Good Thing Google Has Deep Pockets…
The search engine tycoon, Google, was recently ordered to pay $20 million after the courts found they infringed on four different anti-malware patents. The infringement involved the development of the company’s popular web browser, Chrome.
According to The Next Web, the suit originated in 2013 after Alfonso Cioffi and, the now-deceased Lucent engineer, Allen Rozman filed for patent infringement. The case was eventually was escalated to the Federal courts. The final ruling was provided on Friday, February 10, 2017. Google tried to appeal the ruling to the U.S. Supreme Court, but that action was denied.
I’m sure Google isn’t happy about forking over that kind of dough, but it won’t break the bank, considering the company’s 2016 net income topped $19.5 billion. The news also hasn’t appeared to have any kind of long standing impact on their shareholders either. Over the last five days, Google stock shares have increased by roughly 1.5%. The company has experienced a few dips in market value, but nothing that they haven’t bounced back from within hours.