MARY4MONEY
806 posts
msg #46199
- Ignore MARY4MONEY |
8/5/2006 11:38:24 AM
insiders and funds have bought about 10 million shares in last 6 months and the outstanding shares are only 27 million shares so that makes the float less than 17 million. several newsletters are offering to tell you what it is if you join their expensive news service. this stock rocketed from 0.52 to 0.89 on 8/4-06 on <180k shares traded. the big deal is that toyota infringed upon its us patient from 1991 and 2001 and the us trade commission is doing an official investigation and could bar toyota from importing their hybrid cars to the united states soon. its also suppose to have federal court hearings near the end of oct 2006 in tampa bay fl. from the info availbe toyota is likely going to settle out of court-maybe up to 1 billion dollars hopefully soon -good luck- that could make the stock worth >40$ just in cash----the stock is $$$$$$$$$$-solm-$$$$$$$$ solomen technologies- maybe it will be like king solomens gold mines to us- can you imagine day trading this stock up to >10$
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MARY4MONEY
806 posts
msg #46200
- Ignore MARY4MONEY |
8/5/2006 11:40:51 AM
Solomon Announces ITC/Toyota Hearing Dates
TARPON SPRINGS, FL. April 28, 2006 — Solomon Technologies, Inc. (OTCBB:SOLM) announced today that the US International Trade Commission (ITC) has scheduled the hearing on the patent infringement complaint brought by Solomon against Toyota Motor Corporation (NYSE:TM) , and certain of its affiliates, for October 30 through November 3, 2006. The ITC acts as an administrative investigative body to determine, among other things, whether or not goods imported into the United States infringe U.S. patents. The scheduled hearing at the ITC is roughly equivalent to the fact finding function of a trial in a judicial court.
Solomon President Peter W. DeVecchis, Jr., said, “The schedule recently promulgated by the ITC in this case is a major help in bringing an important aspect of our allegations quickly into focus. The expedited hearing and adjudication process at the ITC will allow us to bring the facts in this matter to the forefront without the extended process normally associated with patent infringement litigation in the Federal District Court system.”
He continued, “Our action against Toyota in the Federal District Court in Tampa has been stayed pending resolution of the ITC case. We plan to pursue the Federal District Court action aggressively once the ITC case has been resolved.”
As previously announced, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has been representing Solomon in its pending claims against Toyota. Solomon brought suit against Toyota Motor Corporation, Toyota Motor Sales U.S.A. Inc. and Toyota Motor Manufacturing North America in the United States District Court for the Middle District of Florida, Tampa Division, on September 12, 2005, claiming infringement of a number of claims in Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of the technology in its Prius and Highlander Hybrid vehicles. On January 11, 2006, Solomon filed an additional complaint against Toyota with the United States International Trade Commission seeking to exclude importation of the infringing technology.
If Solomon is successful in its ITC action, Toyota could be prohibited from importing into the United States infringing combination motor and transmission systems and those products containing such systems, including the Toyota Prius and Highlander models.
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MARY4MONEY
806 posts
msg #46201
- Ignore MARY4MONEY |
8/5/2006 11:42:03 AM
February 8, 2006
News Release 06-012
Inv. No. 337-TA-561
Contact: Peg O'Laughlin, 202-205-1819
ITC INSTITUTES SECTION 337 INVESTIGATION ON CERTAIN COMBINATION MOTOR AND TRANSMISSION SYSTEMS AND DEVICES USED THEREIN, AND PRODUCTS CONTAINING SAME
The U.S. International Trade Commission (ITC) has voted to institute an investigation of certain combination motor and transmission systems and devices used therein, and products containing same. The products at issue in this investigation are used in electrically powered and hybrid powered vehicles and other products that include two electric motor-generator assemblies and a mechanical power transmission device.
The investigation is based on a complaint filed by Solomon Technologies, Inc., of Tarpon Springs, FL, on January 10, 2006, alleging violations of section 337 of the Tariff Act of 1930 in the importation into the United States, the sale for importation, and the sale within the United States after importation of certain combination motor and transmission systems and devices used therein, and products containing same, that infringe a patent owned by Solomon Technologies. A supplemental letter was filed on January 30, 2006. The complainant requests that the ITC issue an exclusion order and a permanent cease and desist order.
The ITC has identified the following as respondents in this investigation:
Toyota Motor Corporation of Japan;
Toyota Motor Manufacturing North America of Erlanger, KY; and
Toyota Motor Sales, U.S.A., Inc., of Torrance, CA.
By instituting this investigation (337-TA-561), the ITC has not yet made any decision on the merits of the case. The case will be referred to the Honorable Paul J. Luckern, an ITC administrative law judge, who will schedule and hold an evidentiary hearing. Judge Luckern will make an initial determination as to whether there is a violation of section 337; that initial determination is subject to review by the Commission.
The ITC will make a final determination in the investigation at the earliest practicable time. Within 45 days after institution of the investigation, the ITC will set a target date for completing the investigation. ITC remedial orders in section 337 cases are effective when issued and become final 60 days after issuance unless disapproved for policy reasons by the U.S. Trade Representative within that 60-day period.
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TheRumpledOne
6,411 posts
msg #46210
- Ignore TheRumpledOne |
8/5/2006 12:19:29 PM
Just look at the chart.
If it breaks the trendline (high to high) with volume, it could fly.
This is where trading skill comes into play.
Knowing when to enter and when to exit before getting trapped.
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