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VirnetX Holding Corporation (VHC)

  • Sep. 16, 2014, 11:37 AM
    • Affirming part of a lower court ruling in favor of VirnetX's (VHC -46.4%) patent claims against Apple, a federal appeals court reverses the decision on two of the claims and vacates the jury's award of $368M in damages, returning the case to the lower court for further proceedings.
    | Sep. 16, 2014, 11:37 AM | 24 Comments
  • Sep. 10, 2014, 2:38 PM
    • A federal judge has denied Microsoft's (MSFT -0.1%) motion to stay a patent suit filed by VirnetX (VHC +7.1%), and ordered the two to make a good faith effort to narrow the claims.
    | Sep. 10, 2014, 2:38 PM | 1 Comment
  • Aug. 11, 2014, 12:31 PM
    • In a Markman order, the Eastern Texas district court has rejected an Apple motion for summary judgment seeking to invalidate certain VirnetX (VHC +3.6%) patent claims on grounds of indefiniteness.
    • It has also "granted in part and denied in part VirnetX's Motion for Partial Summary Judgment on Apple's Invalidity Counterclaims." Apple is precluded from asserting invalidity for VirnetX patent claims covered during the companies' jury trial, but can do so for other claims.
    • VirnetX rallied in June after an RPX request (on behalf of Apple) for a USPTO review of several VirnetX patents was denied.
    | Aug. 11, 2014, 12:31 PM | 1 Comment
  • Jun. 19, 2014, 1:15 PM
    • In a closely-watched case, the Supreme Court has upheld the patentability of software concepts, albeit while setting limits: Companies can't patent a mere abstract idea on a computer, but can patent software ideas that advance or improve upon existing ideas.
    • The ruling comes a month after Sen. Pat Leahy shelved a hotly-contested bill aimed at limiting the power of patent trolls. Many tech giants and startups backed the bill, while IP licensing firms staunchly opposed it.
    • A few licensing firms are trading lower on a moderately down day for tech: VRNG -2.2%. ACTG -1.3%. VHC -2.8%. PRKR -3.8%. SPEX -3.1%.
    • Other related names: RPXC, WILN, DSS, CRDS, MARA.
    | Jun. 19, 2014, 1:15 PM | 10 Comments
  • Jun. 5, 2014, 4:18 PM
    • An RPX request (on behalf of client Apple) for a USPTO review for several VirnetX (VHC +6.8%) patents has been denied. (h/t Tom Shaughnessy)
    • The USPTO calls RPX's petitions "time-barred," given they were filed more than a year after Apple (deemed the "real party" in the dispute) was served with an infringement complaint.
    • In March, VirnetX was assigned a 0.98% royalty rate on certain Apple products by an Eastern Texas district court; Apple, not surprisingly, has appealed the verdict. VirnetX shares initially shot higher on the ruling, but gradually gave back their gains.
    | Jun. 5, 2014, 4:18 PM | 1 Comment
  • May 23, 2014, 4:33 PM
    • SA author Tom Shaughnessy, who attended VirnetX's (VHC +6.8%) annual meeting, likes what he heard during a presentation by CTO Robert Short about the company's Gabriel secure connection tech.
    • Shaughnessy notes Gabriel has "ballooned into a full suite of products encompassing chat, web, share, video, voice, mail and sync capabilities," and sees plenty of potential business/consumer use cases.
    • He also notes VirnetX is trying to end the use of "reverse conversions and naked shorting using the market maker's exemption" by traders by tracking the activity and reporting it to compliance departments. 40% of the float was shorted as of April 30.
    | May 23, 2014, 4:33 PM | 2 Comments
  • Apr. 28, 2014, 9:15 AM
    | Apr. 28, 2014, 9:15 AM | Comment!
  • Apr. 25, 2014, 6:55 PM
    • Down over 7% much of the day, VirnetX (VHC) erased its losses on heavy volume in the last hour to finish up 9.3%.
    • Chatter points to an Apple/Motorola ruling issued today in the Court of Appeals for the Federal Circuit that alludes to issues between VirnetX and Apple.
    • Supporters believe the language bolsters VHC expert testimony in that company's dispute with Apple.
    • After hours, VHC up another 3.3% to $16.55.
