Sign up for our newsletter
Technology / AI and automation

SM SHARES RECOVER AFTER PIRACY CLAIMS

SM Summit Holdings Ltd, the Singapore compact disk company, saw its shares recover by 15% to the equivalent of $0.50 after a 37% plunge last week on allegations that it was involved in software piracy (CI No 3,226). Microsoft Corp, industry watchdog Business Software Alliance and other US software companies are suing SM for piracy but, as SM is a contractor which does not market the disks it produces, brokers believe that its long-term business may be unaffected by the action.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.