" By MarketWatch
SAN FRANCISCO (MarketWatch) --
Among the shares expected to see active trade in Wednesday's session are those of Broadcom Corp., Apple Inc. and Nokia Corp.
Broadcom has agreed to settle a pending class action lawsuit against the company and certain of its current and former officers and directors.
The lawsuit, which is related to the company's historical stock-option accounting practices, was brought on behalf of investors who bought Broadcom's common shares between July 2005 and July 2006.
Under the proposed agreement, the claims against Broadcom and its officers will be dismissed in exchange for a $160.5 million cash payment by the company. Broadcom will record the settlement amount as a one-time charge in the fourth quarter.
Nokia filed a complaint against Apple with the U.S. International Trade Commission over patent infringements in "virtually all" of its mobile devices, portable music players, and computers.
Nokia claims that Apple is using seven of its patents for key features in its products, including user interface and camera, antenna and power management technologies. "While our litigation in Delaware is about Apple's attempt to free-ride on the back of Nokia investment in wireless standards, the ITC case filed today is about Apple's practice of building its business on Nokia's proprietary innovation," said Paul Melin, general manager of patent licensing at Nokia. Read more about Nokia's complaint against Apple "
Source:
http://www.marketwatch.com/story/stocks-in-focus-for-wednesday-2009-12-29?reflink=MW_news_stmp
Market Watch... Well Folks If you have STOCK in ANY companies on this BLOG - then don't Say you were NOT Given a Heads Up on the Lies your Company or your Stock Management Team is Feeding YOU... those in charge of your Portfolios, those in the Management and Corporate offices of these Companies - THEY know about a Trillion Dollar Liability and My Guess is NONE of them HAVE it on the BOOKS.
Bruce Sewill
Apple, Broadcom,
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