of 3,109,540 shares. The company’s trailing P/E is 21.82, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>
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