Wi-LAN Inc. (TSE:WIN) Faces Trial Loss – Shares Decline


Dallas, Texas 11/04/2013 (Financialstrend) – Wi-LAN Inc. (TSE:WIN)’s has faced one trial loss after the other  and its strategy of acquiring patents and then suing to get royalties, reduces its value for a possible sale.

The company said that a possible sale was being considered. This announcement came after it lost the trial last week against Apple. Wi-LAN Inc. (TSE:WIN) had been seeking $248M from the technology giant.

In July, the company had lost a trial against Ericsson AB and Alcatel-Lucent. However, it ended up settling with Alcatel-Lucent. The company’s patent-buying spree in 2011 & 2012 that led to the acquisition of $4.5 B worth in patents from Nortel Networks. In the same period, there were a series of court-rulings & proposed-legislation in United States Congress. All of these have limited the value of the patents that were owned by those companies that don’t actually manufacture products.

Friday’s trading

In Friday’s trading, Wi-LAN Inc. (TSE:WIN) dropped by 0.61%. The opening price of the shares was $3.29, which climbed to an intraday high of $3.31 and dipped to a close of $3.26. Approximately 1.21 million shares were traded on Friday while an average volume of 0.648 million shares were traded over a 30 day period. The 52-week low of Wi-LAN Inc. (TSE:WIN) shares is $2.96 and its 52-week high is $5.44. The company has a market capitalization of $394.17million.

About the company

Wi-LAN Inc. (TSE:WIN) is a licensing company. It is involved in developing, acquiring and licensing a range of intellectual-property that drives various products in communications & consumer electronics markets. Via both internal research & development & acquisitions from 3rd-parties, Wi-LAN Inc. (TSE:WIN) has acquired intellectual-property in the form of patents & patent applications in numerous countries. These have been licensed to over 255 companies in telecommunications -markets across the world. As of 31 December 2011, Wi-LAN Inc. (TSE:WIN) had a portfolio of around 3,000 patents, including issued & pending patents & foreign equivalents.