Google infringed five Sonos patents, U.S. trade judge finds [Toronto Globe and Mail (Ontario, Canada)]
Sonos, Inc. (SONO)
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Source: Toronto Globe and Mail
Google infringed five Sonos patents, U.S. trade judge finds A U.S. trade judge ruled on Friday that Alphabet Inc.’s Google infringed five patents belonging to Sonos Inc. that concern smart speakers and related technology, a decision that could lead to an import ban. The brief ruling from Charles Bullock, the chief administrative law judge of the U.S. International Trade Commission, did not explain why Google’s sale of the products violated a 1930 federal tariff law, commonly known as Smoot-Hawley, designed to prevent unfair competition. Sonos has been trying to block Google from importing Home smart speakers, Pixel phones and other products from China. Google did not immediately respond to requests for comment. Sonos said it was pleased with the preliminary ruling, which it said “confirmed Google’s blatant infringement” and furthered its efforts to defend its technology against alleged misappropriation by larger rivals. Shares of Sonos were up 11.4% in after-hours trading. Friday’s
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SONO
News
- Sonos Announces Date for Second Quarter Fiscal 2024 Financial Results and Conference CallBusiness Wire
- US court allows Google speaker imports in Sonos patent fight [Reuters]Reuters
- Home Audio Components Market to Reach $64.4 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Sonos, Inc. (NASDAQ: SONO) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $24.00 price target on the stock.MarketBeat
- Why Is Sonos (SONO) Down 2.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
SONO
Earnings
- 2/6/24 - Beat
SONO
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/8/24 - Form 4
- SONO's page on the SEC website