Microsoft, GoPro Strike Licensing Deal
2016年2月6日 - 7:30AM
Dow Jones News
Microsoft Corp. said Friday that it has struck a
patent-licensing deal with GoPro Inc. that will cover file-storage
technology.
GoPro shares, which have been battered this week and in recent
months, added 6.2% in after-hours trading to $10.58 a share.
Microsoft shares ticked up 0.2%.
The patent-licensing agreement comes just days after GoPro
reported weak fourth-quarter earnings, fueling concerns about the
health of its core business selling wearable cameras.
The deal with Microsoft will cover certain file-storage and
system technologies.
Nick Psyhogeos, president of Microsoft's patent business, said
the company is seeing strong demand from the wearable technologies
it has already licensed. Microsoft didn't provide further detail on
the agreement.
A GoPro representative didn't immediately respond to requests
for comment.
GoPro's shares ended the week down 13% after it said sales would
decline this year and announced the departure of a top executive.
The stock has dropped 46% in the past month and 82% in the past
year.
GoPro has been hurt by concerns that the market for its wearable
cameras is drying up, while it is also facing competition from
overseas manufacturers and smartphone technology. The company is
exploring a number of new revenue streams, including a drone that
will be released later this year and licensing content shot on its
cameras to media companies.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
(END) Dow Jones Newswires
February 05, 2016 17:15 ET (22:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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