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Pompano Beach, FL -- (SBWIRE) -- 02/06/2013 -- On Tuesday a source closely related with the issue reported that Brazil’s copyright controller would remove US tech titan Apple Inc (NASDAQ:AAPL) of the right to make use of its iPhone trademark in Latin America’s largest market and gave the trademark to a domestic firm that registered it first.
Gradiente Eletronica SA, a Brazilian consumer electronics manufacturer, listed the “iphone” name in 2000, seven years ahead of Apple (AAPL) released its now extremely famous smartphone.
How Should Investors Trade AAPL Now? Don’t Miss out a Special Trend Analysis
The Brazilian Institute of Intellectual Property would formally declare its verdict on Feb 13, the source added.
Apple (AAPL) could then stand against the decision in the Brazilian courts. A representative with Apple in Brazil refused to give remarks over Brazilian move.
Shares of Apple Inc. (AAPL) were flirting with minor gains and losses on Wednesday and were hanging around $453 with negative change of -0.92%.
At the current trading session, Apple Inc. (NASDAQ:AAPL) shares are down -0.82% to $454.11 while the stocks are trading within the range of $453.56 – $459.74. In the past year, the stock has traded within a range of $435.00 – $705.07. Average daily trading volume is 20.54 million shares.
Will AAPL Get Buyers Even After The Recent Rally? Find Out Here
If we look at a few other stocks at the tech sector, Mad Catz Interactive, Inc., Calix, Inc. and Entropic Communications, Inc. are in the losers list. Let’s have a quick look on their Market performance.
Mad Catz Interactive, Inc. (USA) (NYSE:MCZ) shares are down -15.65% to $0.510 while the stock is trading within the range of $0.45– $0.52 in the current trading session. In the last 12 months the shares have traded between $0.39 and $0.74. The average daily trading volume is 162,791 shares.
Is it the Right to Grab MCZ after the Recent Slump? Get Free Trend Analysis Here
Calix, Inc. (NYSE:CALX) shares in the current session moved down -8.93% reaching $7.75. The stocks are trading in a range of $7.54 – $8.53. In the last year the stock has moved within a range of $4.25 – $12.21. The Company’s average daily trading volume is 416,205 shares.
Why Should Investors Buy CALX After the Recent Fall? Just Go Here and Find Out
Another rival company, Entropic Communications, Inc. (NASDAQ:ENTR), is trading down -4.29% to $4.91. Intraday trading recorded the stock price in a range of $4.61 to $4.94. In the previous 52 weeks the stock’s price ranged between $3.40 and $7.38. Their average daily trading volume is 712,891 shares.
Has ENTR Found The Bottom And Ready To Gain Momentum? Find Out Here
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