NEW YORK, August 10, 2012 – Beststocksdaily,one of the leaders in small cap and penny markets are announcing valuable information for two big technology companies Sirius XM Radio Inc(NASDAQ:SIRI) and Apple Inc.(NASDAQ:AAPL).
Apple Inc.(NASDAQ:AAPL), which lost to Kodak in a court case in its claims of ownership to two of ten digital patents, can appeal the decision and free to try a district court to try the case, the judge concerned has said.U.S. bankruptcy judge who rules against Apple, Allan Gropper told the company it could seek a review of his ruling before it came final. Camera maker Kodak, which is under court-led restructuring after declaring bankruptcy
in January, sued Apple in June accusing the company of obstructing the sale of its digital patents to raise cash.
Apple had laid claim to ownership of ten of the 1100 patents that Kodak is selling to get funds to pay of its debt. Judge Gropper ruled in favour of Kodak. Experts At Beststocksdaily Have Complete Analysis On Ongoing Case Of AAPL, Find Out HereApple had asked the judge to facilitate an immediate appeal, which he denied because federal policy was against "piecemeal appeals," he said. Apple letter to him read, "“Apple believes it is in all of the parties’ interests to resolve all potential appeals on these issues as soon as possible."
A day after Gropper's ruling went against it, Apple, which has been trying to move the lawsuit from the bankruptcy court to a district court, renewed its efforts in this direction. The Silicon Valley company believes that a district court will conduct the trial based on the merits of its 'inventorship and ownership" and would not be influenced by Kodak's restructuring efforts to get out of bankruptcy and need to raise cash.
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Meanwhile Sirius XM Radio Inc(NASDAQ:SIRI), which is seeing a turnaround in its fortunes after a decade of being in the doldrums, saw a spike in its shares after the CEO if its larger investor Liberty Media, said that the company could borrow more. Sirius shares rose 7.6 percent to $2.48 at close, taking its total gains to 36 percent so far this year.
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Liberty Media owns more than 46 percent stake in Sirius and has been trying to gain control of it. Sirius is planning to raise $400 million via sale of 10-year notes.
“Our view is that Sirius is underleveraged and there’s plenty of opportunity for share repurchase,” Liberty Media CEO Gregory Maffei said on a conference call. “Being a shareholder, an increased shareholder in Sirius, is a good thing.”
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