why wilan sp down 15% between march 11 to march 28?
As i can see:
1. march 8 alcatel-lucent, HTC had motions for summary judgement on the invalidity of wilan's patents.
2. The court granted HTC for continuance (what HTC wants)
3. The court set the hearing for summary judgement on may 2013 (seems in the defendants favour).
4. The 2. and 3. may trigger the fear in the market that wilan could have hard time ahead, if not troubles.
5. The law of vabrition makes "the negative things" amplified to force the sp down
...
i don't belive the "market efficiency" theory that says the market is always right. Most time it is, but not at the critical moment. That's why peter lynch and warrent buffett can make big money.
Wilan has the favourable markman hearing rulling. The litigation has already gone for 3 years now. At the last minutes to the trail, the defendants can make the things up side-down in the summary judgement hearing? I doubt it. If they have the case, they have done it long time ago. right?
good luck