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

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

Delayed Quote. Delayed  - 09/23 05:31:07 pm
276.9 CHF   -0.50%
09/19 Briefly
09/15DJWatch Makers Feel Pain -- WSJ
09/14DJCartier Parent Richemont Warns on Profit After Slide in Sales -- ..
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 CEST
   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
09/19 Briefly
09/15DJWatch Makers Feel Pain -- WSJ
09/14DJCartier Parent Richemont Warns on Profit After Slide in Sales -- 5th Update
09/14DJCartier Parent Richemont Warns on Profit After Sales Slip
09/14DJCOMPAGNIE FINANCIERE RICHEMONT : Cartier-Parent Richemont Warns on Profit After ..
09/13 SWATCH : Longines where elegance meets equestrian sports
09/07 SWATCH : Global Outdoor Watch Market 2016 - Seiko, Casio, Rolex, Swatch Group, S..
09/05 SWATCH : Walter von Känel, president of Longines, on consolidating the brand
09/02 SWATCH : Tissot, this is your time Tissot Everytime
09/01 SWATCH : Tissot presents 'Le LocleRegulateur' to Sushant Singh Rajput
More news
Sector news : Apparel & Accessories - NEC
09/22 Macy's teams up with grooming services provider in beauty push
09/21DJInditex's Unique Fast-Fashion Model Delivers More Breakneck Growth
09/19 NIKE : Canadian smart sport bra maker gets $10 million to take on fitness giants
09/15 Weather exposes holes in H&M, Next clothing order chains
09/15DJH & M HENNES & MAURITZ : Hennes & Mauritz August Sales up 7% in Local Currencies
More sector news : Apparel & Accessories - NEC
News from SeekingAlpha
09/19 RICHEMONT : A Dark Hour For Watches
08/19 Tracking David Winters' Wintergreen Advisers Portfolio - Q2 2016 Update
08/16 Tracking Gardner Russo & Gardner Portfolio - Q2 2016 Update
07/21 Swatch Group AG ADR reports 1H16 results
07/21 WALL STREET BREAKFAST : ECB Holds First Meeting Since Brexit
Advertisement
Financials ( CHF)
Sales 2016 7 823 M
EBIT 2016 926 M
Net income 2016 667 M
Finance 2016 1 351 M
Yield 2016 2,49%
P/E ratio 2016 25,09
P/E ratio 2017 18,14
EV / Sales 2016 1,79x
EV / Sales 2017 1,83x
Capitalization 15 359 M
More Financials
Chart THE SWATCH GROUP SA
Duration : Period :
The Swatch Group SA Technical Analysis Chart | UHR | CH0012255151 | 4-Traders
Full-screen chart
Technical analysis trends THE SWATCH GROUP SA
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 263  CHF
Spread / Average Target -5,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Georges Nicolas Hayek Chairman-Management Board & Director
Nayla Hayek Chairman
Thierry Kenel Chief Financial Officer
Calogero Polizzi Chief Information Officer
Ernst Tanner Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
THE SWATCH GROUP SA-20.53%15 816
LVMH6.11%87 635
H & M HENNES & MAURITZ..-17.11%42 515
CHRISTIAN DIOR3.03%32 947
SAMSUNG C&T CORP--.--%25 274
VF CORP-8.51%23 619
More Results