A judge in Texas has ordered Microsoft (MSFT) to stop selling some versions of its Word software in the United States within two months. This follows a May decision that found Word infringes on a Canadian tech firm's patent.
The offending programs are Word 2003 and Word 2007, which seem to have borrowed technology on how to encode and display information. In addition, MSFT was ordered to pay $290 million to the Canadian firm i4i for damages and interest. The judge also issued an injunction that will take effect in 60 days, this move will not allow MSFT to sell Word products including the patented technology.
Technically, MSFT is enjoying a bit of support from its intermediate-term moving averages. The stock is currently riding along the support of its 10-week moving average, which has teamed up with the $23 level to help the stock from falling back to its early 2009 lows. It certainly appears that the stock may be consolidating before a potential run higher, but there are hurdles for the stock to clear. MSFT's 50-month moving average looms overhead in the mid-$23 region. If this trendline continues to act as resistance throughout its move lower, the stock could be pressured lower in the process. The good news is that MSFT's 10- and 20-month moving averages are in a position to provide some support, we may soon learn if this support will hold.
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Reader Comments (Page 1 of 1)
8-13-2009 @ 7:05PM
johnny said...
silly
8-13-2009 @ 7:44PM
Brenda said...
This is so assinine...