Acacia Is Having Its Days in Court
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Tiny Acacia Technologies (ACTG) has crossed swords with tech giants over patent infringement. In some cases—IBM (IBM), ConocoPhillips (COP), and SAP (SAP)—licensing pacts have resulted.
Acacia, which acquires and licenses patented wireless and Web technologies, moves in part on the fate of its lawsuits. Now at 7.58, it could get a lift on a pending case with Yahoo! (YHOO) On May 15, a U.S. District Court in Tyler, Tex., awarded Acacia $6.6 million in damages for its net-related patent suit against Yahoo. Acacia then appealed to increase the damages. If Yahoo settles, Acacia will get a boost.