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MSI

Motorola Solutions

$121.92

-1.33 (-1.08%)

09:28
12/19/18
12/19
09:28
12/19/18
09:28

Motorola Solutions files copyright infringement suit in Australia against Hytera

Motorola Solutions has filed a claim for copyright infringement against Hytera Communications of Shenzhen, China and Hytera Communications of Australia in the Federal Court of Australia. Motorola Solutions' application for leave to introduce the copyright infringement claim was heard on 13 December and orders were made by the Federal Court granting leave on 19 December. The new claim asserts that Hytera unlawfully copied Motorola Solutions' MotoTRBO source code into Hytera's Digital Mobile Radio equipment in violation of Australian copyright laws. Motorola Solutions seeks damages or an account of profits, as well as an injunction preventing the importation or sale in Australia of all Hytera products using the code. The DMR products at issue include a substantial number of Hytera's DMR portables, mobiles and repeaters. In addition, Motorola Solutions' patent infringement, copyright infringement and trade secret theft lawsuits against Hytera are still pending in the U.S. District Court for the Northern District of Illinois.

  • 18

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    Dec

MSI Motorola Solutions
$121.92

-1.33 (-1.08%)

11/05/18
11/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Sell from Hold at DZ Bank. 2. Encana (ECA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at BMO Capital. 3. Hilton (HLT) downgraded to Hold from Buy at Argus with analyst John Staszak saying that while the company is seeing success from its franchised business model, some of its markets are facing more challenging economic conditions and competition from other hoteliers and Airbnb is growing tighter. 4. Motorola Solutions (MSI) downgraded to Hold on valuation at Gabelli with analyst Hendi Susanto citing valuation. 5. UMC (UMC) downgraded to Sell from Underperform at CLSA with the firm's analyst citing the U.S. federal grand jury indictment into the company's potential involvement in IP-theft from Micron (MU). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/18
GABE
11/05/18
DOWNGRADE
GABE
Hold
Motorola Solutions downgraded to Hold on valuation at Gabelli
Gabelli analyst Hendi Susanto downgraded Motorola Solutions to Hold from Buy citing valuation.
09/25/18
SBSH
09/25/18
NO CHANGE
Target $146
SBSH
Buy
Motorola Solutions price target raised to $146 from $130 at Citi
Citi analyst Jim Suva raised his price target for Motorola Solutions to $146 saying recent market multiples and peer multiples have increased from prior levels. He maintains a Buy rating on the shares.
08/28/18
JEFF
08/28/18
NO CHANGE
Target $145
JEFF
Buy
Motorola Solutions price target raised to $145 from $140 at Jefferies
Jefferies analyst George Notter raised his price target for Motorola Solutions to $145 after spending time with management at the company's headquarters. Notter says the meetings reinforced his positive views of the Avigilon deal, their Public Safety Software efforts, as well as the health of the overall business. He reiterates a Buy rating on Motorola Solutions.

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