$AAPL ordered to pay Virtex more than $625 ml, $VHC #PreMarketGainers @ $9.35 UP 95%
Apple (AAPL) must pay more than $625 million in a patent dispute, as deemed by a federal jury in Texas on Wednesday, Reuters reported in the late afternoon.The consumer electronics giant was found to have used patent holder VirnetX Holding‘s (VHC) Internet security technology without its OK, in Apple’s FaceTime and iMessage features, the report said.
Some of the intellectual property has to do with VPNs, or virtual private networking. VirnetX stock shot up more than 89% after hours, after vaulting 29.8% in Wednesday’s regular session, to 4.79.
Apple stock slipped 0.5% after hours, following a 2% rise during a trading day in which it regained the title of biggest stock in market cap from Google-owner Alphabet (GOOGL).
