Worlds, Inc.OTCQB
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  • Sep. 17, 2015, 12:27 PM
    • The pre-trial schedule for Worlds' (OTCQB:WDDD) infringement suit against Activision calls for fact discovery to be finished by 2/1/16, opening expert reports by 3/1, rebuttal expert reports by 4/1, expert discovery to be finished by 4/22, and an initial pre-trial conference to take place on 9/29.
    • Worlds also states it has filed preliminary responses to petitions filed by Bungie Inc. for a USPTO inter partes review of certain Worlds patents, and (notably) that a Nov. 10 hearing has been scheduled for an Activision motion for a summary judgment declaring Worlds' asserted patents are invalid on account of a 2014 Supreme Court ruling setting limits on software patents. Worlds asserts its patents aren't covered by the ruling, given that they're "directed at software solving a problem that specifically arises in the realm of computing."
    • Shares have fallen below $0.06, making new 52-week lows in the process. In June, Worlds received a favorable Markman ruling related to the Activision suit.
    | Sep. 17, 2015, 12:27 PM | 16 Comments
  • Jun. 29, 2015, 10:59 AM
    • Worlds (OTCQB:WDDD) asserts the federal court that on Friday issued a Markman ruling related to the company's infringement suit against Activision (NASDAQ:ATVI) "ruled that the majority of our patent claims construction language means precisely what the U.S. Patent and Trademark Office (USPTO) interpreted the claims to mean in the patents they granted to us," thereby leaving the company "in a strong position for a jury trial."
    • Worlds hopes to receive a trial date at a July 30 scheduling hearing. Shares now +67% from Thursday's close, after having soared on Friday in response to the ruling.
    • The full ruling (.pdf)
    | Jun. 29, 2015, 10:59 AM | 2 Comments
  • Jun. 26, 2015, 3:36 PM
    • Worlds (OTCQB:WDDD) has soared following the release of a Markman ruling for the company's infringement suit against Activision.
    • The patent owner rose in February after new Activision games were added to its suit. Shares closed yesterday $0.02 away from a 52-week low of $0.07.
    | Jun. 26, 2015, 3:36 PM | 10 Comments
  • Apr. 27, 2015, 3:06 PM
    • Today's notable tech gainers include online real estate leader Zillow (Z +4.3%), online travel deals platform Travelzoo (TZOO +8%), and gaming IP licensing firm Worlds (OTCQB:WDDD +15.5%).
    • Notable decliners include wireless charging tech developer Energous (WATT -9.3%), enterprise mobility management software firm MobileIron (MOBL -9.4%), Chinese mobile game publisher iDreamSky (DSKY -7.1%), and cloud tech support software provider Support.com (SPRT -6.6%). The Nasdaq is down 0.6%.
    • Zillow is now up 10% since providing soft full-year guidance on April 14. Travelzoo is up 32% since posting a Q4 beat on April 16.
    • Energous is selling off after filing a $75M mixed shelf following Friday's close. MobileIron is down 34% since issuing a Q1 warning last Wednesday. iDreamSky is missing out on a Chinese tech rally.
    • Previously covered: Applied Materials, Aerohive, Taser, Oclaro, JD.com, Sky-mobi, 3D Systems/Stratasys
    | Apr. 27, 2015, 3:06 PM | 1 Comment
  • Apr. 7, 2015, 3:18 PM
    • Today's notable tech gainers include privileged account protection software leader CyberArk (CYBR +7.5%), seismic hardware provider Geospace (GEOS +10.5%), M2M hardware/4G router provider Novatel (MIFI +8.4%), Chinese auto site Autohome (ATHM +5.5%), cloud revenue management software provider ServiceSource (SREV +5.4%), and unstructured data management software vendor Varonis (VRNS +4.9%). The Nasdaq is up 0.3%.
    • There are fewer major decliners. Notable ones include RF chipmaker Qorvo (QRVO -3.5%), contract manufacturer Sanmina (SANM -3.4%), and IP licensing firm Worlds (OTCQB:WDDD -10.7%).
    • Volatile CyberArk has risen to its highest levels since early March, two week before a lockup expired. Geospace, buoyed by rising oil prices, is up 22% over the last two days. ServiceSource's gains follow the naming of a new CFO.
    • Qorvo's decline come in spite of a target hike (to $95 from $87) by Brean; the firm argues growing Chinese phone exports and rising RF chip content are offsetting domestic Chinese softness for Qorvo and peers.
    • Previously covered: Twitter, FireEye, DragonWave, Axcelis, IGT, Marketo, 500.com, InPhi, Demandware, Splunk, Informatica
    | Apr. 7, 2015, 3:18 PM
  • Feb. 11, 2015, 12:56 PM
    • Worlds (OTCQB:WDDD) has added considerably to the gains it's seeing following news the company has expanded its suit against Activision to include two more titles.
    • The patent owner sports a $14.8M market cap.
    | Feb. 11, 2015, 12:56 PM | 1 Comment
  • Feb. 11, 2015, 11:08 AM
    • Worlds (OTCQB:WDDD) has added Activision's (NASDAQ:ATVI) recently-launched World of Warcraft: Warlords of Draenor and Call of Duty: Advanced Warfare to its existing infringement suit  (handled by a Massachusetts federal court) against the game developer.
