Tech Giants to Divide Nortel's Intellectual Property Amidst Patent Sale

Tech companies including Apple, Microsoft, and Sony are set to acquire a portion of Nortel's intellectual property in a patent sale worth $4.5 billion. The deal, approved by US and Canadian judges, is expected to give the tech giants a stronghold in the mobile wireless business. Apple, in particular, is poised for a potential upside of 29.2% based on its current stock price.

Key Takeaways:

• The patent sale includes Nortel's intellectual property, which is expected to be divided among tech companies such as Apple, Microsoft, and Sony.
• The sale is worth $4.5 billion, according to a report by Computerworld.
• Apple has a potential upside of 29.2% based on its current stock price of $354 and an average consensus analyst price target of $457.24.
• Apple's stock is currently above its 50-day moving average (MA) of $338.39 and above its 200-day MA of $330.65.
• In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.44%.
• Apple designs, manufactures, and markets a range of personal computers and mobile communication devices, as well as software, services, and peripherals.
• The company sells its products worldwide through its online stores, retail stores, direct sales force, wholesalers, and resellers.

Statistics:

• The patent sale is worth $4.5 billion.
• Apple has a potential upside of 29.2% based on its current stock price and average consensus analyst price target.
• Apple's stock is currently above its 50-day MA of $338.39 and above its 200-day MA of $330.65.
• The 50-day MA has remained constant in the last five trading sessions, with the 200-day MA rising 0.44%.

Sources:

• Computerworld
• SmarTrend News Watch
• Comtex News Network, Inc.