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Vringo (VRNG -4.2%) is one patent name that's actually selling off today. A critical article...
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Monday, August 27, 2012, 10:07 AM ETVringo (VRNG -4.2%) is one patent name that's actually selling off today. A critical article from SA's Modernist could be the reason why. The column notes Google might be able to get Vringo's lawsuit dismissed through a summary judgment that cites prior art. That would prevent the suit from being handled by a potentially sympathetic jury. (previous)
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This news story has 4 comments:
We know the head lawyer for Vringo is much smarter than this having beat RIMM in 2006 for over $600,000,000
Come on Seeking Alpha, up your editorial standards to prevent anonymous dumb losers with nothing new to say from posting!
Why not only ALLOW REAL PEOPLE to post?
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Article from Thomson Reuters:
Speculation that Vringo, Inc. (VRNG) will prevail in its patent infringement case against industry giant Google, Inc. (GOOG) may be more than just that. On Friday Apple, Inc. (AAPL) was awarded $1.05 billion from Samsung Electronics (SSNLF) in a patent win, with potential treble damages sought, and wide implications for the hand-held electronics market. In the ruthlessly competitive and highly litigious smartphone and mobile app markets, tiny Vringo will soon face Google over the claim that Google stole its patented expertise used in its search advertising technology, central to Google`s revenue base. Co-defendents are Google Inc. (GOOG), AOL, Inc. (AOL), IAC/InterActive Corp. (IACI), Target Corporation (TGT), and Gannett Co., Inc. (GCI) IAC/InterActive Corp., companies with market capitalization in the billions of dollars. Vringo has already received a favorable Markman ruling last June, a possible harbinger for the October trial. An interesting aspect of the Vringo claim against Google is that it does not involve simply features on a Smartphone, it is addressing a core technology - the search advertising business according to the complaint filed.