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Adam Gill

 
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  • Why You Should Short Vringo Above $4 [View article]
    Why not do the math yourself based on primary sources? 3.5% of 20.9% of Google's US search profit is 157 million for ttm. Source: SEC filings and mathematics.
    Nov 20, 2012. 10:03 AM | 1 Like Like |Link to Comment
  • Judge Jackson's Ruling Is The Catalyst [View article]
    Because laches is not statutory, it is equitable.
    Nov 3, 2012. 10:28 AM | Likes Like |Link to Comment
  • Judge Jackson's Ruling Is The Catalyst [View article]
    OR, perhaps the judge's laches ruling was simply applying the law to the facts of the case. . .
    Nov 2, 2012. 11:06 AM | 2 Likes Like |Link to Comment
  • Potential Long-Term Value Of Vringo Is $100 A Share [View article]
    I think we are all being trolled here. There is no way this guy is serious. Congratulations Erik.
    Oct 30, 2012. 11:26 AM | Likes Like |Link to Comment
  • Potential Long-Term Value Of Vringo Is $100 A Share [View article]
    Erik, I have been a patent litigator for 10 years. There will not be an injunction in this case.

    You and anyone else who "invests" based on the possibility of an injunction deserve to lose all that money. I am not saying this to be mean or snarky, I am saying this because it is true.
    Oct 30, 2012. 11:22 AM | 4 Likes Like |Link to Comment
  • Potential Long-Term Value Of Vringo Is $100 A Share [View article]
    Willfulness has nothing to do with injunction, it is for multiplying damages.
    Oct 29, 2012. 06:48 PM | 1 Like Like |Link to Comment
  • Potential Long-Term Value Of Vringo Is $100 A Share [View article]
    You have no idea what you are talking about.

    It is not an on/off switch whether there is any competition, it is the extent to which they compete. They don't now, and they won't in a month when the judge issues a ruling on the injunction. Furthermore, they haven't developed a case supporting such a request, like expert testimony, and it is now way too late to even try. An injunction is not going to happen, and you do not make any sense.
    Oct 29, 2012. 06:47 PM | 1 Like Like |Link to Comment
  • Potential Long-Term Value Of Vringo Is $100 A Share [View article]
    Speculation based on incorrect assumptions.

    VRNG will not get an injunction against Google. There is almost no chance of this happening. VRNG does not compete with Google, an injunction would devastate Google, the public interest in keeping Google running is high in terms of end users and advertisers, and I have seen nothing to suggest that money is not a perfectly adequate remedy. These are important factors in the injunction analysis.

    Also, not that it matters much except for the competitive inquiry above, but VRNG is still an NPE with respect to the Lycos and Nokia patents. The "P" is for "practicing," as in, practicing the (Lycos or Nokia) patents. VRNG doesn't practice those patents as far as I can tell, which have nothing to do with ring tones.

    .
    Oct 29, 2012. 12:16 PM | 2 Likes Like |Link to Comment
  • Vringo Vs. Google: Vringo Executes A Pincer Movement [View article]
    In patent cases, the court can award the winning side its attorney fees if a case is deemed "exceptional." I have not looked into it in this case, but in following the docket and the reports, I have not seen anything that would indicate that this case will be deemed exceptional, with the exception perhaps of late produced information by GOOG. However that on its own is unlikely to make the case exceptional unless it is really bad.
    Oct 27, 2012. 10:57 PM | 1 Like Like |Link to Comment
  • Vringo Vs. Google: A Mid-Trial Report [View article]
    I generally agree. However, in this case, as a patent litigator I know that there are good counsel, experts and arguments on each side. The jury is a wild card in this kind of a case. So if in the abstract my statistical chance of success is 70%, and I see nothing to depart from the usual situation, I have a very rough idea of the chances of success - let's conservatively call them 50/50. An investor can buy call spreads for less than $1 that let them pick up the next $5 of upside. Because we're only looking at the next $5 in upside I don't need to worry whether the verdict will justify a crazy pps in the teens or twenties. So a 50/50 bet (using the term "bet" intentionally) with a 5 to 1 payoff. Simple way to look at risk/reward here.
    Oct 26, 2012. 03:45 PM | Likes Like |Link to Comment
  • Vringo Vs. Google: A Mid-Trial Report [View article]
    Steve, people have been throwing the 70% number around based on the patentee win rate at trial in the E.D.VA., as Legal Metric reports.
    Oct 25, 2012. 05:45 PM | Likes Like |Link to Comment
  • Why Hedge Funds Bought Vringo [View article]
    All noise, no signal.
    Oct 21, 2012. 06:36 AM | 1 Like Like |Link to Comment
  • Vringo Vs. Google: Judge Raymond Jackson [View instapost]
    First, thank you for all the good work Steve. It has been appreciated and helpful.

    It is not surprising that Google might alienate the judge. I am familiar with their counsel. Quinn Emanuel is very good, but they are not sympathetic.

    Steve, you made a comment on attorneys' fees. As you may know, the standard for awarding attorneys' fees in patent cases is the "exceptional case" standard. Is there anything that suggests to you that this case may rise to that level?
    Oct 19, 2012. 03:34 PM | Likes Like |Link to Comment
  • Vringo Vs. Google: Two Motions Denied Today [View instapost]
    Or you can buy a Feb. call spread and get the next $5 in upside for a buck. That's a pretty good bet. And I use the word "bet" intentionally.
    Oct 19, 2012. 12:39 PM | Likes Like |Link to Comment
  • World Of Worries Wednesday: How Many Ways Can We Say Recession? [View article]
    I wouldn't say that you are creating jobs, except for your deal lawyer and your banker. You're just buying a piece of the action, holding it while it grows, and cashing out. Kleiner Perkins and Sequoia did not create the jobs at Google, Sergey and Larry and the other employees did.

    About preferential tax treatment, it is incredible that this argument for preferential government treatment comes from the ultimate evangelists of capitalism and free markets; investors, VCs, Bankers. Give me a break - for the risks of company failure and illiquidity, you look to buy equity in a company at pennies on the dollar. If you are not good enough to do that without special help from the gov't, get more equity for your money, or go do something else. But I don't buy that your passive money should be looked upon more favorably by the government than the employees' work. If anything, the opposite should be true. Your money is fungible.




    Aug 23, 2012. 01:45 PM | Likes Like |Link to Comment
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