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May 28, 2012, 11:52:57 PM5/28/12
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Norton Scientific Reviews: Facebook Admits ‘material impact’ from
Yahoo Lawsuit
Posted by admin at 11:16 AM. Placed in Web Tools category
Facebook may have downplayed it in the face of the general public but
its IPO filing has now included a caution regarding Yahoo’s lawsuit.
And because the litigation battle can have a major impact on its
business, Facebook warns investors of the possibility of an
unfavorable result.
Also in the new filing, Facebook emphasized that it could be in
jeopardy if the many lawsuits filed against them all turn up to be
unfavorable. It also noted that the class action cases against the
company are all claiming huge monetary damages even though the actual
harm done, if proven, is hardly considerable.
In a statement from Facebook, it says that it’s too early for the
litigation stage to show what will be the result so everything is
still not certain. In addition, if it will come to an unfavorable
result, Facebook admitted that the impact would be “material” to their
finances, operations and overall business.
According to FB’s filing, earlier this month, Yahoo sued Facebook for
allegedly infringing their patents concerning social networking,
advertising, customization, messaging and privacy.
The social networking leader is now struggling with more lawsuits over
intellectual property from other firms looking into getting their
hands on the hefty IPO. Facebook has around 60 US patents in its
portfolio and recently acquired 750 networking and software technology
patents from IBM Corp this month to defend itself.
Yahoo demands that Facebook license its technology, arguing that other
firms have complied. Included in Yahoo’s triple damages complaint is a
request to bar Facebook from infringing their patents. Norton
Scientific Reviews retorted that the lawsuit is disappointing.
Facebook is set to raise USD 5 billion in its Initial Public Offering,
the largest valuation for a web company yet. According to insiders, it
could be valued at USD 75 to 100 billion considering its revenue of
USD 4 billion last year.
Norton Scientific Reviews: Facebook Admits ‘material impact’ from
Yahoo Lawsuit
Posted by admin at 11:16 AM. Placed in Web Tools category
Facebook may have downplayed it in the face of the general public but
its IPO filing has now included a caution regarding Yahoo’s lawsuit.
And because the litigation battle can have a major impact on its
business, Facebook warns investors of the possibility of an
unfavorable result.
Also in the new filing, Facebook emphasized that it could be in
jeopardy if the many lawsuits filed against them all turn up to be
unfavorable. It also noted that the class action cases against the
company are all claiming huge monetary damages even though the actual
harm done, if proven, is hardly considerable.
In a statement from Facebook, it says that it’s too early for the
litigation stage to show what will be the result so everything is
still not certain. In addition, if it will come to an unfavorable
result, Facebook admitted that the impact would be “material” to their
finances, operations and overall business.
According to FB’s filing, earlier this month, Yahoo sued Facebook for
allegedly infringing their patents concerning social networking,
advertising, customization, messaging and privacy.
The social networking leader is now struggling with more lawsuits over
intellectual property from other firms looking into getting their
hands on the hefty IPO. Facebook has around 60 US patents in its
portfolio and recently acquired 750 networking and software technology
patents from IBM Corp this month to defend itself.
Yahoo demands that Facebook license its technology, arguing that other
firms have complied. Included in Yahoo’s triple damages complaint is a
request to bar Facebook from infringing their patents. Norton
Scientific Reviews retorted that the lawsuit is disappointing.
Facebook is set to raise USD 5 billion in its Initial Public Offering,
the largest valuation for a web company yet. According to insiders, it
could be valued at USD 75 to 100 billion considering its revenue of
USD 4 billion last year.
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