    • Previously: VirnetX/Apple: What Does Apple Owe?
    | Apr. 25, 2014, 6:55 PM | Comment!
  • Mar. 28, 2014, 5:21 PM
    • VirnetX (VHC +4.3%) has been granted four new Internet security-related Japanese patents.
    • The company has also "received a notice of allowance in Canada, two additional notices of allowance in Japan, and six notices of allowance in the United States," which the company expects will yield several new patents. VirnetX notes it has been granted 75+ Internet security-related patents since '06.
    • Shares recouped a sliver of the losses they've seen this month following the publishing of a royalty order in VirnetX's patent suit against Apple.
    | Mar. 28, 2014, 5:21 PM | Comment!
  • Mar. 6, 2014, 4:00 PM
    • The court order, whose publication comes three days after VirnetX (VHC -4.8%) disclosed the order in a short 8-K, states a 0.98% royalty rate should "apply to adjudicated products and products not colorably different from those adjudicated at trial, including but not limited to the iPhone 5, iPod Touch 5th Generation, iPad 4th Generation, and the iPad Mini."
    • It also notes Apple urged the court to apply a lower royalty rate, arguing "it has successfully implemented a non-infringing FaceTime feature and it is currently working on a design-around for [its] VPN On Demand feature."
    • Given its history, there's a good chance Apple will appeal the ruling.
    • VirnetX says it's "very pleased" with the order. Shares are now up only 3% from where they traded prior to the Monday disclosure.
    | Mar. 6, 2014, 4:00 PM | 5 Comments
  • Mar. 4, 2014, 9:10 AM
    | Mar. 4, 2014, 9:10 AM | 4 Comments
  • Mar. 3, 2014, 6:46 PM
    • Up over 30% at one point in response to its Apple royalty disclosure, VirnetX (VHC +5.9%) closed with more modest gains, as investors tried to decipher the precise implications of a very short 8-K. Shares are up 2.5% AH.
    • Markman Advisors declares it difficult to parse the 8-K until a full court order is published. The firm particularly thinks more detail is needed on VirnetX's remark that an 0.98% royalty rate applies to products not "colorably different" from those adjudicated at trial, along with the adjudicated products.
    | Mar. 3, 2014, 6:46 PM | 6 Comments
  • Mar. 3, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: VIPS +19.1%. GIB +5.5%. GWRE +4.4%. VHC +3.6%. TRQ +3.3%.
    • Top losers, as of 5:15 p.m.: MDR -9.5%. SNTA -7.0%. MCP -5.3%. MEET -4.9%. ASNA -4.2%.
    | Mar. 3, 2014, 5:37 PM | 1 Comment
  • Mar. 3, 2014, 12:59 PM
    • The Eastern Texas district court handling VirnetX's (VHC +21.1%) patent suit against Apple has assigned VirnetX a 0.98% royalty rate on "adjudicated products and products not colorably different from those adjudicated at trial that incorporate any of the FaceTime or VPN on Demand features found to infringe at trial." (8-K)
    • An Eastern Texas jury awarded VirnetX $368M in damages in 2012. VirnetX announced a favorable USPTO ruling related to its Apple dispute last month.
    | Mar. 3, 2014, 12:59 PM | 7 Comments
  • Feb. 13, 2014, 10:18 AM
    • VirnetX (VHC +3.2%) states the USPTO has denied Apple's "motions for rehearing of the decisions not to institute seven of its requested inter partes [patent] reviews." In December, the USPTO had ruled Apple's petitions weren't filed in time.
    • A jury awarded VirnetX $368M in damages in 2012, after ruling Apple infringed the company's VPN IP. Apple has since appealed the verdict.
    | Feb. 13, 2014, 10:18 AM | 1 Comment
  • Jan. 22, 2014, 12:40 PM
    • Patent plays VirnetX (VHC +1.4%), Unwired Planet (UPIP +3.1%) and Wi-LAN (WILN +2.2%) have moved higher after Vringo was awarded a favorable verdict in its long-running infringement suit against Google, AOL, and other firms. A proposed Google workaround for a Vringo patent the search giant has been ruled to be infringing was rejected.
    • The group has been pressured by growing political, legal, and regulatory scrutiny of perceived patent trolls.
    | Jan. 22, 2014, 12:40 PM | 2 Comments
Company Description
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.