A Federal Judge ruled that Google Inc. (NASDAQ:GOOG), which purchased Motorola Mobility to increase leverage in the worldwide legal battle over smartphone and tablet computer inventions, can’t utilize some of its patents to block sales of Microsoft products.
James Robart , District Judge stated that, Motorola Mobility pledged to license several patents on fair and realistic terms; it can’t looks for a court order to stop sales of products that utilize those inventions. The decision applies to a group of Motorola Mobility patents that are considered necessary to industry standards for video decoding and Wi-Fi technologies.
In last trading session Google Inc (NASDAQ:GOOG) shares slightly low to closed at $695.25.
On the other side, Google Inc shares slightly low in last trading session, as the British government released a new plans to clear out on tax avoiders as a parliamentary report censured U.S. firm for what it described as tax avoidance.
The Chancellor of the Exchequer, George Osborne stated that he had allocated a further 77M pounds, or $123M, for a movement against offshore avoidance and evasion by wealthy individuals and multinationals.
The push, the Treasury reported in a statement, was anticipated to yield 2 billion pounds in extra annual revenue.
A chairwoman of the Public Accounts Committee of Parliament, Margaret Hodge stated in a report published on Monday that international firms with vast operations in the U.K., making significant amounts of income, are receiving away with paying little or no corporation tax here.
Google refuses to comment other than that its tax practices obey British law.
Stock Price Performance: Between November 05, 2012 and December 03, 2012, the stock price increases $7.33 (-1.07%), from $684.50 to $702.24. While, Google Inc (NASDAQ:GOOG) plunged -3.12% to the trading at $695.25. GOOG ahead its 52 week low with 54.07% and lagging behind from its 52 week high price with -39.91%.