U.S. Supreme Court Declines To Hear Apple, Broadcom Bid To Revive Challenges To Caltech Data-transmission Patents In $1.1B Dispute
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The U.S. Supreme Court has declined to hear Apple and Broadcom's bid to revive challenges to Caltech data-transmission patents in a $1.1 billion dispute.
June 26, 2023 | 1:33 pm
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Apple's bid to challenge Caltech data-transmission patents was declined by the U.S. Supreme Court, leaving the company exposed to a $1.1 billion dispute.
The U.S. Supreme Court's decision not to hear Apple's bid to challenge Caltech's data-transmission patents leaves the company exposed to a $1.1 billion dispute. This negative development could put downward pressure on Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Broadcom's bid to challenge Caltech data-transmission patents was declined by the U.S. Supreme Court, leaving the company exposed to a $1.1 billion dispute.
The U.S. Supreme Court's decision not to hear Broadcom's bid to challenge Caltech's data-transmission patents leaves the company exposed to a $1.1 billion dispute. This negative development could put downward pressure on Broadcom's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50