Microsoft has complained to the European Commission — the European Union’s competition authority — that Motorola Mobility Holdings has been trying to block sales of various Microsoft products that run its software.
Don’t Miss: Google Antenna Farm to Create Super-Fast Internet.
Microsoft said in a blog post that Motorola is “demanding that Microsoft take its products off the market” and is violating a pledge to license industry-standard patents on fair terms. “Earlier today, Microsoft filed a formal competition law complaint with the European Commission against Motorola Mobility,” reads the blog. “We have taken this step because Motorola is attempting to block sales of Windows PCs, our Xbox game console and other products.”
Microsoft’s complaint is similar to an early complaint Apple filed in the EU against Motorola’s licensing terms. These disputes are all related to whether patents based on common industry standards are licensed to third parties on fair terms.
Google , which is buying Motorola Mobility for $12.5 billion, has undertaken to fairly license Motorola’s patents.
Here’s how these stocks are reacting to the news:
Microsoft Corporation : MSFT shares recently traded at $31.46, up $0.02, or 0.06%. They have traded in a 52-week range of $23.65 to $31.61. Volume today was 14,254,817 shares versus a 3-month average volume of 55,424,200 shares. The company’s trailing P/E is 11.42, while trailing earnings are $2.76 per share.
Motorola, Inc. : MMI shares recently traded at $39.74,. They have traded in a 52-week range of $20.77 to $39.74. Volume today was 2,815,642 shares versus a 3-month average volume of 4,594,270 shares. The company’s trailing earnings are $-0.84 per share.
Apple Inc. : AAPL shares recently traded at $511.24, down $3.61, or 0.7%. They have traded in a 52-week range of $310.50 to $526.29. Volume today was 5,350,673 shares versus a 3-month average volume of 13,575,800 shares. The company’s trailing P/E is 14.55, while trailing earnings are $35.14 per share.
Google Inc. : GOOG shares recently traded at $609.55, down $4.45, or 0.72%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 523,737 shares versus a 3-month average volume of 2,895,900 shares. The company’s trailing P/E is 20.57, while trailing earnings are $29.76 per share.
Investor Insights:
Facebook’s Failure: Why F-Commerce Doesn’t Work.
Netflix’s Much-Needed New Deal.
Here’s How to Invest in the Explosion of Spy Games.
To contact the reporter on this story: Alex Capel at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
There are no comments yet