PRKR: jury verdict due anytime. Judge disallowed PRKR's strongest demand early on, which gives me the feeling that a positive outcome for QCOM is more likely than PRKR getting a huge windfall. The stock is up, but probably because some shorts are smart to cover with big short-term gains and limit the risk. I wouldn't touch this stock with a 10 foot pole, but I'd give a 75% chance of diving when the verdict is announced. Will be interested just for the love of investing to watch this one on the sidelines! (Strong Buy is for INSM, not parker)
Jury Finds Qualcomm Guilty of Infringement of ParkerVision Patents
PRKR up about 50%
ParkerVision Chief Executive Officer, Jeffrey Parker, commented, "We are extremely pleased with the jury's verdict in this case and we look forward to presenting our damages and willfulness arguments over the coming days."
PRKR won big alright! That's why I called it a gamble... The guy from seeking alpha gave PRKR a 5% chance of meaningfully winning the case. I thought for sure the shorts would paint a negative scenario even if PRKR won, and the stock would drop as a result, kind of like when INSM reported positive phase 3. But alas, the shorts got crispy fried!!! I like it...