tl;dr
An Illinois federal jury ruled that Amazon Web Services (NASDAQ:AMZN) violated patents owned by Kove, a Chicago-based tech company specializing in data management and computer storage. The jury awarded Kove $525M for the infringement. The patents in question pertain to systems and methods for managi...
An Illinois federal jury ruled that Amazon Web Services (NASDAQ:AMZN) violated patents owned by Kove, a Chicago-based tech company specializing in data management and computer storage. The jury awarded Kove $525M for the infringement. The patents in question pertain to systems and methods for managing information storage, search, and retrieval across a computer network. Courtland Reichman, the plaintiff's attorney, emphasized the significance of protecting IP rights for start-up companies against tech giants, hailing the verdict as a testament to innovation's power. Amazon (AMZN) expressed disagreement with the verdict and announced its intention to appeal. Kove initiated the lawsuit against Amazon in 2018 in the U.S. District Court for the Northern District of Illinois, asserting its role as a pioneer of high-performance cloud storage technology prior to the cloud's widespread adoption. Kove had also previously filed a patent infringement complaint against Google (GOOG) (GOOGL) in a separate Illinois case, which is still pending from last year.
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: Trade & Services
Sector: Retail-Catalog & Mail-Order Houses
Market Cap: $1.931536892 trillion
PE Ratio: 64.12
Dividend Yield: None
Beta: 2.9
EPS: 55.78
Profit Margin: 0.0529
Revenue: $574.784995 billion
Operating Margin: 209.62
Return on Assets: 50.69
Return on Equity: 0.139
More about Alphabet Inc Class C
Alphabet Inc. Class C is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: Technology
Industry: Services-Computer Programming, Data Processing, etc.
Market Cap: 195.88 billion
P/E Ratio: 27.27
Dividend Yield: None
EPS: 5.8
52-Week High: 307.39
52-Week Low: 163.38
Price/Book: 0.56
Price/Sales: 0.135
More about Alphabet Inc Class A
Alphabet Inc Class A - Stock Analysis Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES - COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Key Financials:
Market Cap: $1.947 trillion
PE Ratio: 26.97
Dividend Yield: None
Beta: 0.24
EPS: $24.34
Revenue: $307.39 billion
Net Income: $163.45 billion
ROE: 0.56
Debt to Equity: 0.135
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