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.
So what: A federal jury found that Qualcomm directly and indirectly infringed on ParkerVision's radio frequency receiver and converter patents in their semiconductor chips. The trial will now enter a phase that will determine whether infringement was intentional or not, and how much the judgement will be for Parkervision.
Now what: Parkervision was originally seeking a $500 million judgment, but it's really unknown what the jury will decide to award. Then, we're likely in for a long appeals process, which often modifies some of the original decision as well as damages. No doubt this is good news for ParkerVision, but putting an exact value on the verdict is difficult with so many unknowns. This could pay off in spades for investors, but it's just too risky for me to jump onto a bounce like this today. Investors should make sure they're investing in ParkerVision for its core business and not this patent verdict alone.
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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool owns shares of Qualcomm. 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.
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