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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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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.