Seeking Alpha

Vringo (VRNG -19.3%) is staring at big losses today - the company's trial against Google is now...

Vringo (VRNG -19.3%) is staring at big losses today - the company's trial against Google is now more than two weeks old. Several execs recently sold shares as part of a pre-established Rule 10b5-1 trading plan. SA's Steve Kim, continuing his trial coverage, notes Google filed motions yesterday requesting the dismissal of Vringo's claims, and thinks a verdict could arrive "as early as Friday or Monday, or perhaps as [late] as the middle or end of next week."
Comments (15)
  • laches
    31 Oct 2012, 02:21 PM Reply Like
  • The losses are unexplainable. 1 witness had their testimony moved from today till tomorrow. All the developments last week were positive fro Vringo. This makes no sense.
    31 Oct 2012, 02:23 PM Reply Like
  • read the comment above you :)
    31 Oct 2012, 02:26 PM Reply Like
  • I am no lawyer, but appears VRNG lost about 90% of the revenue it was seeking. Just sayin...
    31 Oct 2012, 02:48 PM Reply Like
  • no it is now the last year or approx 80-100m.
    1 Nov 2012, 12:48 AM Reply Like
  • Oh man. Glad I stayed far away from this....
    31 Oct 2012, 02:49 PM Reply Like
  • Actually, this could be a good short term trade. But I am an investor, not a trader.
    31 Oct 2012, 02:50 PM Reply Like
  • do not recall any articles bringing up this topic/point . including Modernist . but Modernist puts woulda been a winner. another whack at our patent office...
    31 Oct 2012, 02:53 PM Reply Like
  • laches was brought up, but forgotten. see black swan article
    31 Oct 2012, 03:20 PM Reply Like
  • Google Defeats all that is Good, Write n Search. It is a sign from GAWD.......End Times is NEIGH!....NEIGH UPON US!
    31 Oct 2012, 03:13 PM Reply Like
  • It would appear that the executives are not or never have been as confident in the company's patent strengths as Mr. Kim is.
    31 Oct 2012, 04:50 PM Reply Like
  • This has all been a classic pump and dump, first by James A. and then his "followers". Karma is a bitch!!!
    31 Oct 2012, 04:54 PM Reply Like
  • I see VRNG going to sub 1.00 soon. That is, until Lang and his gang can come up with a new scheme. But if GOOG wins, that will put a dent in VRNG 40 million war chest. If GOOG wins, GOOG will ask and get reimbursement for lawyer fees after this travesty is over. GO GOOG!!!
    31 Oct 2012, 05:01 PM Reply Like
  • BTW, I have no position in GOOG, but I am smart enough to see this trial for what it is, classic troll behavior. VRNG/IP never intended to use their patents, only to sit back and wait for GOOG and whomever to get sucked in so they can ask for easy money, instead of doing the hard work of competing against GOOG and others. It is not over of course, but like I said, Karma is a bitch. Lets see which way the wind blows.
    31 Oct 2012, 05:05 PM Reply Like
  • Ed Liston sees a bright side:
    1 Nov 2012, 10:32 AM Reply Like
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