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ACTG

Acacia Research Corporation

5/24/2013, 4:06 PM ET

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Tuesday, April 23, 8:28 AM Acacia (ACTG) +4% after announcing a $0.125/share quarterly dividend (current yield of 2.2%). The IP licensing firm is also extending a previously-announced $100M buyback authorization by 3 months to Aug. 15. The announcement comes shortly after shares were crushed in response to a disappointing Q1 report. (PR) Comment! [Tech, On the Move, Dividends]
Friday, April 19, 1:09 PM Midday top 10 gainers: VRTX +60%. NETE +33%. RH +21%. MCOX +18%. OSTK +17%. HWAY +17%. NVDQ +16%. ANAC +12%. LIVE +11%. CMG +10%.
Midday top 10 losers: ACTG -25%. VIMC -15%. PRGX -14%. AIRM -14%. NSIT -12%. CNIT -11%. RMBS -10%. CRME -10%. DIT -9%. OSH -9%. 1 Comment [On the Move]
Friday, April 19, 12:24 PM Acacia (ACTG -23.7%) crashes following its Q1 report. Though revenue soundly beat estimates (no doubt thanks to recent licensing deals), the EPS beat was relatively narrow thanks to surging expenses. While revenue declined 22% Y/Y, inventor royalty payments rose 143% Y/Y to $18.5M, contingent legals fees 301% to $15M, litigation/licensing expenses 185% to $9.6M (Acacia still expects only $18M-$20M for all of 2013), and patent amortization 129% to $11.7M. Also, during the earnings call, Acacia stated it's "deploying more capital in the form of upfront advances" for patent deals, which it recaptures when initial revenue is collected. 1 Comment [Tech, On the Move, Earnings]
Thursday, April 18, 4:10 PM Acacia Research (ACTG): Q1 EPS of $0.47 beats by $0.05. Revenue of $76.8M beats by $18.12M. Shares -0.1% AH. (PR) 1 Comment [Earnings, Breaking News, Financials]
Thursday, April 18, 12:10 AM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Wednesday, April 17, 5:35 PM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Friday, April 12, 4:07 PM Acacia (ACTG +2.7%) has settled several IP suits it has filed against Toshiba; terms are undisclosed. The settlement comes two days after Acacia announced it had bought 40 CPU and memory-related patents from an unnamed "major technology company," and (in a deal resembling Unwired Planet's arrangement with Ericsson), will share licensing revenue with the company. Look for the patents to be featured in lawsuits shortly. 1 Comment [Tech, On the Move]
Friday, April 5, 2:11 PM Google, BlackBerry, Red Hat, and Earthlink submit a paper (.pdf) to the FTC and DOJ calling for actions against perceived patent trolls, arguing such firms cost U.S. companies $80B in 2011 after factoring both direct and indirect costs. To back up their stance, the companies claim suits from "patent assertion entities" have risen 4x since '05, and now account for 62% of all IP suits. The paper arrives 6 weeks after Pres. Obama criticized patent trolls, and amidst expectations of Congressional action. Companies that could be affected: RMBS, IDCC, VHC, ACTG, WILN. 11 Comments [Tech]
Monday, April 1, 8:12 AM Familiar refrain: reputed patent troll Acacia (ACTG) says it has resolved pending patent litigation in four states by entering into settlement and licensing agreements with Radio One (ROIAK), Supervalu (SVU), and Ventyx USA. Comment!
Thursday, March 21, 2:25 PM Acacia Research (ACTG +4.1%) jumps after disclosing it has settled an infringement suit against Apple (AAPL) that was pending in a court for the Eastern District of Texas. In January, Acacia settled a suit against Apple that was pending in the Northern District of Texas. Also, the company announced this morning it has reached a settlement and license agreement with Micron. Comment! [Tech, On the Move]
Thursday, February 21, 5:43 PM After-hours top gainers, as of 5:15 p.m.: ARUN +14%. WBMD +14%. ACTG +13%. FIRE +11%. BLOX +10%.
After-hours top losers: IMMU -7%. MDAS -6%. VVR -3%. VVUS -3%. PEGA -3%. Comment! [On the Move]
Thursday, February 21, 4:14 PM Acacia Research (ACTG): Q4 EPS of $0.86 beats by $0.62. Revenue of $66.2M beats by $22.87M. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, February 21, 12:10 AM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD Comment! [Earnings]
Wednesday, February 20, 5:35 PM Notable earnings after Thursday’s close: ACTG, AIG, ARUN, ATLS, BMRN, BV, CENX, CLGX, COG, CUBE, CYH, DRYS, EXEL, EXR, FIRE, FLS, FTR, GDI, HPQ, INT, INTU, ITMN, JWN, MRVL, NEM, NPSP, ONXX, PSA, SBAC, SWN, TS, WBMD 2 Comments [Earnings]
Friday, February 15, 12:09 PM Pres. Obama isn't a fan of patent trolls. "They are essentially trying to leverage and hijack somebody else's idea and see if they can extort some money," Obama stated during a Google+ hangout. He added, "Our efforts at patent reform are only about halfway to where we need to go." The remarks come as the DOJ and FTC hold hearings on patent trolls, and an appeals court debates whether software should be patentable. Some IP holders accused of being patent trolls: ACTG, VRNG, RMBS, VHC, IDCC, WILN. 45 Comments [Tech]
Wednesday, January 2, 9:37 AM Acacia (ACTG +4.1%) opens with a solid gain after disclosing it has settled yet another IP dispute (previous), this time with Apple (AAPL). The settlement, whose terms aren't shared, puts to rest a patent suit in a Texas district court. Comment! [Tech, On the Move]