Legal suit tempers MTS profit in 2011

Mer Telemanagement Solutions said its net income for year ended December 31, 2011 was $387,000, or $0.09 per diluted share, compared with a net income of $176,000, or $0.04 per diluted share for 2010.
 
Profit for 2011 was negatively affected by legal expenses and settlement costs of $640,000 relating to an alleged patent infringement claim.
 
The company posted a net loss for the fourth quarter of 2011 of $201,000, or $0.05 per diluted share, a reversal from a net income of $117,000 or $0.03 per diluted share in the fourth quarter of 2010.
 
This was mainly the result of a lump sum payment made in connection with a settlement relating to an alleged patent infringement as well as a loss relating to discontinued operations in Brazil.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.