Home THE DAILY EDGE Business Trek +6.0% on trademark news; Kneejerk move: Analyst
Trek +6.0% on trademark news; Kneejerk move: Analyst
Written by Dow Jones & Co, Inc   
Tuesday, 07 December 2010 14:38
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Trek +6.0% on trademark news; Kneejerk move: Analyst
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Trek 2000 International (5AB.SG) surges, +6.0% at $0.440 vs flat at $0.415 midday after it says won ruling in US court that ThumbDrive trademark entitled to full registration with US Patent and Trademark Office; means Trek world’s only manufacturer that can sell flash drives under ThumbDrive brand.

But analyst at local brokerage says knee-jerk gain may be down to confusion over Trek’s statement; “some people may be thinking the company will get damages based on this, but it’s not a patent (on technology), just a trademark.”

Says decision “a paper victory at best, they’re saying it will increase the public’s awareness of Thumbdrive, but it’s as generic as Scotch Tape these days.”



Last Updated on Tuesday, 07 December 2010 14:38