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Atlas Shrugged

 
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  • Vringo Vs. Google: Why The Underdog Will Come Out On Top [View article]
    Inv Mex, I submitted the article last week before Google's earnings, and it was published today. I am in the process of composing my thoughts on the events since then and a model for VRNG's value.
    Oct 22 03:11 PM | 1 Like Like |Link to Comment
  • Vringo Vs. Google: Why The Underdog Will Come Out On Top [View article]
    Beyond dreams, you're spot on, especially given the recent Vringo purchase of Nokia patents, which included a profit royalty of 35% to Nokia of any revenue in excess of the $22m purchase price. If Vringo wins or settles, it will provide the company's legal team significant leverage in monetizing the patents it acquired from Nokia.

    In terms of Nokia, the company already successfully monetizes its patent portfolio (to the tune of around EUR 500-600 million this year). I completed my analysis on Nokia last month and will update it for Seeking Alpha this week.
    Oct 22 02:57 PM | Likes Like |Link to Comment
  • Vringo Vs. Google: Why The Underdog Will Come Out On Top [View article]
    James, the appeal process for Eastern Virginia Federal Court patent cases occurs in the Federal District. An article on Foss Patents (http://bit.ly/VkdL7s) discusses how the Federal Circuit sped up the appeals process between Apple and Samsung. I think that given the significant implications of this trial on future patent litigation, it might receive a similar tailwind if it ends up in the appeals process. The other thing to keep in mind as an investor is that the market prices in expectation - if the jury awards Vringo damages, the market would price in the expected value of those damages into the stock price, whether or not they are paid immediately.
    Oct 22 02:47 PM | 4 Likes Like |Link to Comment
  • Vringo Vs. Google: Why The Underdog Will Come Out On Top [View article]
    Thanks vito. To your first question, the overall success rate is much lower because it includes all patent cases that were thrown out during Summary Judgement, a bar that Vringo already passed. Once a case passes Summary Judgment and the court finds that there are material facts in dispute, the success rate of cases actually brought to trial is considerably higher (63-64% in the Eastern Virginia Federal Court).

    Regarding your second question, the median award in patent cases in the Eastern Virginia Federal District is the highest in the country - $36 million. This, along with its nature as a rocket docket, explains why Vringo brought the case in the district. Below is the chart from PwC's 2012 litigation study:

    http://bit.ly/RdwwLH
    Oct 22 02:29 PM | Likes Like |Link to Comment
  • Vringo Vs. Google: Why The Underdog Will Come Out On Top [View article]
    I'd rather read an article by someone who some skin in the game - sharing my analysis on a stock that I hold a position in is not akin to pumping it.
    Oct 22 02:01 PM | 13 Likes Like |Link to Comment
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