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 […]
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.
