Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Delayed Quote. Delayed  - 12/02 05:31:17 pm
298 CHF   +0.27%
11/14 COMPAGNIE FINAN : Latest layoffs could bring Richemont job cuts sinc..
10/27 SWATCH : Statement
10/14 SWATCH : Omega keeps things ticking
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
0
04/16/2012 | 09:30pm CET
   By Brent Kendall 
   Of  
 

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
0
Latest news on THE SWATCH GROUP SA
11/27 GLORIA ETERNA A FIDEL : Silvio Rodríguez
11/14 COMPAGNIE FINANCIERE RICHEMONT : Latest layoffs could bring Richemont job cuts s..
10/27 SWATCH : Statement
10/14 SWATCH : Omega keeps things ticking
10/14 Omega keeps things ticking
10/06 SWATCH : Patent Issued for Bracelet Clasp (USPTO 9451812)
10/06DJSwiss Consumer Prices Fall Again in September
10/03 ميدو س : «فريد» م..
10/03 Luxury watchmaker knows what makes it tick
09/26 SWATCH : ¿Sabes que el Universo tiene olores?
More news
Sector news : Apparel & Accessories - NEC
12/02DJAsics Reaches Sponsorship Deal With Global Track Federation
12/01DJAdidas Plots for More Gains in U.S.
12/01DJADIDAS : Plots for More Gains in U.S.
11/29 TIFFANY : Jeweller Tiffany posts first sales rise in eight quarters
11/28DJUnder Armour Changes Symbols for Share Classes
More sector news : Apparel & Accessories - NEC
News from SeekingAlpha
11/30 Tracking Gardner Russo & Gardner Portfolio - Q3 2016 Update
11/19 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2016 Update
10/20 FOSSIL : More Than 40% Upside Triggered By Wearables
09/19 RICHEMONT : A Dark Hour For Watches
08/19 Tracking David Winters' Wintergreen Advisers Portfolio - Q2 2016 Update
Advertisement
Financials ( CHF)
Sales 2016 7 800 M
EBIT 2016 910 M
Net income 2016 655 M
Finance 2016 1 322 M
Yield 2016 2,32%
P/E ratio 2016 27,64
P/E ratio 2017 19,75
EV / Sales 2016 1,94x
EV / Sales 2017 1,98x
Capitalization 16 451 M
More Financials
Chart THE SWATCH GROUP SA
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
TrendsBearishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 268  CHF
Spread / Average Target -10,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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$)
THE SWATCH GROUP SA-14.91%16 269
LVMH16.74%91 431
H & M HENNES & MAURITZ..-11.92%41 913
CHRISTIAN DIOR18.02%35 773
VF CORP-12.43%23 081
UNDER ARMOUR INC-25.49%12 001
More Results