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NEON has a portfolio of touch screen solutions and patents. |
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Released on Thursday, June 14, 2012, 9:15 AM ET
Pittsburgh, PA (SpeculatingStocks) - Neonode (NASDAQ:NEON) is an interesting situation that has started to receive a lot of attention during the last couple of weeks. Since mid-April, NEON has moved up from around $3.00 to now over $6.00 with a current price of $6.18.
The company is involved in providing touch screen solutions for handheld and small to midsized consumer and industrial electronic devices. Their technology is known as zForce® MultiSensing Touch Technology. NEON dubs the technology as unequalled and award-winning.
As it has come to the surface, this technology was created by NEON three years before the Apple (NASDAQ:AAPL) iPhone was released. NEON is holding some strong patents in the space and it could potentially be an acquisition candidate. AAPL is suing Samsung over their swipe technology.
Smart phone patents are very important and NEON stock can move on this alone. Google, Apple, and Microsoft are all fighting it out over patents related to smart phones. Clearly, NEON is sitting pretty right now and its stock is reflecting that with NEON continuing to hit new 52-week highs.
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