Vringo (VRNG +12.7%) has soared over the last 90 minutes of trading, apparently thanks to...

|By:, SA News Editor

Vringo (VRNG +12.7%) has soared over the last 90 minutes of trading, apparently thanks to speculation about a settlement with Microsoft. A letter dated March 27 from a law firm representing Vringo states Microsoft and Vringo are "discussing settlement." Vringo sued Microsoft in January, alleging infringement of its search IP.