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Daniel B. Ravicher
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Daniel B. Ravicher is a registered patent attorney who frequently consults with investment banks, hedge funds, and individual investors on legal issues that may materially affect the value of publicly traded companies. In addition to private consulting, Mr. Ravicher also regularly publishes... More
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  • Vringo In Settlement Talks With Microsoft 4 comments
    Mar 28, 2013 3:11 PM | about stocks: FH, MSFT

    According to this endorsed letter, Vringo (VRNG) is in settlement discussions with Microsoft (NASDAQ:MSFT) regarding the patent infringement suit Vringo's subsidiary I/P Engine filed against MS recently.

    Disclosure: I am long VRNG.

    Stocks: FH, MSFT
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  • Dylan NYC
    , contributor
    Comments (45) | Send Message
    Microsoft, Vringo in Settlement Talks for Patent Suit




    By Ben Fox Rubin


    Microsoft Corp. (MSFT) is in talks with small technology firm Vringo Inc. (VRNG) to settle a patent suit Vringo filed against the tech giant earlier this year, according to a recently filed court document.


    Vringo, which focuses on mobile technology and intellectual property, sued Microsoft in January over its use of technology covered by the same two patents it referenced in a suit it won against Google Inc. (GOOG) and others last year.


    In a court document dated Wednesday, a pretrial conference for the Microsoft suit was postponed to June from April, after Vringo disclosed to the judge settlement discussions were taking place.


    Vringo declined to comment and a Microsoft representative wasn't immediately available for comment.


    Vringo's shares jumped 16% to $3.20, while Microsoft was up 0.3% to $28.45.


    Vringo had sued Google--the primary defendant--as well as AOL Inc. (AOL), IAC/InterActiveCorp. (IACI) and others, alleging infringement of two of its patents used to select and position advertising on Internet-search results. It won about $30 million in damages and was granted future royalties from the suit, which have been estimated to be valued at several hundreds of millions of dollars.


    That case remains in its post-trial phase. Google has suggested it will appeal, saying it would ultimately win the case.


    In the new suit, Vringo alleged Microsoft had willfully infringed the two patents with its search engine, Bing.com.


    Write to Ben Fox Rubin at ben.rubin@dowjones.com


    Subscribe to WSJ: http://on.wsj.com/RxYd1y


    (END) Dow Jones Newswires


    March 28, 2013 14:15 ET (18:15 GMT)


    Copyright (c) 2013 Dow Jones & Company, Inc
    28 Mar 2013, 03:30 PM Reply Like
  • trexia
    , contributor
    Comments (159) | Send Message
    Finally a (VRNG) Shorts Squeeze rally?!!! ... 15M shorted shares and ten days to cover !!! http://bit.ly/WZJFLg


    Adsearch patents on (YHOO) (GOOG) (FB) (MSFT) (AMZN) ?!!!
    28 Mar 2013, 06:50 PM Reply Like
  • stocktivity
    , contributor
    Comments (3) | Send Message
    Oh my! Well this came out of left field. Noe I wouldn't be surprised to see that case in Germany come to the settlement table. Google is too stubborn to settle but they already lost a jury trial and it's just a matter of time before the judge gives a final decision. What a shame for those long holders who got scared out in the past month on light volume. With the markets closed tomorrow for Good Friday, it's going to be a very long weekend for the shorts. I wouldn't be surprised to see a big gap up on Monday as shorts try to scramble out and those longs who sold try to buy back in before the next positive news hits. This establishes Vringo's validity. Oh My!!!
    29 Mar 2013, 01:45 AM Reply Like
  • jlf75
    , contributor
    Comments (161) | Send Message
    GOOG - D E N I E D! D E N I E D! 15 days, sound like a good title for a moive!
    3 Apr 2013, 05:50 PM Reply Like
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