Very important hearing today on Amazon case Big day for team WiLan in the Amazon case. Summary Judgement day.
For those that don't know this case, it covers the Alexa feature that was invented by SRI international. Apple licensed SRI technology which underpins SIRI.
It covers three product categories, including tablets, streaming players, and smart speakers. To date, I calculated 200M+ of these units sold in the US that include the Alexa feature.
Some of the patents expired in early 2019. Two of the patents expired in 2022.
They are going for wilfulness so for double or tripling of damages. (SRI won doubling of damages against Cisco last week at CAFC). This is also VERY important for this case is that this is not a standard essential patent. This is just theft of the underpinning technology. These in the past have led to ENORMOUS damage awards in the range of 5-10% of the selling price of the infringing products.
If the judge let's in the damages theory and the methodology and doesn't exclude the damages theory, we are set up for a HUGE battle in the jury trial happening mid-November.
This could also lead to a very significant set of settlements with Amazon... Microsoft and Google follow these cases.
The stock assumes we will lose the summary judgment motion and this will not go to trial.
So only upside here.
Good luck today!