At the end of January, Google (NASDAQ:GOOGL) filed a rehearing request regarding Netlist’s US 7,619,912 (“912”) patent. On Tuesday, February 19th, Netlist, Inc. (OTCQX:NLST) provided an update on the reexamination. After the update, NLST stock jumped, closing the day up nearly 50%.
NLST Stock Today
According to Yahoo Finance, at market close, NLST stock closed the day trading at $0.49. That means NLST stock closed Tuesday up 45.40%, making it a Yahoo Finance trending ticker. And the stock jump is all thanks to the United States Patent Trial and Appeal Board. At least, it appears so.
Patent News
On January 31st, responding to Google’s rehearing request, the United States Patent Trial and Appeal Board denied the company’s request, ultimately upholding the validity of Netlist’s ‘912 patent. Google had three main points, with some involving memory modules, but the United States Patent Trial and Appeal Board rejected all three, according to PR Newswire.
Netlist also said today that on January 22nd, Smart Modular Technologies’ patent litigation against the company was dismissed by the US District Court for the Eastern District of California.
Surely that’s good news for NLST stock, no?
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For Those Who Don’t Know
Netlist Inc. is a California-based company that designs and manufactures modular memory subsystems. Products include specialty DIMMs, nonvolatile memory, Storage class memory, and embedded flash. The company also resells various Samsung products.
In the month of February alone, Netlist gave two updates: the first being announced on February 12th, in which the company updated the status of the ITC investigation of SK Hynix. The second came today, February 19th.
Takeaway
Considering NLST stock soared nearly 50% today, it will be interesting to see the route that it takes tomorrow. What do you think? Will it become a Yahoo Finance trending ticker again? Let us know in the comments below.
Featured image: DepositPhotos © sdecoret
