... Back below March 2020 lows. Crushed -57% in one day yesterday. Now down 90% in one year.
Look what happened yesterday. Judge excluded Parkervision's expert and they didn't even have a chance to review the ruling as it is so redacted.
Big tech wins. Small cap NPEs have no chance. They can't even read a judge's ruling on their own patents.
You would think that something like this would happen in China or Russia, but it is happening in the USA.
Patents owned by small caps are dead. Who is going to pay 9 figures for the WiLan portfolio?
Implication: you have to value Quarterhill with WiLan ceasing to operate.
JACKSONVILLE, FL / ACCESSWIRE / March 11, 2022 / ParkerVision, Inc. (OTCQB:PRKR) today announced that on March 9, 2022, the District Court in Orlando, Florida ruled on one of the outstanding pre-trial motions in the Company's patent infringement case against Qualcomm (Dkt. 682). The court order, which is sealed "for attorney's eyes only" grants Qualcomm's motion to strike (Dkt. 491 in Case no. 6:14-cv-00687 U.S. District Court Middle District of Florida) and excludes opinions of the Company's experts regarding alleged infringement and validity issues.
Because this order is under seal, the Company does not yet have access to it and litigation counsel is unable to share the specific contents of the order with the Company. Nonetheless, ParkerVision and its litigation counsel disagree with the Court's order excluding opinions of the Company's experts related to infringement and validity issues and are evaluating their options. This case has additional outstanding pre-trial motions, including a motion for summary judgment for non-infringement and invalidity filed by Qualcomm (Dkt. 494) and a motion for summary judgment filed by ParkerVision related to IPR estoppel.
ParkerVision CEO Jeffrey Parker commented, "Unfortunately, this order was issued under seal meaning no one outside of counsel can see the content of the actual written order. Likewise, the motion on which this order was based is heavily redacted due to purportedly confidential Qualcomm information. We are working diligently with our litigation counsel to understand the implications of this order and to determine the best course of action moving forward."