Sunday, August 19, 2012

Tech Business Report: Vringo?s Markman Decision UPHELD, Dell & CISCO DON?T Love India

The favorable Markman ruling obtained by Vringo, Inc. (AMEX:VRNG) in June has been upheld for the most part by a United States district judge, according to Dow Jones. The decision is linked to a lawsuit filed by Vringo against Google Inc. (NASDAQ:GOOG), AOL Inc. (NYSE:AOL), and other Internet companies; the judge kept his definition of one of the technical terms that was discussed in the ruling, and ?slightly tweaked? his definition of another one.

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The current business climate in India is the source of complaints from tech firms trying to operate there. Dell?s (NASDAQ:DELL) Asia Pac executive remarks that ?Doing business in India is difficult because the problem is there are too many decision makers?, and John Chambers of Cisco Systems Inc. (NASDAQ:CSCO) used Wednesday?s earnings call to complain that ?We continue to see India challenged largely self-inflicted by their own internal issues.? In general, multinationals note unclear investment rules, retroactive taxes, infrastructure problems, and much more, with mounting displeasure.

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Tags: AMEX:VRNG, AOL, Business, cisco systems inc, csco, Dell, dell inc, goog, google inc, Investing, Markets, NASDAQ:CSCO, NASDAQ:DELL, NASDAQ:GOOG, NYSE:AOL, Stocks, Trading, Vringo, VRNG

Source: http://feedproxy.google.com/~r/WallStCheatSheetEarnings/~3/_H2UMxkkcBg/

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