Apple fined $368 mn for violating patents in Facetime app
The patents relate to virtual private networking and were infringed by Apple's Facetime application.
Bangalore: Shares of VirnetX Holding Corp jumped 27 per cent after a jury asked Apple Inc to pay about $368 million to the Internet security software maker for infringement of four patents.
The patents relate to virtual private networking and were infringed by Apple's Facetime application used in iPhone, iPad, iPod Touch and Mac computers.
The Court for the Eastern District of Texas, Tyler Division, will hear the post-trial motions in the coming weeks, VirnetX said in a statement.
VirnetX shares were up $6.46 at $32.75 in afternoon trading on the American Stock Exchange.
- Tata Group Stocks Fall on Mistry's Ouster; Tata Steel Down 3%
- Cyrus Mistry's Exit May Trigger Major Correction in Tata Stocks: Experts
- Shapoorji Pallonji Likely to Contest Cyrus Mistry's Ouster From Tata Sons
- Tata Sons Disbands Group Executive Council Set up by Cyrus Mistry
- Quetta Terror Attack: 3 Terrorists Killed, Over 60 Dead
- Bigg Boss 10, Day 8: Celebrities Get Malik Status, Indiawale Fight Among Themselves
- Quetta Attack: Why Pak's 'Action Plan' on Terror Became 'Inaction Plan'
- US Condemns Terror Attack in Pakistan's Quetta