Virnetx Loses Court Battle To Cisco Over VPN Patent 53
schneidafunk writes "VirnetX, a patent-licensing firm with 14 employees, has seen its stock price fall after it lost a major patent trial in Texas on Thursday. A jury there ruled that Cisco did not infringe VirnetX's patents on virtual private networks (VPNs), and that the networking giant didn't have to pay $258 million in damages."
Publically traded? (Score:4, Interesting)
Am I the only one that finds it disturbing that a 14 employee company is publicly traded? Or is this common?
I've certainly worked in much larger companies that weren't on the stock market.
Re:Awwww.... (Score:4, Interesting)
In other western countries citizens expect the government to be proactive about preventing harmful actions. Americans expect that much less and instead the idea is that lawsuits after-the-fact play the role that governments play in other countries. That can only work if everyone is allowed to sue everyone else for any reason with no consequences other than legal fees. It's a bit like how you can't have the police jailed if they investigate someone innocent - being a policeman would be too risky in that case. In a sense, in the US, everyone is supposed to be police and lawsuits is how that is done. It's the same thing with how Americans want to carry guns so they can take out criminals. It is a part of their culture.