Why does it tank 20% ? I mean even if it is lower than projected, it is still about $500 million. Are you guys crazy to sell? This is a lot of free MONEY!
Aggregate Awards and Settlements From Intellectual Property Actions are Roughly $1.6 Billion.
The shorts will fight along with the HFT computers today, but they will eventually exit and the price will close way up.
I think the dip is a gift here
looking for rebound to mid 12's by close of day
Expectations were for far greater settlement. Now they have to rely on their operations to provide profit, and that appears to be somewhat elusive.
Don't ignore the fact that those operations will now include additional licensing payments.