Seeking Alpha

Vringo soars after court makes royalty ruling

The district court handling Vringo's (VRNG +6.4%) IP suit against Google, AOL, Target, IAC, and others has ruled Vringo is "entitled to an award of a post-judgement royalty."

The court adds "additional discovery and briefing is necessary to determine the precise nature of the royalty." A royalty rate base of 20.9% has been set.

Shares took off earlier this month thanks to a ruling stating Vringo is entitled to supplemental damages and pre-/post-judgment interest related to last November's infringement verdict.

Vringo spiked as high as $3.83 in response to today's ruling, but has since pared its gains.

From other sites
Comments (8)
  • sonicthoughts
    , contributor
    Comments (230) | Send Message
    A lot of pressure on GOOG to settle now. VRNG can demonstrate that the GOOG workaround is "coloring" . also will require GOOG expose details on current Adwords IP. Likely this will settle but not in short term. Extremely undervalued and highly manipulated stock.
    16 Aug 2013, 11:50 AM Reply Like
  • Revanche
    , contributor
    Comments (71) | Send Message
    This is coming from a Long, so batten your hatches, emotionally-invested traders:


    This large bump surprises me, were it to apply to any other equity I own. This is just a little bit more of a specific re-affirmation of the news put out in July, so it really appears to be a bump based on a simple balance of "is it good or bad news". It really isn't "strong evidence" Vringo has Google "up on the ropes"; it's news, albeit somewhat positive in nature.


    A large percentage of today's gains will melt away again over the time period between today's news release and the next one (whenever that may occur). Don't buy into it now because this is a sign of things to come, nor sell because this is a sign that the end is near. It


    Vringo has got to be the most emotionally charged equity I've involved myself in. Roughly the same amount of gains I expected to make 'quickly' 15 months ago, I've made in the last two months on the rest of my portfolio.


    I'm not recommending caution but awareness of each individual's own emotions when it comes to this Altucher-touched equity.
    16 Aug 2013, 12:08 PM Reply Like
  • WilScheung
    , contributor
    Comments (21) | Send Message
    Excellent comment!
    16 Aug 2013, 06:08 PM Reply Like
  • ekin09
    , contributor
    Comments (130) | Send Message
    Why are people selling off, this is just the beginning!
    16 Aug 2013, 12:43 PM Reply Like
  • Yorick
    , contributor
    Comments (603) | Send Message
    Google every week is more and more in a corner. Now they have to both show the secret sauce and show that it has MATERIALLY changed as to not still infringing. If it is clear they still are infringing, I think JJ quickly throws the book at them with a 7% punative ruling for lying. Regardless, today JJ corrected the jury error and the lost monies will come back in higher than 3.5% rate - either negotiated or purported by the court. Laches is wild card in negotiations for Google. Their lawyers have to know now what NOT settling can cost them which will be quite a bit. Expect things to move positively for VRNG quickly in the next 2 weeks.
    16 Aug 2013, 12:58 PM Reply Like
  • J.J. Cohen
    , contributor
    Comments (302) | Send Message
    Yorick - you are incorrect...if you read the ruling today, it states that VRNG is on the hook for proving there is no work around, NOT that GOOG is on the hook for showing there is one.
    16 Aug 2013, 02:31 PM Reply Like
  • WilScheung
    , contributor
    Comments (21) | Send Message
    I read the ruling. You evidently misunderstood it.
    11 Aug 2014, 05:49 PM Reply Like
  • damnfool
    , contributor
    Comments (23) | Send Message
    Yes and first Google must show what the workaround is and does. Then Vringo can demonstrate how it is in fact the same pig with some lipstick on it.
    Google is lying still. They lied before the trial, during the trial and now continue to do so. Not a big surprise at all. It will however be very costly for them in the end. The Jury found them guilty and the Judge has confirmed it. At least they will have to pay several hundred million based upon the current liability. But to say they have a workaround is highly suspect and probably an outright lie.
    That is what they have done to date and they are probably still doing it. I have no reason to believe otherwise. They have already shown their true colors. Their word means nothing!!!!
    18 Aug 2013, 05:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs