Patent infringment response on Apr. 15?Following is from the TD's latest report:
Rejecting PIL’s patent infringement allegations; Does not seem to affect capital deployment. Sandvine will be filing its response to the complaint on April 15, rejecting PIL’s allegations. We believe that most patent-infringement cases have not resulted in significant damages and that injunctions are rare, if not disallowed under current U.S. law as management claims. Nonetheless, the infringement claim does not seem to have affected management’s capital deployment programs. The company repurchased 1.4 million shares for $3.3 million in the quarter and continued to repurchase shares in Q2/FY16. It has repurchased 1.1 million
shares for $2.3 million in Q2/FY16 so far.
Anyone hear the about the Apr. 15 date before? Just wondering if it was mentioned on the CC.