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More on Vringo-Google: Of the $30M awarded to Vringo (VRNG), Google (GOOG) is ordered to pay...

More on Vringo-Google: Of the $30M awarded to Vringo (VRNG), Google (GOOG) is ordered to pay $15.9M, AOL $7.9M, and InterActiveCorp $6.6M. Target and Gannett owe pocket change. Though the jury has ruled Google owes Vringo royalties, the final decision on royalty rates rests with the judge. Vringo was originally seeking nearly $500M in damages. Shares still halted.
Comments (6)
  • haroldfounder
    , contributor
    Comments (78) | Send Message
     
    From Steve Kim
    I am very happy about the verdict. The 3.5% running royalty is the big prize here. Remember, if we got $100M past damages and no running royalty, we would be licking our wounds. The running royalty (in whatever amount ultimately set by the Judge, who has to be influenced by the jury's 3.5% finding) is what give us a share of Google's future ad revenues until the patent expires. Don't worry about workarounds yet, we are primarily concerned with price in the short/intermediate term for the moment. I think if Google had a workaround ready, they would have dropped it on Vringo already, during the trial.
    I think the past damage number of $30M vs. the $100M hoped for is not that relevant, frankly. The future damages are the key here.
    Read more: http://bit.ly/UgVP2p
    6 Nov 2012, 02:20 PM Reply Like
  • Maria Auziliadora
    , contributor
    Comments (628) | Send Message
     
    Royalty pretty nice about time!!!!
    6 Nov 2012, 02:33 PM Reply Like
  • Mikavexo
    , contributor
    Comments (37) | Send Message
     
    Any idea when trading will resume?
    6 Nov 2012, 02:36 PM Reply Like
  • Mikavexo
    , contributor
    Comments (37) | Send Message
     
    Evidently now.
    6 Nov 2012, 02:49 PM Reply Like
  • Rdwyer3577
    , contributor
    Comments (10) | Send Message
     
    I'd like to know if the $30m number is correct? If you look at 3.5% of GOOGLE's relevant income it would be $30m a quarter, or is my math wrong?
    6 Nov 2012, 04:06 PM Reply Like
  • jtalpha75
    , contributor
    Comments (337) | Send Message
     
    500 mill future royalties, 33 million shares outstanding,w e are looking at 15$ a share!!!
    6 Nov 2012, 04:59 PM Reply Like
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