AT&T Charged $27.5M in Patent Suit - Analyst Blog
2013年3月25日 - 10:40PM
Zacks
AT&T, Inc. (T)
faces charges of $27.5 million under a patent lawsuit filed by
Colorado-based Two-Way Media LLC. We believe that the regulatory
charges would remain a headwind for the company, which already
remains exposed to heavy expenses on network deployment and
subsidies over high-end smartphones like Apple
Inc. (AAPL) iPhone and Android-based smartphones. However,
according to news reports, AT&T plans to move against this
verdict and challenge the fine amount imposed by the federal jury
in San Antonio.
AT&T’s legal battle with Two-Way Media has been ongoing since
2008 when the latter filed a patent infringement case against
Akamai Technologies, Inc. (AKAM) and
Limelight Networks, Inc. (LLNW) as well as
AT&T. Two-Way Media had five patents pertaining to live
streaming technology applied in Internet broadcasting, which were
violated by these companies. Two-Way Media has reportedly settled
its disputes with the other companies. However, its legal battle
with AT&T continues to exist, as the latter's U-verse services
allegedly infringed two patents of Two-Way Media.
We believe AT&T’s domestic operations are subject to
regulations by the Federal Communications Commission (FCC) and
other federal, state and local agencies. These regulatory regimes
frequently restrict the company’s ability to provide certain
products or services in designated areas.
In addition, the loss of certain licenses due to infringement and
other disputes could have a material effect on the wireless
business of the company. In addition, the development of new
technologies, such as Internet Protocol-based services, including
VoIP and super high-speed broadband and video, could be subject to
conflicting regulations between the FCC and various state and local
authorities. Such restrictive and conflicting regulations could
significantly increase the cost of implementing and introducing new
services that aid future developments.
AT&T has a Zacks Rank #3, implying a Hold rating.
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