A federal jury in Delaware has decided Apple’s iPhone infringes on three patents held by a company that’s partially owned by Denver’s MPEG LA. MPEG LA joined with Sony and Nokia in January 2010 to create MobileMedia Ideas. The Next Web Inc. reports MobileMedia Ideas is a shell company that exists to enforce Nokia’s and Sony’s patents. Larry Horn is CEO of both MobileMedia Ideas and MPEG-LA
Don't worry, people don't realize what just happened, was just bad headlines made to scare people. It will close higher when people read and understand the only headline today with anything concrete is the one people most likely missed.
Nokia was previously getting royalties from apple. Today there was a patent ruling that increases those even more. It will also affect the rulings in regards to Nokia vs RIMM.
This is all about to blow up and Nokia is about to hit new 52 week highs. The little guy will realize it when it is above 5.00 too late by then.