Everspin Technologies Inc: Snaps two-day losing streak on patent agreement
12/08/2019 16:21
** Semiconductor co's shares MRAM.O up as much as ~15% at
$6.27 after intellectual property patent agreement with Seagate
Technology STX.O
** Stock breaks two-day losing streak and set for highest
one-day percentage gain in about two months, if gains hold
** Agreement includes assignment and licensing of
Magnetoresistive RAM patents from Seagate to co and licensing of
specific Tunneling Magnetoresistance patents from co to Seagate
urn:newsml:reuters.com:*:nBw43wVK3a
** Agreement includes patents from U.S., Japan, China and
South Korea
** Stock among top 5 percentage gainers on Nasdaq
** Stock now up ~10% YTD
(Reporting by Abhishek Manikandan in Bengaluru)
((Abhishek.Manikandan@thomsonreuters.com))