Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  The Swatch Group SA    UHR   CH0012255151

News SummaryMost relevantAll newsSector newsTweets 

Supreme Court To Weigh Copyright Case On Resale Of Foreign-Made Goods

share with twitter share with LinkedIn share with facebook
share via e-mail
04/16/2012 | 09:30pm CET
   By Brent Kendall 

The Supreme Court agreed Monday to hear a copyright infringement case involving resold textbooks that could have significant implications for discount stores and other vendors that resell foreign-made goods.

At issue are lower court rulings that found an entrepreneurial college student liable for copyright infringement for reselling foreign-edition textbooks on eBay. Supap Kirtsaeng asked friends and family in Thailand to buy copies of the textbooks, where they were cheaper. He says he resold them in the U.S. and used the profits to help pay for his U.S. education.

Textbook publisher John Wiley & Sons Inc. sued Kirtsaeng and won a $600,000 copyright infringement judgment against him. Courts rejected Kirtsaeng's defense that he was protected by the "first-sale" rule in U.S. copyright law, which generally holds that a manufacturer can't restrict the resale of a product once it has sold the product a first time.

Wiley said it never authorized the foreign-edition copies to be sold in the U.S.

An appeals court said that first-sale rule didn't apply to goods that were produced outside the U.S. The Supreme Court will review that ruling, marking the second time in recent years the high court has tried to resolve this issue.

The justices split 4-4 on the legal question in a 2010 case involving Costco Wholesale Corp. The tie was possible because Justice Elena Kagan was recused in the case, having worked on it while she served as U.S. solicitor general.

In that case, Omega SA, a unit of The Swatch Group, alleged that Costco violated U.S. copyright law by selling Omega Seamaster watches it obtained from third parties who had imported them into the U.S.

Amazon.com Inc., Target Corp., Google Inc., eBay and various retailing groups filed briefs supporting Costco, warning that Omega's position could threaten companies that resell foreign-made goods and lead to higher prices for consumers. Retailers noted that many products they sell are first produced and procured from abroad.

The software, publishing, movie and music industries, seeking to protect the strength of their own U.S. copyrights, filed legal briefs supporting Omega in that case.

All nine justices are participating in the textbook case. Ebay and a trade group of retailers again filed briefs with the Supreme Court, urging the justices to hear the student's appeal.

The case is Kirtsaeng v. John Wiley & Sons, 11-697. Oral arguments will take place in the fall.

   -By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com 

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on THE SWATCH GROUP SA
01/20 MIDO 2017 : Evonik presents TROGAMID for more freedom of design in optical appli..
01/18 SWATCH : MIDO 2017, Evonik presents TROGAMID for more freedom of design in optic..
01/18 SWATCH : Watchmaker brings delicate skills to Uniontown
01/18 MIDO 2017 : Evonik presents TROGAMID for more freedom of design in optical appli..
01/12 SWATCH : Patent Issued for Device for Securing a Timepiece Dial (USPTO 9535403)
01/12 Fiat Chrysler leads European shares lower on emissions accusations
01/12 European shares down, health care sector weighs
01/11 SWATCH : #speedytuesday sells at record speed!
2016 SWATCH : New strategy queried as investors call time on Swatch
2016 Watchmaker Swatch goes into car batteries as investors question strategy
More news
Sector news : Apparel & Accessories - NEC
01/17 Zalando plans Nordics base to speed deliveries as sales disappoint
01/16 Hugo Boss gets boost from sales rise in China, UK
01/16DJBURBERRY GROUP : Marco Gobbetti to Take on CEO Role in July
01/16 H & M HENNES & MAURITZ : &M montly sales growt 6 percent, lagging forecasts
01/15DJLVMH : To Win Back Customers, Fashion House Fendi Thinks Small
More sector news : Apparel & Accessories - NEC
News from SeekingAlpha
2016 T-Rail Positions For 2018
2016 FOSSIL : Still Not Compelling, 2017 Expectations Too High
2016 Tracking Gardner Russo & Gardner Portfolio - Q3 2016 Update
2016 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2016 Update
2016 FOSSIL : More Than 40% Upside Triggered By Wearables
Financials ( CHF)
Sales 2016 7 777 M
EBIT 2016 884 M
Net income 2016 643 M
Finance 2016 1 372 M
Yield 2016 1,98%
P/E ratio 2016 27,89
P/E ratio 2017 22,73
EV / Sales 2016 2,26x
EV / Sales 2017 2,24x
Capitalization 18 968 M
More Financials
Duration : Period :
The Swatch Group SA Technical Analysis Chart | UHR | CH0012255151 | 4-Traders
Full-screen chart
Technical analysis trends THE SWATCH GROUP SA
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 31
Average target price 290  CHF
Spread / Average Target -16%
Consensus details
EPS Revisions
More Estimates Revisions
Georges Nicolas Hayek Chairman-Management Board & Director
Nayla Hayek Chairman
Thierry Kenel Chief Financial Officer
Calogero Polizzi Chief Information Officer
Ernst Tanner Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LVMH5.26%103 605
H & M HENNES & MAURITZ..-3.08%39 914
VF CORP-2.81%21 451
UNDER ARMOUR INC-0.10%11 866
More Results