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Microsoft Corporation (MSFT) Wants Amicable Resolution In Kyocera Corp (KYO) Suit

Microsoft Corporation (NASDAQ:MSFT) has sued Kyocera Corp (ADR) (NYSE:KYO) in the United States over alleged infringement of intellectual property linked to Android, a report from PCWorld reveals.

However, in an updated report from Reuters, Microsoft Corporation (NASDAQ:MSFT) disclosed that it hopes for an agreeable settlement with Kyocera Corp (ADR) (NYSE:KYO) in the new lawsuit.

“We respect Kyocera but we believe they need to license the patented technology they are using. We’re hopeful this case can be resolved amicably,” Microsoft Deputy General Counsel David Howard is quoted by Reuters saying in a statement.

Microsoft Corporation (NASDAQ:MSFT) filed a lawsuit in the U.S. District Court for the Western District of Washington which asked for an injunction on the sale of Kyocera Corp (ADR) (NYSE:KYO)’s DuraForce, Hydro and Brigadier lines of Android phones.

Microsoft, Kyocera, patents, infringement, intellectual property, legal, is MSFT a good stock to buy,

Central to the Microsoft Corporation (NASDAQ:MSFT) lawsuit are seven patents it owns which the Windows maker alleges Kyocera Corp (ADR) (NYSE:KYO) infringing in its Android phones. These patents are in the areas of text messaging, adaptation of a device to its surroundings, device power management and multi-tasking.

The patents included in the lawsuit are RE40989E [Atomic Operations on Data Structures], US6349344 [Combining Multiple Java Class Files Into a Run-time Image], US7050408 [Communicating Multi-part Messages Between Cellular Devices Using a Standardized interface], US7062715 [Supplying Notifications Related to Supply and Consumption of User Context Data], US7137117 [Dynamically Variable Idle Time Thread Scheduling], and US7289102 [Method and Apparatus Using Multiple Sensors in a Device with a Display].

In addition to an injunction, the Windows maker wants to be paid damages.

Jeffrey Ubben’s ValueAct Capital remained the institutional investor with the largest stake in Microsoft Corporation (NASDAQ:MSFT) by the end of 2014. By the end of the December quarter, the firm owned about 74.24 million shares in the software giant.

Jim Simons’ Renaissance Technologies owned 520,300 shares in Kyocera Corp (ADR) (NYSE:KYO) by the end of the December quarter.

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