Dallas, Texas 07/10/2013 (Financialstrend) – Microsoft Corporation (NASDAQ:MSFT) announced on Tuesday that the company effectively settled approximately 3625 cases against the company regarding allegations of copyright infringement. As of the end of the fiscal year 2013 on June 30, Microsoft Corporation’s (NASDAQ:MSFT) copyright infringement cases amounted to 3230 in the international markets of 42 countries and 35 in the United States.
The associate general counsel of Microsoft Corporation’s (NASDAQ:MSFT) cybercrime center reported that such counterfeiting cases related to software developments result in highly negative impact on the local and global economic growth of the companies operating in the industry. Since early 2005, Microsoft Corporation (NASDAQ:MSFT) has received around 450,000 complaints from customers related especially to software counterfeiting and to the fact that the operating systems were overwhelmed with viruses, malware or situations in which the software did not work as expected. Among the settled cases was the agreement between Microsoft and the Ningbo Beyond Group, operating in the People’s Republic of China, having allegedly infringed the software company’s copyrights in certain software developed by Microsoft.
After reaching the intraday high price of $34.60, the share price of Microsoft Corporation (NASDAQ:MSFT) closed at $34.35 with an intraday low price of $34.14. The share price of Microsoft Corporation (NASDAQ:MSFT) increased by 0.07 percent, closing on Tuesday at $734.58. The 52-week high price of Microsoft Corporation (NASDAQ:MSFT) is $26.26 and the 52-week low price stood at $35.78. With 8.35 billion total outstanding shares, the market capitalization of Microsoft Corporation (NASDAQ:MSFT) is $286.86 billion. The intraday share trading volume for yesterday was 25.32 million, whereas the average trading volume of Microsoft Corporation (NASDAQ:MSFT) heads up to 43.85 million. Institutional ownership in Microsoft Corporation (NASDAQ:MSFT) records a contribution of 68 percent of the company’s total outstanding shares.
