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Technology Stocks : Microsoft: The Devices and Consumer Segment
MSFT 454.06+0.1%3:59 PM EDT

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From: Sr K2/5/2016 6:52:10 PM
   of 154
In news article about GoPro:

Microsoft Corp. (MSFT) said Friday that it has struck a patent-licensing deal with GoPro Inc.(GPRO) that will cover file-storage technology.

GoPro (GPRO) shares, which have been battered this week and in recent months, added 6.2% in after-hours trading to $10.58 a share. Microsoft (MSFT) shares ticked up 0.2%.

The patent-licensing agreement comes just days after GoPro (GPRO) reported weak fourth-quarter earnings, fueling concerns about the health of its core business selling wearable cameras.

The deal with Microsoft (MSFT) will cover certain file-storage and system technologies.

Nick Psyhogeos, president of Microsoft's (MSFT) patent business, said the company is seeing strong demand from the wearable technologies it has already licensed. Microsoft (MSFT) didn't provide further detail on the agreement.
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