Qualcomm Patent Case Dropped By Supreme Court

The U.S. supreme court has declined to hear ParkerVision patent case against Qualcomm.

The U.S. Supreme Court has turned down the requisition to conduct the hearing of the Jacksonville, Florida based telecomm company, ParkerVision, relating to the patent infringement lawsuit filed against the America top semiconductor manufacturer, Qualcomm Inc. The court decision has finally ceased the pending dispute relating to the intellectual property dating to 2011.

On Tuesday, ParkerVision publicly disclosed the decision of the court. In 2013, Florida based federal jury subpoenaed Qualcomm to pay $173 million to ParkerVision for infringing four patents. For that year, the damages verdict stood among the highest awarded in any patent case.

However, in 2014, when the federal judge got the case under its supervision, it annulled the jury verdict. The judge provided reason that jury’s findings hadn’t been backed up by coherent technical evidence. Subsequent to this, ParkerVision filed the appeal to higher courts, which caused the company losing it yet again. The Chief Executive, Jeffrey Parker said in a statement: “The Federal Circuit’s lack of respect for jury verdicts, especially those that find in favor of patent holders, undermines the property rights that innovators depend on when investing significant amounts of resources to create new inventions.”

According to the most recent filings with the securities regulators, the ParkerVision’s products are not well received among the customers. It has not generated high demand from the consumers to date due to which, in the year 2014, it recorded no revenue. In the first nine months of 2015, the firm managed to generate the sales amounting to mere $5,400.

It didn’t turn back while using all the legal moves against the chipmaker. In 2014, keeping the traditional suit, it sued the San Diego, Calif. firm and several of its smartphone customers and accused them for infringing five separate patents. For this particular case, the trial is scheduled sometime in November.

It continued its “suing tradition” and last year, in 2015, it again sued the San Diego chipmaker for infringement on four additional patents. In January, the organization filed a requisition with the U.S. International Trade Commission and sought a bar on the imports of any of the products which consume one Samsung transceiver and two Qualcomm transceivers.

An investigation has been commenced by the ITC but no period has been disclosed regarding the conclusion of the probe. No official comment has been forwarded by the chipmaker, Qualcomm on the ongoing case.

Additionally, at the trade market, ParkerVision, saw a stock decline of 2 cents to 28 cents. Moreover, at the market close on Tuesday, Qualcomm  stock stood at a price of $50.69 after going up by 50 cents. The 52-week range of the stock is $42 to $72.