Vringo (VRNG -11.5%
) is seeing another down day in response to the Google verdict (I
) - shares are now down 25%
since yesterday's trading halt ended. Maxim
joins others in estimating the jury's recommended royalty rate could lead to $500M in payments to Vringo until April 2016, but also cautions a Google appeal could take 12-15 months to play out, and that the company might try to create a workaround.