What's up at Certicom?
News out this morning that Certicom (CIC:TSX) has parted ways with its CEO. Now, given the success that Wi-LAN (WIN:TSX) has had with its patent portfolio (stock is up 6x in a couple of years) under that firm’s new leadership, it may not come as a surprise that CIC had to make a change.
What is a surprise is that the very press release describing the CEO departure also mentioned the engagement of two patent law firms and the desire to “vigorously defend our patent portfolio”:
The Company also announced that it has retained the Fish & Neave Intellectual Property Group of U.S.-based law firm Ropes & Gray and Kasowitz Benson Torres & Friedman LLC, also U.S.-based, to advise the Company in these matters.
Odd, isn’t it, to refer to such actions in the same release as one discussing a CEO departure.
Unless, perhaps, it is relevant to the story. Hopefully one of the research analysts will delve into that this am on the call.