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ParkerVision Wins Round in Patent Trial Against Qualcomm

ParkerVision Inc., a designer of wireless communication networks, soared the most since February after it won the first phase of a trial in which it’s seeking hundreds of millions of dollars in patent royalties from Qualcomm Inc. over chip technology.

Qualcomm infringed ParkerVision patents and none were invalid, a federal jury in Orlando, Florida, said today. The jury decision came after more than a week of testimony and two days of deliberations. ParkerVision rose $2.06, or 61 percent, to $5.43 at 4 p.m. in New York trading of 19 million shares, 23 times the three-month daily average.