Nokia Corporation (ADR) (NOK) To Put The Smack-Down On Patent Infringers

Nokia Corporation (ADR) (NOK) To Put The Smack-Down On Patent Infringers
Hermann / Pixabay

Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is in the midst of a transformation. It will sell its devices division to Microsoft this year and begin building its intellectual property division. Of course the first step in building up a patent portfolio is protecting the ones you already have, and Nokia is having some success in this area.

Nokia wins against HTC

Nokia has been pursuing HTC Corp (TPE:2498) since 2012, and this week it won an injunction against the company in Germany. The ruling will enable Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) to force all HTC products which infringe upon the patent in question to be banned from import and sale in Germany. The Finnish company will also be able to collect damages from HTC’s past patent infringement. The patent for which Nokia received the injunction covers network resource data transfers between mobile devices.

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The same court ruled a little over a week before that HTC also infringed on another patent owned by Nokia. It’s a USB patent, and the company also received the right to enforce an injunction and receive damages in connection with that patent as well. Nokia also won against HTC in the U.K. The fact that the company is winning this patent battle in multiple countries does suggest that it has a very real case here, unlike the ongoing battles between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930), in which each company wins some of the battles in various countries.

Nokia to pursue other companies?

With the wins against HTC under its belt, Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) will be ready to battle other companies, especially as it seeks to more fully monetize its patent portfolio. The company had previously filed for patents to protect its technology, but now, most analysts are hoping that Nokia’s patent portfolio will provide a nice, healthy stream of revenue to replace the money-losing devices division that’s going to Microsoft Corporation (NASDAQ:MSFT) sometime this quarter.




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