News Focus
News Focus
icon url

Patrick111

10/27/06 2:23 PM

#34 RE: razal #33

I never expect to gain so much money at once so I rather be very realistic and conservative. Besides the ITC decision is one thing and the court litigation another. The outcome of the ITC is a completely different ruling to what later may trasnpire in the courts. What I believe is that if the ITC rules in favor of SOLM which is almost certain, then it makes it almost certain that the legal case will also be in favor and then who knows how far it will go. I have seen some people claim it can jump to $20 and more. It never works the way those so called "gurus" say. But I am hoping for 9 dollars in the coming weeks if everything works out. I do not understand why is so low today but by the end pf Mondaynext week should be at $2.65 and the end of next week I still believe should be at least $5. if the ITC rules in favor then who knows how far this thing goes in the coming weeks. It is worth taking a chance. After all if IMMR gained so much from the vibrating technology against Sony and it is above $7 after many months even though once Playstation 3 comes out I do not see any chance that Sony will care for such technology. In this case Toyota has a lot riding on the ITC ruling and even $9 should be the least it should go up. Regardless if it goes to 5 still will make a nice profit.
icon url

Patrick111

10/27/06 3:02 PM

#35 RE: razal #33

The fact is:

Solomon Announces ITC/Toyota Hearing Dates
TARPON SPRINGS, FL. April 28, 2006 — Solomon Technologies, Inc. (OTCBB:SOLM) announced today that the US International Trade Commission (ITC) has scheduled the hearing on the patent infringement complaint brought by Solomon against Toyota Motor Corporation (NYSE:TM) , and certain of its affiliates, for October 30 through November 3, 2006. The ITC acts as an administrative investigative body to determine, among other things, whether or not goods imported into the United States infringe U.S. patents. The scheduled hearing at the ITC is roughly equivalent to the fact finding function of a trial in a judicial court.

Solomon President Peter W. DeVecchis, Jr., said, “The schedule recently promulgated by the ITC in this case is a major help in bringing an important aspect of our allegations quickly into focus. The expedited hearing and adjudication process at the ITC will allow us to bring the facts in this matter to the forefront without the extended process normally associated with patent infringement litigation in the Federal District Court system.”

He continued, “Our action against Toyota in the Federal District Court in Tampa has been stayed pending resolution of the ITC case. We plan to pursue the Federal District Court action aggressively once the ITC case has been resolved.”

As previously announced, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has been representing Solomon in its pending claims against Toyota. Solomon brought suit against Toyota Motor Corporation, Toyota Motor Sales U.S.A. Inc. and Toyota Motor Manufacturing North America in the United States District Court for the Middle District of Florida, Tampa Division, on September 12, 2005, claiming infringement of a number of claims in Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of the technology in its Prius and Highlander Hybrid vehicles. On January 11, 2006, Solomon filed an additional complaint against Toyota with the United States International Trade Commission seeking to exclude importation of the infringing technology.

If Solomon is successful in its ITC action, Toyota could be prohibited from importing into the United States infringing combination motor and transmission systems and those products containing such systems, including the Toyota Prius and Highlander models.