    • A ruling on an Oct. 2014 Markman hearing for the suit, which revolves around patents relating to 3D virtual worlds within MMORPGs, is expected soon. Worlds soared shortly after the Markman hearing was held.
    | Feb. 11, 2015, 11:08 AM
  • Feb. 8, 2015, 3:32 PM
    • Rep. Bob Goodlatte (R-VA) has introduced a new version of the Innovation Act, a bill aiming to make it tougher for IP licensing firms (often referred to by critics as patent trolls) to pursue infringement suits. The original Innovation Act was shelved 9 months ago by Sen. Pat Leahy (D-VT), reportedly at the behest of then-Senate Majority Leader Harry Reid (D-NV). With the Republicans now controlling the Senate, the new version might have better odds.
    • Among other things, the bill: 1) Requires plaintiffs to disclose a patent's owner prior to litigation, and explain why they're suing a company in proceedings. 2) Requires courts to make a decision on a patent's validity early in the litigation process. 3) Requires judges to award attorney's fees to defendants for frivolous claims. 4) Requires the Judicial Conference to create rules lowering the costs of the discovery process during litigation, so that "patent trolls cannot use the high costs of discovery to extort money." 5) Creates "a voluntary process for small businesses to postpone expensive patent lawsuits."
    • Not surprisingly, Goodlatte's bill has been praised by an IT/telecom trade group - "We finally have a bill that would create a bit of gridlock for patent trolls’ extortion schemes." And it has been harshly criticized by a trade group representing IP licensors. "[T]he bill being introduced is over broad and does not take into account the many developments that have taken place over the past year in the patent landscape..."
    • As it is, the last two years have seen the White House issue executive actions and legislative proposals aimed at curtailing patent law abuses, the Supreme Court set limits on software patents (while upholding software's patentability), and lower federal courts issue a string of adverse rulings against various firms pursuing infringement claims.
    | Feb. 8, 2015, 3:32 PM | 22 Comments
  • Jan. 20, 2015, 2:15 PM
    • Worlds (OTCQB:WDDD +11.9%), Spherix (SPEX +6.5%), Wi-LAN (WILN +7.2%), ParkerVision (PRKR +4.3%), and Finjan (FNJN +4.9%) have joined Vringo (previous) in rallying after the Supreme Court ruled (by a 7-2 margin) in Teva Pharmaceuticals' favor in a patent suit against generic drugmakers, reversing a federal appeals court ruling invalidating a Teva patent and sending it back for further review.
    • SA author Patent Plays thinks the ruling has big implications."The Supreme Court just eliminated a key power the US Court of Appeals has been frequently using in such cases as Vringo (VRNG), VirnetX, and many others. The ability to cast aside substantial evidence findings over the District Courts rule is effectively over ... This win cascades with ramifications to multiple PAE's (Patent Assertion Entities) with litigation pending and in force."
    • The S.C. decision follows a string of 2014 setbacks for patent licensing firms.
    | Jan. 20, 2015, 2:15 PM | 3 Comments
  • Oct. 6, 2014, 11:47 AM
    • The Massachusetts district court responsible for Worlds' (OTCQB:WDDD) infringement suit against Activision has finished a Markman hearing to address the construction of 11 patent claims asserted by Worlds. (PR)
    • Worlds CEO Thom Kidrin: "The Markman Hearing's purpose was solely to focus on the meaning of the words in the claims and not import new meanings or point to infringement ... With this important step in the litigation process against Activision completed, we look forward to the court's ruling and scheduling the trial date."
    • Worlds crashed in March after Activision was granted  a summary judgment declaring Worlds patent claims covering online gaming virtual worlds to be invalid. However, the company is still able to allege infringement from the date of a USPTO certificate of correction. Many patent licensing firms have received unfavorable verdicts since the Supreme Court's June software patent ruling.
    | Oct. 6, 2014, 11:47 AM | 19 Comments
  • Aug. 15, 2014, 12:39 PM
    • Worlds (OTCQB:WDDD -15.3%), Spherix (SPEX -5.8%) and Marathon Patent Group (MARA -3.6%) have sold off after a federal appeals court ruled against Vringo in its IP suit against Google, arguing the patent claims it has asserted are invalid due to obviousness.
    • Notably, the court referenced a recent Supreme Court ruling that upheld the patentability of software concepts that advance or improve upon existing ideas, but also declared mere abstract software ideas on a computer can't be patented.
    • Spherix is still well above where it traded before an AT&T settlement was disclosed on Monday.
    | Aug. 15, 2014, 12:39 PM | 5 Comments
  • Mar. 13, 2014, 10:26 AM
    • The Massachusetts district court handling Worlds' (WDDD -59.1%) patent suit against Activision has allowed Activision's motion for a "summary judgment seeking a ruling that all of the asserted claims in the Patents-In-Suit are invalid."
    • Worlds has alleged Activision's games infringe patents related to online gaming virtual worlds. The court ruled the patents are entitled to claim priority to Nov. 12, 1996 rather than Nov. 13, 1995, the filing date of a provisional application. By Nov. 12, 1996, products that "embodied all of the asserted claims of the Patents-in-Suit " were in public use for at least a year.
    • Markman Advisors states the judge still indicated Worlds may have the opportunity to bring a case for future infringement.
    • The court ruling (h/t Tom Shaughnessy)
    | Mar. 13, 2014, 10:26 AM | 7 Comments