VirnetX (VHC) +4.7% after a $368.2M jury verdict in its Texas suit against Apple (AAPL) is...

VirnetX (VHC) +4.7% after a $368.2M jury verdict in its Texas suit against Apple (AAPL) is upheld. Apple's motions for a new trial and reduced damages were denied, and the company has been ordered to pay $330K in daily damages and $33.6K in daily interest up to final judgment. However, VirnetX's request for a permanent injunction was also denied; the companies have been given 45 days to "mediate over a license." VirnetX says it now plans to withdraw its ITC complaint against Apple.

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Comments (2)
  • bgold1955
    , contributor
    Comments (2348) | Send Message
    Wished the California judge would have implemented daily damages/interest against Samsung. Apparently Apple is in the wrong and should write a check today. Long aapl.
    27 Feb 2013, 09:16 AM Reply Like
  • gipsy4449
    , contributor
    Comments (26) | Send Message
    To day the biggest danger for VHC stockholders is not a bad agreement ( from an VHC point of view) with Apple, but that Tim Cook devotes a very tiny part of his cash-pile to buy VHC. He might not do it because of the big business syndrome "not invented here". I wonder why they did not realized sooner( like Siemens and others) that a good agreement is quite better than a bad trial . Therefore , since Cisco jury decision, I think Apple will wait for the last minute to negotiate (exactly like they reacted with the jury injunction) and therefore play on VHC quotations. Conclusion : keep your VHC , and once more, it confirms that Apple is suffering a management/vision crisis. My position is bullish on VHC and LT bearish on AAPL .
    15 Mar 2013, 06:37 PM Reply Like
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