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Mark Cuban, who has called U.S. patent law "horrific," tells Forbes he bought a 7.4% stake in IP...

Mark Cuban, who has called U.S. patent law "horrific," tells Forbes he bought a 7.4% stake in IP owner Vringo (VRNG +0.8%) as a hedge against the patent risk faced by other companies he has invested in. Vringo is in the process of merging with patent troll Innovate/Protect, which last year filed suit against Google, AOL, and others for alleged infringement. (also)
Comments (2)
  • blueguy19
    , contributor
    Comments (27) | Send Message
     
    He has already made 33% on his investment. ACE.
    17 Apr 2012, 10:45 AM Reply Like
  • NICK LIBRIZZI
    , contributor
    Comments (19) | Send Message
     
    They also have there own patents other then the ones from i/p________________
    “Vringo, Inc.(VRNG) has the patented VringForward technology that ALL Cellular Telecommunications Carriers need embeded into Smartphones & Tablet PC’s. The patented VringForward technology is also desired as essential for Social Media Internet Companies such as FACEBOOK, GOOGLE, & APPLE to name a few on the shortlist. Vringo, Inc. holds a substantial advantage as they alone are the only company capable of offering this technology to the vast network of businesses going forward due to the exclusive competitive advantage of having the only technology available to offer the technology and the array of other cross platform patenteted technologies that work with and compliment VringForward. Vringo, Inc. is in a desireable position at this time as the vast customer base consists to billions of endusers of Smartphones/Tablet PC’s, Cellular Carriers, & Social Media Internet Sites that will be the expected standards. Any one of the Companies such as FACEBOOK for example would have a huge competitive advantage to its competitors if they were able to secure Vringo, Inc.’s Patents through a buyout of the company could use the technologies for itself and keep the patented technologies out of its competitors platforms and leaving them years behind in the dust grabbing marketshare from these competitors. Vringo, Inc. also has the luxury of Price Control as it has the sole technologies that have patent protection allowing for substantial profitability if it stays the set business plan leasing the technologies to the massive Live Video Over Internet markets or if a single Social Media Company such as FACEBOOK would trigger a wave of Bids from other Companies as a form of need for the technologies as a sole purpose of Customer Retention & Future Growth. If Vringo, Inc. were to sell to the highest bidder the offers could reach into the Hundreds of Millions to Billions due to the Cash Rich Companies that would be willing to Bid whatever it takes to have Propritary Ownership & the Exclusive use of the Needed Patented Technologies. Vringo, Inc. is priced cheap in The Market with a sub $100 Million Dollar Market Cap and a Small Outstanding & Issued Share Structure making Vringo, Inc. (VRNG) a “STRONG BUY” that presents the opportunity for “STELLAR UPSIDE RETURNS” with “MINNIMAL TO LOW RISK” given the known facts.”
    17 Apr 2012, 04:58 PM Reply Like
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