Market Currents
Vringo (VRNG +33%) skyrockets after the judge overseeing the company's legal battle with Google...
-
Wednesday, October 3, 2012, 12:59 PM ETVringo (VRNG +33%) skyrockets after the judge overseeing the company's legal battle with Google (GOOG) denies Google's request for a summary judgment, and orders the companies to engage in settlement talks on Oct. 9. Barring a settlement, a trial is set to begin on Oct. 16. Many SA writers have been discussing Vringo/Google in recent weeks.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 8 comments:
WHAT GREAT NEWS!!!!!!!!!
Much of the content of the legal arguments contained in GOOGLE's Motions For Summary Judgment is the crux of the legal arguments that GOOGLE will present in court -- the backbone of their defense. Since the judge has determined that the Motions are without merit leaves GOOGLE in an extremely weak position.
The handwriting is on the wall.
Vringo's position has now been immeasurably strengthened, and the chances are that there will be a lucrative settlement. Under the current circumstances, GOOGLE dares not go to trial and risk the serious ramifications that would follow, not only as it concerns the monetary award but the adverse effect on the core of their business..
Yes I am long VRNG at $2.97 :-)
you win some you lose some...take a look at SRPT...bought that last month @ $13.75 (1000 shares) and sold out 5 days later @ $14.75 for a quick $1k profit... up to $41.80 today!!
But you live to trade another day :-)