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  • Vringo, Inc. And Worlds, Inc. Reflections On Events- Feb 16, 2015

    We've made important observations about these two patent assertion entities on various blog outlets and I'd like to mention a few items.

    In the Vringo (NASDAQ:VRNG) case many are wondering why ZTE is challenging the effected patents by filing the USPTO reexamination action. Vringo has filed no Patent Infringement Markman Hearing in the USA, therefore why should ZTE move for immediate reexamination? Its all about FRAND. Having won litigation in the United Kingdom and Romania, Brazil (injunctions) ZTE realizes the Global License under FRAND terms is what lies at the end of the road, and they want this road to be short. Therefore filing the USPTO action makes sense as a ruling of invalidation by the USPTO would eliminate the need of being committed to US royalties, per the Global license. There are limits to what kind of Royalties would be beyond FRAND terms, and its best for Vringo to be careful as ZTE has already filed anti-trust action in Europe.

    The simple solution today is for ZTE to agree to a Global license with repayment terms in those countries that ZTE prevails in patent reexamination or litigation. The larger question is whether Vringo has denied that request?

    Worlds, Inc. (OTCQB:WDDD) continues to await a Markman Hearing result in Mass Federal Court. Federal Judge Denise Caspar heard the Markman in October of 2014, but unlike some of her contemporaries Judge Caspar is not known for her turnaround times. Just last week Worlds filed to included "sealed court records" disclosing Worlds proprietary "source code" related to its patents. This comes on the heels of Worlds Attorney physical inspection January 9, 2015 of all relevant Activision Blizzard Source code. Not coincidental is the followup filing that Activision Blizzard's various other titles, and associated revenues be amended into Worlds Patent infringement lawsuit. By all accounts it appears the contested source code was a "match" for litigation purposes.

    Tags: VRNG, WDDD
    Feb 16 4:41 PM | Link | 44 Comments
  • Vringo Non-Disclosure Lawsuit V. ZTE Could Pack Exponential Damages

    Vringo (NASDAQ:VRNG) having won a string of victories may have finally boxed ZTE into a corner with little hope of escape. Just last week Vringo won a key injunction to halt all ZTE Smartphone and Infrastructure sales in Romania. ZTE assembles smartphones in Romania, designed in part to avoid EU import taxes, and in November of last agreed to invest upgrades of $100 million. Late Friday with no notice to Vringo, ZTE filed a TRO(injunction) in Delaware Federal Court seeking to halt Vringo from completing the deposit required to initiate the won injunction.

    Vringo attorneys immediately issued a letter to the presiding Federal Judge in Delaware who most certainly was unaware of Vringo's pending lawsuit in New York, concerning ZTE's violation of an NDA between the parties. Prior to Fridays filing the matter expressed between the parties was strictly speaking a European matter, exclusive of the NDA.

    It now appears Vringo, who was "slow rolling" the Romania cash deposit, may have done so to provoke ZTE into filing a FRAND lawsuit here in the United States. Noteworthy at the previous NDA hearing 6 months ago ZTE claimed Vringo could not prove damages concerning ZTE's admitted violation.

    It now appears that Vringo may have strategically aligned these series of events to advance not only a ZTE Frand settlement, concerning Vringo's 3G 4G LTE wireless patents, but a far reaching NDA lawsuit affecting the entire smartphone industry.

    These events are happening real-time and investors need to be aware of their positions and monitor the ongoing events daily.

    Vringos' Response to the late Friday TRO (posted after I wrote my instablog)

    Tags: VRNG, ZTCOY
    Feb 09 4:31 PM | Link | 9 Comments
  • Vringo; Great IP, Poor Management

    Let me start by saying I believe in Vringo's (NASDAQ:VRNG) Intellectual Property and its ability to reach eventual monetization. However Management has not demonstrated the fiscal conservatism necessary in my opinion to maintain this enterprise for the long run.

    Vringo continues on a path of excessive leases, expenses, salaries and consulting arrangements all at the expense of the stockholder. Management has been made aware of my groups concern over this matter but the recent changes made at Vringo fail to change the overall direction of the fiscal attitudes that have dominated this company.

    While we value the IP of Vringo, there are far to many PAE's (Patent Assertion Entities) such as Worlds, Inc.(OTCQB:WDDD) that demonstrate strategies of capital conservatism in the litigious world of patent assertion.

    For this reason my group cannot continue to remain investors. As always should management make timely changes to demonstrate a wiser financial strategy we will reconsider the investment.

    Tags: VRNG, WDDD
    Dec 29 2:43 PM | Link | 23 Comments
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  • $WDDD $VRNG Congrats to Thom Kidrin CEO Worlds for a great Markman Win. WDDD its all about Multiplayer Connection and owning that IP space
    4 days ago
  • $VRNG Correction: Extension was filed on Vringo(I/P Engine) v. Google. My error
    Mar 6, 2015
  • $VRNG $GOOG Expecting Vringos' Writ of certiorari before the Supreme Court- filing possibly today. Re: Vringo (I/P engine) v. Google et al
    Mar 6, 2015
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