Seeking Alpha Stories March 6, 2014

Pixelworks stock jumps 40 percent in pre-trading after disclosing Apple relationship

Shares in video processing specialist Pixelworks are up 39 percent in pre-market trading after an SEC filing surfaced revealing that Apple represented more than 10 percent of its revenue, representing a spend by Apple of $5M+.

SeekingAlpha speculates that Apple is seeking assistance from Pixelworks in developing its long-rumored full television set, though the company’s technologies would seem equally applicable to Apple’s existing products, from iPhones to Macs.

It’s unlikely that either company will enlighten us: Pixelworks only disclosed the relationship because publicly-traded companies are legally obliged to reveal major clients, defined as accounting for more than 10 percent of the revenue.

Pixelworks also makes the VueMagic app which allows wireless presentations to be projected from an iPhone or iPad.

Seeking Alpha Stories February 27, 2013

Judge upholds $368M VirnetX verdict over Apple, AAPL stock expected to take a small hit

As reported at Seeking Alpha:

The parties are ordered to get together between themselves for “royalty” mediation settlement for future use of the technologies in dispute or the judge has stated that he will make a ruling if not reached within 45 days.

Patent troll, East Texas kangaroo court, lawyers making a lot of money over ideas that seem obvious (transparent VPN and DNS). AAPL is down slightly in pre-trading this morning.

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