Tue, Jan. 6, 9:58 AM
- Facebook and LinkedIn have won a favorable summary judgment regarding Document Security's (NYSEMKT:DSS) infringement suit against the companies. A Northern California district court has ruled the four patents asserted by a DSS subsidiary are invalid.
- DSS is "evaluating its options" regarding the ruling. Coupons.com obtained a favorable summary judgment against DSS in October.
- The company also discloses the USPTO has partially granted TSMC's petition for an inter partes review (IPR) of patent claims asserted by DSS in an infringement suit. Apple petitioned for an IPR of a DSS patent in early December.
- Shares have plunged to new lows in response to the news.
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.
Nov. 14, 2014, 12:06 PM
- A 22% increase in printed product revenue allowed Document Security (NYSEMKT:DSS) to see a 17% Y/Y revenue increase. Technology sales/services/licensing revenue fell 18% to $475K.
- Excluding an $11.8M impairment charge, costs of goods/expenses was roughly flat Y/Y at $6.9M. DSS: "We continue to target cost savings company-wide to further optimize our organization. This includes rationalizing our headcount and G&A expenses, while maintaining our current level of sales and marketing expenses in order to capitalize on the significant opportunities we're pursuing with AuthentiGuard."
- DSS ended Q3 with $1.9M in cash, $391K in restricted cash, and $7.9M in debt. Shares had gone into earnings down 75% YTD.
- Q3 results, PR
Oct. 28, 2014, 3:52 PM| 1 Comment
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.
Aug. 15, 2014, 4:50 PM
- Document Security (DSS -5.7%) joined several other patent licensing firms in selling off after a federal appeals court cleared Google of infringing Vringo's IP.
- The court's referencing of a recent Supreme Court ruling that sets limits on software patents is raising fears the Google/Vringo judgment could be a sign of things to come.
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. 12, 2014, 12:45 PM
Mar. 10, 2014, 6:56 PM
- Document Security Systems (DSS) is suing Samsung, TSMC, and NEC in the Eastern District of Texas for allegedly infringing patents related to chip manufacturing. (PR)
- DSS says it bought the patents in question in 2013 to support hardware/peripherals development, including for devices using its AuthentiGuard anti-counterfeiting tech.
Feb. 11, 2014, 5:46 PM
- SA contributor Avoiding Gamma argues Document Security Systems' (DSS +5.9%) trade secret suit against Coupons.com (COUP), originally filed in 2011, represents a near-term catalyst that has been "all but forgotten" as investors focus on suits against Apple, Facebook, and LinkedIn.
- The author notes Coupons.com recently filed for an IPO, and thinks it could be in the company's interest to settle the lawsuit before it goes public.
Jan. 15, 2014, 4:00 PM
- Document Security Systems (DSS -16%) is closing down sharply after announcing a Northern California district court issued a stay on an infringement suit brought by its Bascom Research unit against Facebook, LinkedIn, and others, pending the outcome of Supreme Court case covering the patentability of software. (PR)
- A few days before the Northern California ruling, an Eastern Texas district court denied a motion filed by Salesforce.com to stay a case an infringement suit filed by VirtualAgility, a software company DSS has invested in.
- The Supreme Court's ruling is expected in April. A Markman hearing for the VirtualAgility/Salesforce case is set for April 2, and jury selection for November.
Jan. 15, 2014, 12:45 PM
Jan. 14, 2014, 12:47 PM
Jan. 14, 2014, 9:10 AM
Nov. 27, 2013, 5:39 PM
Nov. 27, 2013, 12:45 PM
DSS vs. ETF Alternatives
Document Security Systems, Inc., is engaged in fraud and counterfeit protection for all forms of printed documents and digital information. It holds patents for optical deterrent technologies that provide protection of printed information.
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