Smith Micro Stock Up on E-Mail Patent News
Times Staff and Dow Jones
Shares of Smith Micro Software Inc. shot up 23.5% Wednesday after the Aliso Viejo Internet communications software company said that it had received a patent covering a video e-mail system.
Smith Micro said in its press release that the patent on techniques for generating and playing encoded video, audio and text sequences sent as e-mail over the Net is particularly important to the wireless market, where bandwidth is at a premium.
The company’s shares gained $4.50 to close at $23.63 a share in Nasdaq trading.
