Seeking Alpha

RPX Corporation (RPXC)

  • Dec. 23, 2014, 12:46 PM
    • IP risk-protection firm RPX (RPXC -0.4%) is buying most of the Rockstar Consortium's remaining patents (over 4,000 of them) for $900M - roughly a fifth of the ~$4.5B the consortium paid to buy the full portfolio in 2010 from bankrupt Nortel.
    • RPX will license the patents to a syndicate of 30+ companies that includes Google and Cisco in exchange for payments. Everyone else will be able to license them under FRAND terms. RPX is only directly contributing $35M to the purchase.
    • Rockstar, whose members include Apple, Microsoft, BlackBerry, Ericsson, and Sony, had launched a series of lawsuits against Android OEMs. The sale comes amid an increasingly difficult legal and political environment for IP licensing firms.
    • Spherix (NASDAQ:SPEX), which bought over 100 of Rockstar's patents and patent applications earlier this year and has used them to sue Cisco, Verizon, and Huawei, is trading lower
    | Comment!
  • Aug. 19, 2014, 3:55 PM
    • Acacia's (ACTG +1.2%) Innovative Display Technologies and Delaware Display Group units have reached an agreement with RPX (RPXC -0.8%). Terms are undisclosed.
    • This isn't the first deal between Acacia and RPX, whose partners/clients are often at odds with each other. Acacia  partners with, and acquires patents from, individuals and companies looking to monetize their IP. RPX's services, which include patent purchasing, aim to protect companies from IP suits.
    | 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.
  • Mar. 17, 2014, 9:43 AM
    • VMware (VMW +2.2%) has been started at Buy by Monness Crespi.
    • SAP (SAP +2.2%) has been upgraded to Buy by Citi.
    • VeriSign (VRSN -8.8%) has been cut to Market Perform by Cowen. The downgrade comes as the NTIA announces it will relinquish control of the Internet's domain name management system to an international body. VeriSign insists the move won't affect its operation of the .com and .net registries.
    • CommVault (CVLT +3.3%) has been upgraded to Buy by Mizuho.
    • RingCentral (RNG +4.5%) has been started at Outperform by William Blair.
    • NetScout (NTCT +0.1%) has been cut to Neutral by D.A. Davidson.
    • RPX (RPXC +3%) has been started at Outperform by Cowen.
    • Cadence (CDNS +1.4%) has been started at Overweight by Piper.
    | Comment!
  • Jun. 4, 2013, 10:04 AM
    Vringo (VRNG -2.8%), VirnetX (VHC -4.5%), Acacia (ACTG -7.7%), Wi-Lan (WILN -2.2%), and RPX (RPXC -1.8%) slide after the WSJ reports Pres. Obama is expected to announce 5 executive actions and 7 legislative proposals taking aim at perceived patent trolls, including legislation enabling sanctions against litigants filing lawsuits deemed abusive, and orders to the USPTO to "train examiners to scrutinize applications for overly broad patent claims." The report follow harsh Feb. remarks from Obama about patent trolls, as well as recent DOJ/FTC hearings regarding their activity.
  • Apr. 30, 2013, 5:21 PM
    RPX (RPXC): Q1 EPS of $0.33 beats by $0.04. Revenue of $61.2M (+40% Y/Y) beats by $1.08M. Shares +5.3% AH. (PR)
    | Comment!
  • Feb. 13, 2013, 12:45 PM
    Midday top 10 gainers: RSOL +76%. RCON +27%. TRLA +25%. PRLB +24%. RPXC +22%. PRO +18%. ICAD +17%. PES +13%. AMRI +12%. VG +11%.
    Midday top 10 losers: LTRE -21%. EZCH -21%. RATE -19%. RAX -18%. CLF -18%. MPG -17%. FBN -17%. NAII -16%. ATOS -14%. ZN -13%.
    | Comment!
  • Feb. 12, 2013, 6:18 PM
    RPX Corp. (RPXC): Q4 EPS of $0.24 beats by $0.05. Revenue of $51.6M (+22% Y/Y) beats by $2.6M. Shares +15% AH. (PR)
    | Comment!
  • Feb. 12, 2013, 5:41 PM
    After-hours top gainers, as of 5:15 p.m.: RPXC +17%. TRLA +8%. CMCSA +7%. CMCSK +6%. NOG +5%.
    After-hours top losers: RATE -20%. RAX -8%. NAII -8%. CLF -8%. NTGR -7%.
    | Comment!
  • Aug. 1, 2012, 11:54 AM
    Patent protection services firm RPX (RPXC -22.1%) crumbles to all-time lows following its Q2 report. While revenue of $55.2M (+42% Y/Y) and EPS of $0.29 beat by $4.2M and $0.07, respectively, RPX is guiding for Q3 revenue of $46.7M-$47.1M and EPS of $0.15-$0.16, below a consensus of $49.9M and $0.21. Full-year guidance is in-line. BofA has downgraded shares to Neutral.
    | Comment!
  • Feb. 14, 2012, 2:54 PM
    RPX (RPXC +2%) gains on positive comments out of Cowen today, saying that any pullback in the shares would be a buying opportunity. Cowen calls it a unique high growth story, citing its renewal rate, the monetization of its patents and its deal with Alcatel Lucent (ALU +3.4%).
    | Comment!
  • Feb. 10, 2012, 9:53 AM
    Alcatel-Lucent (ALU +14.4%) says it is working with RPX Corp. (RPXC +7.2%) on a plan to license its portfolio of ~29,000 patents in areas such as fixed and wireless communications, semiconductors and network security. RPX buys and licenses patents and helps big companies avoid patent lawsuits; ALU expects to earn several hundred million euros from the arrangement.
    | Comment!
  • Sep. 16, 2011, 9:44 AM
    RPX Corp. (RPXC), a provider of patent licensing services to major corporations, is up 10.7% after pricing a follow-on offering of 3M shares at $20.49/share. RPX had previously raised $159.6M in a May IPO.
    | Comment!
  • Sep. 16, 2011, 9:00 AM
    Premarket gainers: NDN +11%. RPXC +4%. NCP +4%. BCS +4%. LYG +3%. MTU +3%. DB +3%.
    Losers: RIMM -23%. AGP -10%. PCX -7%. RTH -3%.
    | Comment!
  • Jul. 1, 2011, 10:51 AM
    Non-practicing entity firms are benefiting from Google losing out on the Nortel bidding. Called "patent trolls," they're known for buying up existing patents or patent portfolios and then using an army of lawyers to search out companies to sue: Acacia Research (ACTP +4%), RPX (RPXC +2%), Interdigital (IDCC +12%).
    | Comment!
Visit Seeking Alpha's
RPXC vs. ETF Alternatives
Company Description
RPX Corp provides a subscription-based patent risk management solution that facilitates more efficient exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation.
Sector: Services
Country: United States