Apple Stock Forecast: Apple Gets Another Headwind – It Lost Patent Infringement Case Filed Against it By University of Wisconsin (AAPL)
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
- This is a follow-up to my previous article explaining why Apple is unlikely to hit the $150 price target of professional Wall Street Analysts.
- Apple has another tangible headwind –it lost a patent infringement complaint filed against it by Wisconsin Alumni Research Foundation (WARF) last year.
- I opine that Apple would likely settle the damage/penalty of up to $862 million, rather than appeal the guilty verdict.
- Intel also got sued by Wisconsin Alumni Research Foundation but chipzilla settled it out of court.