Sonos won a patent infringement case against Alphabet late on Thursday, and its stock was rising 1.2% around midday on Friday, after earlier being up 5.6%. The victory could crimp a major competitor lead to another revenue source through licensing agreements, an area the company is hoping to tap. The U.S. International Trade Commission agreed with a judge who had previously ruled in favor of Sonos on a preliminary basis that Alphabet’s Google had used Sonos’ audio invention in its own products. Read More...
Sonos won a patent infringement case against Alphabet late on Thursday, and its stock was rising 1.2% around midday on Friday, after earlier being up 5.6%. The victory could crimp a major competitor lead to another revenue source through licensing agreements, an area the company is hoping to tap. The U.S. International Trade Commission agreed with a judge who had previously ruled in favor of Sonos on a preliminary basis that Alphabet’s Google had used Sonos’ audio invention in its own products.
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