Dec. 19, 2014, 12:45 PM
Dec. 17, 2014, 11:53 AM
- After opening nearly unchanged, VirnetX (NYSEMKT:VHC) has gradually shot higher. 334K shares have changed hands vs. a 3-month daily average of 411K.
- Yesterday, VirnetX stated the federal appeals court that in September reversed infringement rulings for two patent claims asserted against Apple had denied the company's request for an en banc review of the decision. However, the company added it's pleased "the court will issue its final decision confirming the validity of our patent claims as well as Apple's infringement with respect to VPN On-Demand."
- Shares closed up 1.2% yesterday following the announcement.
Dec. 15, 2014, 1:22 PM
- Vringo was denied a request for an en banc review of the adverse appeals court ruling its received in August for its infringement suit against Google. Unwired Planet received an unfavorable claim construction ruling for its own suit against Google.
- Shares of both of the aforementioned companies are down over 30%. Fellow IP licensing firms VirnetX (VHC -8%) and Document Security (DSS -6.8%) are following them lower, albeit on modest volume.
- VHC and DSS have received adverse rulings of their own this year (I, II), as courts take a tougher stance towards IP firms following the Supreme Court's June software patent ruling.
Dec. 4, 2014, 11:15 AM
- VirnetX (VHC +5.8%) has opened up a beta program for its Gabriel secure IP connection platform and collaboration suite to the general public. The company plans to officially launch Gabriel in 1H15.
- VirnetX, which has been granted a slew of patents related to Gabriel, asserts the solution will offer companies better control over confidential data than other secure IP-based communications platforms.
Nov. 14, 2014, 2:47 PM
Oct. 8, 2014, 5:38 PM
Oct. 2, 2014, 12:45 PM
Sep. 26, 2014, 1:46 PM
- Patent licensing firms VirnetX (VHC +15.2%), Crossroads (CRDS +12.8%), and Document Security (DSS +9.4%) are among the day's biggest gainers. Shares of all three companies had fallen hard in recent weeks (VirnetX especially).
- End-of-quarter short-covering could be contributing to VrinetX and Document Security's gains: The companies respectively had 17.7M and 2.3M shares shorted as of Sep. 15. Crossroads only had 240K shares shorted.
- Earlier this week, the WSJ observed federal courts have increasingly been making adverse rulings on software patents since June's Supreme Court ruling. "This is only the beginning of the fallout," Stanford law prof. Mark Lemley is quoted as saying.
Sep. 26, 2014, 12:45 PM
Sep. 24, 2014, 2:06 PM
- The USPTO has granted VirnetX (NYSEMKT:VHC) a patent related to the creation of an "encrypted communications channel" between two devices using secure domain names. (USPTO filing)
- The patent is the tenth granted to VirnetX in 2014, and is tied to the company's Gabriel secure connection platform.
- Shares have risen 27% from a Sep. 18 low of $4.18. They remain down 64% from where they closed the day before last week's Apple appeals court ruling.
Sep. 18, 2014, 12:45 PM
Sep. 18, 2014, 12:03 PM
- VirnetX (VHC -39.5%) is now down 70% from Monday's close in response to a federal appeals court's ruling on its infringement suit against Apple. Shares are at levels last seen in early 2010.
- Yesterday afternoon, SA author Alpha Exposure argued VirnetX shares are "nearly worthless" following the appeals court ruling, due to the reversal of infringement rulings for two key patent claims and ongoing cash burn.
- AE estimates VirnetX would obtain $38.5M/year in revenue if it collected a 1% royalty on Apple's FaceTime and VPN On Demand offerings, and $8.7M/year if it collected on FaceTime alone. At the same time, the author thinks "VirnetX may find it hard to even achieve 1% since it has signed royalty deals at as low a rate as 0.24%."
Sep. 18, 2014, 9:06 AM
Sep. 17, 2014, 5:37 PM
Sep. 16, 2014, 3:14 PM
- "We are bolstered by the fact that the patents were again found valid and that it was confirmed that Apple's VPN on Demand functionality infringes the VirnetX (VHC -41.7%) patents," says CEO Kendall Larsen. "We look forward to readdressing the FaceTime infringement and damages issues as soon as possible."
- Source: Press Release
- Previously: VirnetX plunges as jury award over Apple is vacated
Sep. 16, 2014, 12:46 PM
VirnetX Holding Corp is an Internet security software and technology company with patented technology for secure communications. The Company's software and technology solutions, include its Secure Domain Name Registry and GABRIEL Connection Technology.
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