Tuesday, June 19, 2012

Like a Gang of Clowns in a Pie Shop: "Monsanto sues rival DuPont for copycat seed technology" (MON; DD)

Gleefully purloining Tim Annett's magnificent description* of loser brokers downgrading loser brokers, we present, from Reuters:
Monsanto claims DuPont copied "seed chipping" tool
Monsanto, the world's largest seed company, is suing chief rival DuPont, accusing DuPont and its agricultural crop subsidiary of treading on Monsanto's technological turf by copying key new plant breeding innovations.

Monsanto's suit claims that a "seed chipping" invention, which it unveiled in 2007 as a way to speed up plant breeding, has been duplicated by DuPont in a "laser-assisted seed selection" tool introduced in 2008. Monsanto claims its business is suffering "irreparable harm" as a result.

DuPont spokesman Dan Turner said the lawsuit was "without merit."

"Monsanto continues to use litigation in an attempt to limit Pioneer from being an effective competitor," he said. "This tactic has not worked in previous cases, and it will not work in this matter."...MORE
*Mr. Annett was an uncontested Climateer 'Line of the Day' winner 27Sep07:

Speaking of the WSJ's Blog Empire (see below), Tim Annett posting at MarketBeat was yesterday's winner with a walk-off home run*:

Like a gang of clowns in a pie shop, Wall Street brokerages had a merry old time slapping one another with various downgrades, earnings-estimate parings and price-target reductions in the lead-up to their recent earnings announcements....
*From Wikipedia:
In baseball, a walk-off home run is a home run which ends the game. It must be a home run that gives the home team the lead in the bottom of the final inning of the game...
and is a lock inductee into the Climateer 'Line of the Day' Hall of Fame.
(should we ever get around to creating it)