3 Tech Titans Making Noise: Apple Gets its Appeal, Microsoft Gets a Lift from Evercore, and Bill Gates Pokes Google
Apple Inc. (NASDAQ:AAPL): An appeals court has brought back an ITC lawsuit against Motorola Mobility (NASDAQ:GOOG), a case where Apple argues that two of its multi-touch patents are being infringed on by Motorola. A three-judge panel of the U.S. Court of Appeals for the Federal Circuit ruled that the International Trade Commission made a mistake back in March of 2012 when it dismissed Apple’s claims that certain Motorola phones infringed two Apple patents.
Microsoft Corporation (NASDAQ:MSFT): Microsoft has gotten a boost from Evercore, which has brought the company’s rating from Equal Weight to Overweight with a price target of $38. Evercore analyst Kirk Materne believes that the risk/reward is attractive at current levels and that sentiment is too negative. If Microsoft’s enterprise business continues to gain traction, its consumer business would only need to stabilize in 2014, he said.
Google Inc (NASDAQ:GOOG): Microsoft chairman Bill Gates took an opportunity to throw a jab at Google’s Project Loon, which aims to bring giant internet-giving balloons to less-developed countries. While it sounds like a noble idea, Gates isn’t as sure. ”When you’re dying of malaria, I suppose you’ll look up and see that balloon, and I’m not sure how it’ll help you.”