ViaSat Expands Legal Action Against Loral
(FinancialWire via COMTEX) --
September 15, 2013 (FinancialWire) -- Satellite and wireless networking systems company ViaSat Inc. (NASDAQ: VSAT) has reportedly filed an additional complaint for patent infringement against Space Systems/Loral (SS/L) related to the "ongoing, unauthorized and willful use of ViaSat technologies."
In the suit, ViaSat is asserting three recently-issued patents in the new complaint related to technology ViaSat developed for its "100+ Gbps ViaSat-1" satellite.
The lawsuit was filed in the United States District Court for the Southern District of California, with ViaSat reportedly seeking monetary damages and a permanent injunction to prevent SS/L from continuing to use ViaSat technology in the design and manufacture of SS/L satellites.
ViaSat Inc. (approx. market cap. US$ 3.0 bil.) designs, produces and markets satellite and other wireless communication, as well as networking systems for government and commercial customers. the company was founded in 1986 and is headquartered in Carlsbad, California. ViaSat employs approximately 2,700 people.
VSAT stock info:
Last quote at close: $65.30
Last close vs. 50-day moving avg.: -1.6%
Last close vs. 200-day moving avg.: +8.1%
Last close vs. 52-wk high: -11.1%
3-mo. avg. daily volume: 175,202 shares
Approx. avg. daily money volume: $11,622,901
Financialwire(tm)'s ESSENTIAL MARKETS news beat focuses on relatively lesser-capitalized publicly-traded companies (below approximately $4.5 billion in market capitalization) with significant North American operations that are engaged in businesses contributing toward core economic stability of the region and/or are involved in emerging markets that address a fundamentally relevant purpose for the region. Essential Markets news coverage will also sometimes include both greater-capitalized and/or international companies whose businesses or operations significantly impact FinancialWire(tm)'s Essential Markets news beat purview. FinancialWire(tm) makes no claims as to the viability of any companies or companies' stocks mentioned in Essential Markets articles, but is simply noting industries and/or areas of operations FinancialWire(tm) has determined to be of a requisite nature, while also bringing to the fore relatively lesser-capitalized companies within those industries and/or areas.
INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).
Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).
FIRSTALERT(tm), an adjunct dissemination of FinancialWire(tm), provides news summaries, special commentary and insight, as well as daily and weekly digests to the financial community.
FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXIII, FinancialWire(tm); All rights reserved.
Stocks: ViaSat Incorporated (NASDAQ: VSAT)
[ Back To Technology News's Homepage ]