Vringo agrees to purchase over 500 worldwide patents from Nokia. "The portfolio encompasses a...


Vringo agrees to purchase over 500 worldwide patents from Nokia. "The portfolio encompasses a broad range of technologies ... 31 of the 124 patent families acquired have been declared essential by Nokia to wireless communications standards." VRNG +6.4%, NOK +5.2% premarket. (NOK earlier) (PR)

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Comments (13)
  • stealthology
    , contributor
    Comments (385) | Send Message
     
    Hmm. So what % of patents did Nokia just sell? Anyone know?
    9 Aug 2012, 08:39 AM Reply Like
  • WhatdoIknow1
    , contributor
    Comments (652) | Send Message
     
    5%
    9 Aug 2012, 10:30 AM Reply Like
  • barcaboyvn
    , contributor
    Comments (276) | Send Message
     
    NOK has 30 000 patents, so 500 is about 1.5%. The thing is this is not a complete selling. NOK has 22M up front AND 33% of the royalties. If the patents got sold again, NOK will have more money from that deal...

     

    So I really hope Vringo can really make money on those patents because the more Vringo makes, the more NOK makes, at the end of the day, everyone is happy!

     

    I am long NOK at average of 3.12, still holding loss but looking more promising now!
    9 Aug 2012, 10:38 AM Reply Like
  • WhatdoIknow1
    , contributor
    Comments (652) | Send Message
     
    Sorry, I read 10000 and based my math on that.
    9 Aug 2012, 11:11 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    http://on.mktw.net/Q507o8
    9 Aug 2012, 08:43 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    more details on the transaction. Nokia will get royalties and will be licensed to use those patents. http://tnw.co/OWNZEl

     

    smart move Nokia another 22 million in the bank
    9 Aug 2012, 08:46 AM Reply Like
  • NIKKG
    , contributor
    Comments (115) | Send Message
     
    I'm telling you, that Elop is good. He's making moves and he's getting more press for Nokia recently that the past 5 years before him.
    9 Aug 2012, 08:49 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    yeah, patents are worth nothing by itself. Why let them collect dust. I hope there will be many more of these deals
    9 Aug 2012, 08:54 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1056) | Send Message
     
    Nokia Thunderstorm

     

    http://bit.ly/QIFnnT
    9 Aug 2012, 09:08 AM Reply Like
  • NIKKG
    , contributor
    Comments (115) | Send Message
     
    So far just with the pre-market trading i'm up 6000. Come on baby, beat that 3 dollar mark!
    9 Aug 2012, 09:13 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    no no... do not even try to approach $3 dollars until after august 18. I want my 3 put contracts assigned to me.
    9 Aug 2012, 09:18 AM Reply Like
  • NIKKG
    , contributor
    Comments (115) | Send Message
     
    Leon, you gonna be in trouble than, there is no way that stock is gonna still be under 3 when in less than a month they announce their WP8 phones on Sept 5.
    9 Aug 2012, 09:31 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    actually, I will win either way. I will keep the $251 in option premium if the stock goes over $3 or I get to buy 300 shares of nok for $3- $.84 = $2.16 if I get assigned

     

    win/win :)

     

    like I said, im just having some fun with nokia. Not trying to make a killing
    9 Aug 2012, 09:33 AM Reply Like
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