After a volatile day featuring trading volume over 5x higher than average, Vringo (VRNG -18%)...

After a volatile day featuring trading volume over 5x higher than average, Vringo (VRNG -18%) closed with big losses, as trading ended without a Google settlement announced. A short-lived afternoon rally was attributed to a report of a settlement that would up being discredited, though some remain intrigued by the fact the Vringo-Google trial (set for an Oct. 16 start) no longer appears on a court docket. The fact Vringo's stock offering closed today may have contributed to the volatility.
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Comments (23)
  • surfnspy
    , contributor
    Comments (406) | Send Message
    "though some remain intrigued by the fact the Vringo-Google trial (set for an Oct. 16 start) no longer appears on a court docket."


    Oh, I'm intrigued alright.
    9 Oct 2012, 05:29 PM Reply Like
  • vitosoranno1
    , contributor
    Comments (1634) | Send Message
    I WONDER IF IT IS INDEED TRUE that the case no longer appears on the court docket ........ so I'll take the opportunity to speculate on a few things in a simplistic and rational fashion.


    Vringo appears to have the upper hand in the lawsuit to a considerable degree for at least three reasons:


    1). Google's pre-trial pleadings (which constitute the core of their legal defense) have been turned down by the court. This is a predictor of the outcome of the lawsuit should it go to trial.


    2). A Google official admitted on Blumberg News recently that, over the years, Google has not adequately protected themselves with patents and, as a result, they are very vulnerable.


    3). Vringo has huge strength in its intellectual property litigation department which includes David Cohen and Donald Stout who have immense experience in IP litigation with notable big wins under their belts, and Dickstein Shapiro which is one of the most well-known and highest rated IP litigation law firms around. This combination is the best there is!!!


    So IF IT IS TRUE that the case is no longer on the court docket, it would only be removed with the concurrence of both parties.


    So just would induce the Vringo heavyweights, who hold all of the aces, to agree to such an action?


    Did the parties come to a preliminary agreement that Google will acquire Vringo at a price that is too good to refuse? If so, the parties would agree to removing the case from the docket pending the formalizing of the agreement.


    Did the parties agree to a settlement offer by Google that is too lucrative to pass up and agree to defer the trial until the fine details of the offer are worked out? If so, the offer must be a blockbuster in order for Vringo to accept so early in the game.


    Either of the two aforementioned possibilities are fully within the realm of reality because shutting down the lawsuit lessens the exposure of Google's vulnerabilities to their competitors as well as the need to explain to their stock holders why they jeopardized Google's core operating systems in a lawsuit that they had no chance of winning. Google realizes that their chances of prevailing in the Vringo lawsuit lies somewhere between extremely poor and nonexistent.


    OR IS THE CASE INDEED STILL ON THE COURT DOCKET and information to the contrary is in error and all of this is mere speculation?


    The one alternative that is not conceivable -- and I'll bet the ranch and my wife's closet of shoes on it -- is that Vringo has capitulated and given up and is going back to the ring tone business.


    Think of what is going on. There is no bad news. But there is a very strong likelihood of good news, very good news.


    We should know in a day or so just what is going on. Whatever it is, there is little doubt in my mind that it will be extremely beneficial for Vringo and it's shareholders. The stock will react accordingly. The shorts are going to get caught in a big squeeze as they scamper to cut their losses.


    When you use a cool head to assess the facts you realize that the docket story that prompted today's easing in the prices of the stock and warrants provides a golden opportunity to investors to buy the stock and/or warrants at desirable levels.


    I'm planning on increasing my Vringo warrant and stock holdings at the open of trading tomorrow. My wife needs to add to her shoe collection.
    9 Oct 2012, 11:11 PM Reply Like
  • Maria Auziliadora
    , contributor
    Comments (655) | Send Message
    I am not intrigued because they are going to settle outside the court
    9 Oct 2012, 05:54 PM Reply Like
  • @pharmdca
    , contributor
    Comments (400) | Send Message
    Maria, you seemed very confident about settlement. I think it could go to trial next week. I'm not sure about your reasoning behind settlement in this short period of time before trial and that how goog will be able to overcome their ego stand to kneel down and make a settlement.
    Just wondering.
    10 Oct 2012, 11:58 AM Reply Like
  • hbaskerville
    , contributor
    Comments (49) | Send Message
    There are three possible explanations for the trial being off the docket:
    1. It was delayed;
    2. The parties reached a settlement; or
    3. A clerical error.
    9 Oct 2012, 05:56 PM Reply Like
  • naplam
    , contributor
    Comments (76) | Send Message
    It's in Google's best interest to delay it and see VRNG plummet. So I'm guessing #1. Now, I wonder what's going to happen to all these cheerful folks who are "having popcorn" while they watch this unfold when they start to lose their shirts on this gamble, will they keep having popcorn as days go by without any news, or will they have an indigestion?
    9 Oct 2012, 06:08 PM Reply Like
  • IronmanVR4
    , contributor
    Comments (91) | Send Message
    You sound like a soar loser that might have lost your shirt trying to SHORT the stock... just saying..
    9 Oct 2012, 06:47 PM Reply Like
  • Noreika
    , contributor
    Comments (497) | Send Message
    Gonna keep having popcorn with some beer I reckon..
    9 Oct 2012, 06:53 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (838) | Send Message
    Glad i never bought into this BS. James A. was doing exactly what I accused him of doing..... I THINK WE ALL KNOW WHAT THAT IS...


