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Vringo (VRNG -1%) has resumed trading following its legal win (I, II) against Google, which...
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Tuesday, November 6, 2012, 2:50 PM ETVringo (VRNG -1%) has resumed trading following its legal win (I, II) against Google, which featured a smaller damage award than some were hoping for. Shares are volatile once again, spiking above and below breakeven. In a PR detailing the verdict, Vringo notes prior art arguments were rejected, and that a "running royalty" of 3.5% on Google AdWords revenue (subject to a judge's review) has been recommended.
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This news story has 8 comments:
Nok patients
Good question.
It appears that the market is awaiting the Judge's pronouncement. A total $ figure will be calculated, and the stock and warrant prices will react accordingly.
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I don't know why people discount a takeout of VRNG by another company with deeper pockets.