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ParkerVision (PRKR) Stock Spikes on Samsung License, Settlement Deal

NEW YORK (TheStreet) -- Shares of ParkerVision (PRKR) are soaring 62.34% to $5.73 on heavy trading volume Monday morning after the radio-frequency technology company agreed to settle a patent suit with Samsung (SSNLF) for the license of its current patent portfolio.

"Samsung is a world leader in technology and innovation, and we are pleased to welcome Samsung as a licensee of our technologies and to dismiss the outstanding litigation between the parties," CEO Jeffrey Parker said in a statement.

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