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    UHR   CH0012255151

THE SWATCH GROUP (UHR)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
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; [email protected] 
 

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THE SWATCH GROUP
12/06 SWATCH : US viewers plunge for World Cup draw without American team
12/06 'Swiss-made' label lacks precision for watch industry
11/08 SWATCH : El Super Bowl LII de 2018 ya tiene quien lo transmita en español por TV
10/08DJAmazon Has a Luxury Problem
09/24 SWATCH : Fiorentino 60th Anniversary
09/22 SWATCH : OMEGA becomes the Official Timekeeper of the Volvo Ocean Race
09/13 Apple suppliers dent European shares as rally flags
09/13 Richemont takes time to find new leader for watch business
08/22 GLOBAL BUTTON CELL MARKET RESEARCH R : Sony, Maxell (Hitachi), Panasonic, Renata..
08/10 SWATCH : Patent Issued for Chronometer with Speed Selector (USPTO 9720379)
More news
News from SeekingAlpha
12/05 Ways To Play A Potential Recovery In Swiss Watch Demand
11/24 Tracking Gardner Russo & Gardner Portfolio - Q3 2017 Update
08/23 Tracking Gardner Russo & Gardner Portfolio - Q2 2017 Update
07/21 Swatch Group AG ADR reports 1H results
06/30 RICHEMONT : Short-Term Pain For Long-Term Gain?
Financials ( CHF)
Sales 2017 7 809 M
EBIT 2017 974 M
Net income 2017 695 M
Finance 2017 1 252 M
Yield 2017 1,85%
P/E ratio 2017 27,94
P/E ratio 2018 22,34
EV / Sales 2017 2,50x
EV / Sales 2018 2,36x
Capitalization 20 785 M
Chart THE SWATCH GROUP
Duration : Period :
The Swatch Group Technical Analysis Chart | UHR | CH0012255151 | 4-Traders
Technical analysis trends THE SWATCH GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 374  CHF
Spread / Average Target -2,2%
EPS Revisions
Managers
NameTitle
Georges Nicolas Hayek Chairman-Management Board & Director
Nayla Hayek Chairman
Thierry Kenel Chief Financial Officer & Member-Executive Board
Calogero Polizzi Head-Information Technology
Ernst Tanner Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
THE SWATCH GROUP17.87%21 101
LVMH MOËT HENNESSY VUITTON SE35.72%148 059
CHRISTIAN DIOR SE52.10%64 740
HENNES & MAURITZ-21.74%35 168
VF CORP37.49%28 870
PVH CORP50.04%10 202