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SOLM.OB

Started by boatguy, November 25, 2005, 06:44:37 AM

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boatguy


boatguy


hottea

massive selling this mourning with no news, what's the rumor?

boatguy


Stocky2000

#49
it looks like they let it up again ...

Stocky2000

New speculation ?

Solomon Announces Toyota Patent Infringement Appeal
Friday June 1, 8:30 am ET

TARPON SPRINGS, Fla., June 1 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. (OTC Bulletin Board: SOLM - News) announced today that it will appeal the final determination of the United States International Trade Commission (ITC) regarding Solomon's claim of patent infringement against Toyota Motor Corporation, and certain of its affiliates, to the Court of Appeals for the Federal Circuit (CAFC) in Washington, DC. The Commission ruled, on April 30, 2007, that there was no violation of Section 337 of the Tariff Act of 1930, as amended.

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"We were clearly surprised by the initial determination by the Administrative Law Judge (ALJ) and, after careful consideration, we have concluded that there were serious errors made in interpreting the pertinent patent law and precedents in this case leaving us no option but to appeal the case to a court with particular expertise in this field." said Gary G. Brandt, Chief Executive Officer of Solomon. "The CAFC is the primary court in the United States which hears appeals of patent cases from the lower district courts or from the ITC. We strongly believe that a proper interpretation of the law, and precedents of the Appeals Court, will result in a reversal of the most critical aspects of the ALJ's decision."

Mr. Brandt continued, "As those who have followed this case closely know, we determined some time ago that the ITC venue would provide a more streamlined path to resolving this matter. Because the ITC is not a judicial court, however, its findings are not binding on any other courts to which Solomon might bring the case in the future. We believe that the CAFC is the appropriate forum by which to establish the proper interpretation of our patent claims and to provide us with future options to pursue full and fair remedies at either the ITC or the Federal Court in Florida."

As previously announced Solomon brought suit against Toyota Motor Corporation, Toyota Motor Sales U.S.A. Inc. and Toyota Motor Manufacturing North America in the United States District Court for the Middle District of Florida, Tampa Division, on September 12, 2005, claiming infringement of Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of the Hybrid Synergy Drive technology in its Prius and Highlander Hybrid vehicles. On January 11, 2006, Solomon filed an additional complaint against Toyota with the ITC seeking to exclude importation of the infringing technology. The action against Toyota and its affiliates in the United States District Court for the Middle District of Florida, Tampa Division, has been stayed pending resolution of the ITC action.

boatguy


boatguy

Gapped- up 31% ;D

boatguy

#53
Still moving up- ;D

Nice volume, close above the 50 sma very bullish.

Those who got in on ket1390's alert just doubled- applaud!


setravis

Tracking your list of stocks is of most importance......

Yesterday's closing chart,
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis