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Thursday, July 18, 2019 11:21:05 PM
$Prkr legal lawsuits is why the stock got delisted. NOW AFTER MANY YEARS SUMMARY OF JUDGEMENT DENIED. THIS IS THE BIGGEST NEWS ONLY FOR THOSE WHO FOUND IT.
SEE DD BELOW:
DAMAGES in 100s of millions or more THIS LAWSUIT WILL Reverse PPS in epic proportions
"ParkerVision Inc., a wireless technologies developer, is being delisted from the Nasdaq Capital Market for failing to sustain a minimum value of $35 million. The company traded at an all-time high of $511.88 in 2000 before the dot-com bubble burst; shares were trading at 31 cents Thursday.
"CEO Jeff Parker blamed lengthy legal battles for the delisting.
“While we remain enthusiastic about a number of near-term milestones that can positively and significantly impact the outlook for ParkerVision, the on-going expense and lengthy timeframes to enforce and defend our broadly infringed patents has created some challenges, including limitations on our ability to maintain compliance with Nasdaq’s continued listing requirements," Parker said in a statement. "We remain committed to enforce our patent rights as we believe the number of infringing units covered by our current enforcement actions are in the billions of units.”
It is currently suing Qualcomm (NASDAQ:QCOM), HTC Corporation, Apple (NASDAQ:AAPL) and LG Electronics for patent infringement. Qualcomm and Intel (NASDAQ:INTC) have filed suits against ParkerVision.
Most recent news update$:
JACKSONVILLE, FL / ACCESSWIRE / July 17, 2019 / ParkerVision, Inc. (PRKR) announced today that the District Court in the Middle District of Florida issued an order denying Apple’s motion for summary judgment in ParkerVision’s pending patent litigation against Qualcomm and Apple in Jacksonville, Florida. Apple’s motion sought to limit the liability for damages solely to Qualcomm. In addition, the court issued its claim construction (Markman) order, in which the Court adopted ParkerVision's proposed construction for two terms and the "plain and ordinary meaning" on the remaining terms. These decisions pave the way for a jury trial in this case, and a proposed trial schedule is required to be submitted by the parties by July 30, 2019.
https://www.bizjournals.com/jacksonville/news/2018/08/16/jacksonville-techcompany-delisted-from-nasdaq.html
https://finance.yahoo.com/news/jacksonville-district-court-denies-apples-124500789.html
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