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AT&T facing legal trouble as Network Apps sued it for $1.35 billion over alleged theft of patented technology

The lawsuit vs. the telecom company
To be more specific, based on the documents filed at the New York Southern District Court, the case against AT&T Inc is about the Network Apps and other plaintiffs’ claims of patent infringement and breach of contract.
Reuters reported that the plaintiffs sued AT&T for at least $1.35 billion and claiming that the telecom giant ripped them off by stealing Network Apps’ patented “twinning” technology. This is something that allows various types of devices to respond to calls placed on a single phone number. In simpler terms, this technology can re-route calls to multiple devices. ....

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Why Am I Long Verizon? Why Am I Long AT&T? Here's Why

Why Am I Long Verizon? Why Am I Long AT&T? Here s Why
AT&T s earnings showed some good, some bad and some ugly.
Stocks quotes in this article:
T,
VZ,
TMUS
AT&T (T) put the firm s fourth quarter performance to the tape on Wednesday morning. There was enough to like. There was also enough to dislike. Then there was the stuff that makes one stop and say whoa . For the reporting period, AT&T reported adjusted EPS of $0.75, which beat the street by two cents, which is badly misleading. Using generally accepted accounting principles (GAAP), the firm posted EPS of $-1.95, and that number missed the street s expectations by more than $2.40. I will explain this gap between what one sees in the mirror and one s actual appearance in a minute. Revenue generation landed at $45.7 billion for the quarter. This number did beat consensus view, but also amounts to year over year sales growth of -2.4%, t ....

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AT&T Sued For Allegedly Stealing Patented Twinning Technology

AT&T Sued For Allegedly Stealing Patented Twinning Technology
DALLAS (dpa-AFX) - AT&T Inc. has been sued by Network Apps LLC for allegedly stealing patented twinning technology.
The Seattle-based apps developer filed a complaint in New York Southern District Court against the telecommunications giant for breach-of-contract and patent infringement claims.
Reuters reported that Network Apps seeks $1.35 billion in damages, including royalties.
Network Apps twinning technology allows smart devices including watches and tablets to respond to calls placed to a single phone number.
The suit is against AT&T s NumberSync that lets consumers sync wireless number with compatible mobile devices. ....

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AT&T hit with $1.35B NumberSync patent case - Mobile World Live

AT&T hit with $1.35B NumberSync patent case - Mobile World Live
27 JAN 2021
US operator AT&T was accused of stealing technology to develop a system to allow calls to be taken on a range of smart devices, in court proceedings lodged by Network Apps,
Reuters reported.
Network Apps filed the case at a district court in the state of New York, where it aims to receive at least $450 million in damages with hopes to treble this to compensate for AT&T’s claimed “willful and egregious infringement”.
The grievance surrounds AT&T’s NumberSync technology, which connects a variety of devices to users’ primary mobile phone numbers. This allows them to make and receive calls on smartwatches, tablets, PCs and some smart speakers. ....

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The Fiji Times » AT&T is sued for $1.35 billion over technology to synchronize smart devices

Reuters Reuters
28 January, 2021, 4:43 am
FILE PHOTO: The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake//File Photo
NEW YORK (Reuters) – AT&T Inc was sued on Tuesday for at least $1.35 billion by a Seattle company that accused the telecommunications giant of stealing its patented “twinning” technology, which lets smart devices such as watches and tablets respond to calls placed to a single phone number.
Network Apps LLC said AT&T abandoned joint development and licensing agreements for its technology in 2014 after realizing it would owe a “fortune” in royalties because the market for smart devices was exploding, only to then incorporate the technology a year later in its own product, NumberSync. ....

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