    ooopppssss... maybe I will get sued now.....LOL
    9 Oct 2012, 07:14 PM Reply Like
  • naplam
    , contributor
    Comments (76) | Send Message
    Actually I got some options, a strangle more or less. Maybe a bad decision anyway, we'll see.
    Oh and there's a short sale restriction in effect so it's not possible to short the stock (another danger sign, along with all the info in the SEC filings).
    9 Oct 2012, 07:15 PM Reply Like
  • bencahn1
    , contributor
    Comments (31) | Send Message
    i believe they've already tried delaying the trial and have repeatedly been denied.
    10 Oct 2012, 02:22 AM Reply Like
  • naplam
    , contributor
    Comments (76) | Send Message
    The kind of lawyers Google is employing don't need to ask for delays, they cause the delays they need.
    10 Oct 2012, 12:18 PM Reply Like
  • hbaskerville
    , contributor
    Comments (49) | Send Message
    It's in almost every defendant's best interests to delay the trial, but it is not their decision. Once courts gets a week away from trial, they are loath to move the trial absent agreement from both parties and a compelling reason to do so.
    9 Oct 2012, 06:11 PM Reply Like
  • naplam
    , contributor
    Comments (76) | Send Message
    It's not difficult to use dirty tricks to delay the trial and/or a hypothetic settlement, in fact Google has already done just that by providing wrong information. By the way, the trial is still scheduled for the 16th, even if it's not listed on the web page.
    10 Oct 2012, 07:30 AM Reply Like
  • Rdwyer3577
    , contributor
    Comments (10) | Send Message
    Everything is pointing towards a settlement and a big win for VRINGO!! The docket is pro VRINGO!
    10 Oct 2012, 02:01 AM Reply Like
  • trungn
    , contributor
    Comment (1) | Send Message
    It is dirty how they pump up the news about court date and settlement to get people to buy and then they sell.
    10 Oct 2012, 02:01 AM Reply Like
  • Not Rich
    , contributor
    Comments (14) | Send Message
    Does anyone smell a settlement, or could that just be Larry Page's pants?
    10 Oct 2012, 02:03 AM Reply Like
  • Howard Perry
    , contributor
    Comments (8) | Send Message
    Oh, but it does appear on the docket:


    Date Time Judge Division Case Title Purpose Parties
    10/09/12 9:30 am 22BS Norfolk 2:2011 cv 512 I/P Engine, Inc. vs AOL, Inc. Motion Hearing All


    Remember that AOL was listed first among the defendants included in the suit
    10 Oct 2012, 02:06 AM Reply Like
  • drdawg
    , contributor
    Comments (6) | Send Message
    Maybe they will not open tomorrow if Google is gobbling them up.
    10 Oct 2012, 02:15 AM Reply Like
  • adeck220
    , contributor
    Comments (8) | Send Message
    It will not be delayed because the judge is the one that ruled they start settlement discussions a week before the trial date. The judge would have to make a ruling on the delay and why would he go against everything he has done that favors Vringo. A settlement is also not going to happen in a day when it involves $700M.
    10 Oct 2012, 02:25 AM Reply Like
  • vtotheringo
    , contributor
    Comments (12) | Send Message
    weird that it is up after hours right?
    10 Oct 2012, 02:30 AM Reply Like
  • QuantRec
    , contributor
    Comments (404) | Send Message
    Shorts answer this LOGICALLY: why no court case on docket if not settlement coming soon?


    Do you mean to say all these other cases with settlement talks on there have no trial dates set?


    They do!

    10 Oct 2012, 03:00 AM Reply Like
  • vitosoranno1
    , contributor
    Comments (1634) | Send Message
    The case continues to be on the court docket.


    It appears that the misinformation to the contrary was perpetrated by the shorts in an attempt to drive down the price of the stock.


    It's a common ploy.


    But take advantage by buying the warrants and stock at lower price levels. As soon as the marketplace realized the hoax, Veringo will snap back to normal.


    There is little doubt that the prices will skyrocket before the end of this month.
    10 Oct 2012, 09:42 AM Reply Like
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