At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
- Special Report: Syria's Islamists seize control as moderates dither
- Angelina Jolie stunt double sues News Corp over hacking
- Global shares firm, dollar steady before Fed decision
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Journalist who brought down U.S. general is killed in Los Angeles car crash
VirnetX says jury asks Apple to pay $368 million in patent case
(Reuters) - Shares of VirnetX Holding Corp jumped 27 percent after a jury asked Apple Inc to pay about $368 million to the Internet security software maker for infringement of four patents.
The patents relate to virtual private networking and were infringed by Apple's Facetime application used in iPhone, iPad, iPod Touch and Mac computers.
The Court for the Eastern District of Texas, Tyler Division, will hear the post-trial motions in the coming weeks, VirnetX said in a statement.
VirnetX shares were up $6.46 at $32.75 in afternoon trading on the American Stock Exchange.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Sriraj Kalluvila)
- Tweet this
- Share this
- Digg this