Why ParkerVision, Inc. Shares Popped on Friday

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of ParkerVision, (NASDAQ: PRKR  )  ended Friday up 6% after surging to an opening-bell gain of nearly 11%. Investors cheered recent news out of the courts in ParkerVision's ongoing battle with mobile chip giant Qualcomm (NASDAQ: QCOM  ) , but the gradual slide throughout the day indicated that the news wasn't as great as initially believed.

So what: This is ParkerVision's second go-around in the courts with Qualcomm, which it beat last October for a $173 million judgment on allegations of patent infringement. This case appears to be a continuation of the same issue, as ParkerVision and Qualcomm are presently exchanging motions in Florida's Middle District Court in the wake of a fresh patent infringement lawsuit filed last week.

ParkerVision is accusing both Qualcomm and Qualcomm's hardware partner HTC of infringing seven of its patents -- different than the ones litigated last October -- regarding radio-frequency and other wireless communications technologies. However, it appears that the motions that were filed on Friday largely relate to last October's ruling, as Qualcomm's motion for a new trial to decide damages was rejected, but several ParkerVision's filings on the same matter were rejected as well.

Now what: The last lawsuit between these two parties produced a very dramatic short term pop and subsequent drop in ParkerVision's shares when it was decided in October, with the end result becoming largely meaningless to shareholders as a double was entirely given up within days. Qualcomm has been fighting ParkerVision for years, and it seems unlikely that they'll give up substantially more ground than they already have. Buying shares in a company because you're anticipating its victory in some legal battle tends to be more of a gamble than a serious investment strategy, particularly if you don't know many of the details.

6 stock picks poised for incredible growth
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2942685, ~/Articles/ArticleHandler.aspx, 8/30/2015 8:09:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Alex Planes

Alex Planes specializes in the deep analysis of tech, energy, and retail companies, with a particular focus on the ways new or proposed technologies can (and will) shape the future. He is also a dedicated student of financial and business history, often drawing on major events from the past to help readers better understand what's happening today and what might happen tomorrow.

Connect with Alex on LinkedIn or Twitter for more news and insight:

View Alex Planes's profile on LinkedIn

Today's Market

updated 1 day ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:00 PM
PRKR $0.23 Down -0.01 -3.36%
ParkerVision, Inc. CAPS Rating: *
QCOM $57.45 Up +0.09 +0.16%
Qualcomm CAPS Rating: ****