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John H. Ford
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For the past 30 years, I have been involved in startups, as a founder, and active investor. My first company was purchased by Johnson & Johnson, which set the foundation for future investments. My level of trading escalated after graduating from college, primarily as a result of my... More
  • Vringo/Google Settlement Likely 5 comments
    Oct 10, 2012 12:39 PM | about stocks: VRNG

    Google has accused Vringo of grossly overstating Google's revenue. This is an extremely defensive posture, and in my opinion, Google is admitting that it is going to ultimately pay Vringo, but it would like to do so on a lower revenue base. In other words, Google would not be "arguing down" it's revenue figure, unless serious negotiations were either happening now, or inevitable.

    I intend to maintain a long position as we approach the October 16 trial date.

    Disclosure: I am long VRNG.

    Stocks: VRNG
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Comments (5)
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  • Caprican
    , contributor
    Comments (7) | Send Message
     
    Bring back Oracle’s case, Google did exact same thing. They “bargained” down the damage figure before they start proceeding any further and the Judge agreed with them. This is just a similar strategic maneuver. Unfortunately for Google this time the Judge sided with the plaintiff. Settlement is very likely.
    10 Oct 2012, 02:20 PM Reply Like
  • mcconster8
    , contributor
    Comment (1) | Send Message
     
    I am in agreement with you. I believe Google is on a "slippery slope" here by saying their revenues are less than projected by Vringo. That could backfire and result in lack of confidence from their shareholders and cause further problems for them.
    10 Oct 2012, 02:34 PM Reply Like
  • scottmitchell
    , contributor
    Comments (2) | Send Message
     
    this has been some ride,just a little longer,then we can jump into dss they are going after facebook,then jump into wddd they are after activision..Go longgggg on all of the great $$$$$makers ,Thanks Scott
    10 Oct 2012, 02:35 PM Reply Like
  • jeppsensalt
    , contributor
    Comments (14) | Send Message
     
    I am not sure I agree. Wouldn't it be a good defensive maneuver whether they settle or not? In other words, wouldn't they want a lower revenue to base the damages calculation on if they lose at trial?
    10 Oct 2012, 03:15 PM Reply Like
  • drtradermike
    , contributor
    Comment (1) | Send Message
     
    Of all the pie in the sky garbage you have written. Finally something that is believable and somewhat accurate. Took you long enough but kudos for finally writing something that doesn't have PUMP all over it.
    10 Oct 2012, 03:21 PM Reply Like
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