Netlist Inc. (OTCMKTS:NLST) jumped 22%, and in the past two weeks, the stock is up 130%. The stock has made moves in recent months as things appear to change for the stock, which for quite some time suffered longs.
However, things changed in July 2020 after the US Court of Appeals for the Federal Circuit upheld the decision of the US Patent Trial and Appeal Board regarding the validity of the company’s US patent No. 7,619912 (‘912) applying for DDR server memory modules. Speculation was that NLST could drop below a quarter, but it didn’t happen.
The Appeal Court’s decision is final, which a resounding win is for the company. Notably, patent (‘912) is a seminal patent which is an impactful innovation that shifts or creates the tech space. The ruling had implications going beyond GOOG and will likely set a tone for settlement of other cases.
The company holds patents in hybrid memory, server memory, rank multiplication, load reduction, and storage-class memory. Therefore, in the coming months, NLST is a stock to watch.
Market Reaction:
On Friday, NLST stock soared 22.56% at $4.78 with more than 5.69 million shares, compared to its average volume of 1.20 million shares. The stock had moved within a range of $4.0200 – 4.9800 after opening the trade at $4.11. Over the past 52-week, the stock has been trading within a range of $0.4200 – 4.9800.
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