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 Eastman Kodak
So what: Last night the U.S. International Trade Commission said it didn't exactly agree with Judge Paul Luckern's ruling that one of Kodak's most important patents was obvious, which you would think is a good thing. By not agreeing, it ended up sending the dispute back to him for another ruling, which is expected in August. Basically, the market was hoping that ITC commissioners would have overruled Luckern, giving Kodak a solid footing to stand on with this patent, but we're still up in the air a bit.
Now what: The reason this is a big deal is that Apple
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