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More on Vringo-Google: Of the $30M awarded to Vringo (VRNG), Google (GOOG) is ordered to pay...
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Tuesday, November 6, 2012, 2:10 PM ETMore on Vringo-Google: Of the $30M awarded to Vringo (VRNG), Google (GOOG) is ordered to pay $15.9M, AOL $7.9M, and InterActiveCorp $6.6M. Target and Gannett owe pocket change. Though the jury has ruled Google owes Vringo royalties, the final decision on royalty rates rests with the judge. Vringo was originally seeking nearly $500M in damages. Shares still halted.
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I am very happy about the verdict. The 3.5% running royalty is the big prize here. Remember, if we got $100M past damages and no running royalty, we would be licking our wounds. The running royalty (in whatever amount ultimately set by the Judge, who has to be influenced by the jury's 3.5% finding) is what give us a share of Google's future ad revenues until the patent expires. Don't worry about workarounds yet, we are primarily concerned with price in the short/intermediate term for the moment. I think if Google had a workaround ready, they would have dropped it on Vringo already, during the trial.
I think the past damage number of $30M vs. the $100M hoped for is not that relevant, frankly. The future damages are the key here.
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