News Focus
News Focus
icon url

Patrick111

11/02/06 2:42 PM

#40 RE: razal #37

It's obvious that there are some people (the ones who shorted it) who want this stock to go down. The facts have not changed and people should not panic this is how I see it:

On Friday Nov 3 the court hearing on the ITC is over and the judge has 45 days to give a judgment on the case. Of course it can happen anytime between next Monday to January.

The judgment can be that Toyota has to stop selling the models in question and stop importing such models or Toyota must make a restitution to Solomon Technologies (SOLM) and in that case a few million will rake over Solomon.

The speculators are paying on the fear of people and making money shorting the stock. But it was rather obvious that once TOYOTA pay so much money to lawyers they were not going to settle and had to present their case.

At the same time GM, and even the US government has an interest on this thing because at no time will they take lightly a patent infringement case. If one such case slips by then any Patent of the USA is in jeopardy so it will be extremely unlikely that with so much evidence the judge will not rule in favor of Solomon. Toyota is taking their chances because they probably have a back up plan to either buy the company or increase the prices of hybrids to pay off the patent infringement.

Rules of the court do not allow the company to say anything and that is the reason we have not seen anything. Nothing has changed and the volume the last few days is quite massive so I would think those who wait will be rewarded nicely. No reason to dump this when it is so close to the finish line. A positive judgment can come anytime from next week after.