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Unwired Planet, Inc. (UPIP)

- NASDAQ
  • Wed, May 27, 10:44 AM
    • The judge presiding over Unwired Planet's (NASDAQ:UPIP) infringement suit against Apple has granted Apple's motion for summary judgment of non-infringement on 3 out of 4 asserted patents. UPIP is "exploring all options available to us, including appealing them to the Federal Circuit."
    • For the fourth patent, Apple was deemed to be not liable for inducing infringement by iPhone users - this meshes with a 2014 Akamai/Limelight Supreme Court ruling. Though UPIP's direct infringement case for the patent remains, the company says "a trial is not warranted unless and until a successful appeal regarding inducement occurs."
    • UPIP adds it thinks the rulings "further exemplify the current uncertain and adverse climate in the U.S. that we perceive exists regarding patent holders’ rights, particularly with respect to narrowing (or even eliminating altogether) the scope of protection for these types of application-layer patents." It declares the decisions "underscores one of the reasons why we moved our primary enforcement focus to Europe in the beginning of 2014."
    • Yesterday: Unwired Planet up 33% over last two trading days
    | Wed, May 27, 10:44 AM | Comment!
  • Tue, May 26, 10:54 AM
    • Microcap mobile IP licensing firm Unwired Planet (UPIP +23.2%) rallied strongly on Friday, and is posting even bigger gains today. No news explaining the move has yet hit the wires.
    • 375K shares have already been traded today, topping a 3-month daily average of 220K. UPIP is 8 days removed from announcing VPs Daniel Mendez and Tom Robbins are resigning, paving the way for incoming CEO/Apple vet Boris Teksler to "assume principal responsibility for intellectual property activities." Teksler takes office on June 1.
    | Tue, May 26, 10:54 AM | Comment!
  • Tue, Apr. 14, 11:20 AM
    • Boris Teksler, formerly a VP at Technicolor and before that Apple's head of patent licensing/strategy, has been named Unwired Planet's (NASDAQ:UPIP) CEO, effective June 1.
    • Teksler effectively takes over from Phil Vachon, who has been serving as principal executive officer. Vachon will remain chairman.
    • Shares have shot higher following the news. They closed yesterday at a 52-week low of $0.55.
    | Tue, Apr. 14, 11:20 AM | Comment!
  • Thu, Mar. 19, 3:24 PM
    • Today's notable tech gainers include NFC reader vendor On Track (OTIV +10.6%), Chinese real estate site owner Leju (LEJU +12.9%), mobile accessory vendor Zagg (ZAGG +5.4%), online furniture giant Wayfair (W +6.3%), and LED/chip/storage equipment maker Veeco (VECO +4.6%). The Nasdaq is up 0.2%.
    • Notable decliners include mobile IP licensing firm Unwired Planet (UPIP -11.8%), flash storage array vendor Violin Memory (VMEM -7.1%), Chinese CDN owner ChinaCache (CCIH -6%), Chinese data center owner 21Vianet (VNET -4%), telecom equipment vendor Adtran (ADTN -4.6%), and VoIP/unified communications hardware vendor ShoreTel (SHOR -4.9%).
    • On Track might be benefiting from Apple Pay enthusiasm. Leju is more than making up the 7% drop it saw yesterday after posting mixed Q4 results, guiding for 21%-25% 2015 growth, and declaring a special dividend. Veeco, which has had accounting issues in the past, disclosed today it had replaced Ernst & Young as its auditor with KPMG.
    • Wayfair is now up 31% since its big March 4 Q4 beat. Zagg is up 46% since its iPhone 6-driven Feb. 24 Q4 beat.
    • ChinaCache announced this morning its Q4 report will arrive on March 26. 21Vianet has gradually moved lower since posting mixed Q4 results last week. Violin is reversing the big gains seen last week following multiple insider buys.
    • Previously covered: Yelp, Envivio, Novatel, Digital Turbine, Sungy Mobile, SuperCom, healthcare tech, Solar3D, China Mobile, Red Hat
    | Thu, Mar. 19, 3:24 PM | Comment!
  • Dec. 15, 2014, 12:52 PM
    | Dec. 15, 2014, 12:52 PM | 17 Comments
  • Dec. 15, 2014, 10:49 AM
    • Unwired Planet (NASDAQ:UPIP) has received a claim construction order (.pdf) for five of the patents asserted in a 2012 infringement suit against Google. The company states its "initial perception is that these results are disappointingly negative and will materially impact our case." Options are being evaluated.
    • UPIP sued Apple and Google in 2012, alleging the tech giants infringed a slew of patents related to hardware, wireless communications, and cloud services. Earlier this year, it sued Google, Samsung, Huawei, and HTC over six of the patents it acquired from Ericsson.
    • The order is the latest in a string of negative rulings to be received this year by IP licensing firms suing major tech companies.
    | Dec. 15, 2014, 10:49 AM | Comment!
  • Aug. 15, 2014, 4:09 PM
    • Thanks to the Lenovo deal, Unwired Planet (UPIP +2.5%) ended FQ4 with $146.7M in cash/investments (compares with a $226.4M market cap). Liabilities include $25.7M in long-term debt and a $12.9M fee share obligation.
    • FQ4 patent licensing expenses totaled $6.8M, up from $4.7M a year ago. G&A spend fell to $4.6M from $5M.
    • On the CC (transcript), management noted net proceeds from the Lenovo deal totaled $70M, after backing out $30M in payments to IP licensing partner Ericsson (previous). The company also mentioned "a few" of its U.S. suits should enter trial early next year, and that cases in Germany and the U.K. are set to enter trial in mid-2015.
    • FQ4 results, PR
    | Aug. 15, 2014, 4:09 PM | Comment!
  • Mar. 27, 2014, 12:45 PM
    | Mar. 27, 2014, 12:45 PM | Comment!
  • Mar. 27, 2014, 10:27 AM
    • Unwired Planet (UPIP +19.5%) chairman Phillip A. Vachon discloses he bought 25K shares on Monday at $1.97.
    • Vachon's purchase came after Unwired's shares took off last week on news the company is selling 21 patent families to Lenovo for $100M.
    | Mar. 27, 2014, 10:27 AM | Comment!
  • Mar. 27, 2014, 9:11 AM
    | Mar. 27, 2014, 9:11 AM | 2 Comments
  • Mar. 21, 2014, 9:15 AM
    | Mar. 21, 2014, 9:15 AM | Comment!
  • Mar. 20, 2014, 5:43 PM
    • Top gainers, as of 5:15 p.m.: UPIP +79.2%. COMM +12.1%. ANN +10.1%. DLR +3.9%. DQ +3.6%.
    • Top losers, as of 5:15 p.m.: AIR -7.6%. SYMC -6.5%. ADGE -6.1%. PBF -4.3%. PBR.A -3.1%.
    | Mar. 20, 2014, 5:43 PM | 1 Comment
  • Mar. 20, 2014, 5:42 PM
    • Lenovo (LNVGY) is buying 21 patent families from Unwired Planet (UPIP), including ones related 3G and 4G networks.
    • The deal gives Lenovo, now the world's #5 smartphone vendor (could be #3 after the Motorola Mobility deal closes), more negotiating leverage in cross-licensing deals.
    • Unwired Planet says it will still have 2.5K issued and pending patents once the deal closes. The company's market cap was only $142.4M as of today's close.
    • CC at 8:30AM ET tomorrow.
    | Mar. 20, 2014, 5:42 PM | 1 Comment
  • Mar. 10, 2014, 9:12 AM
    | Mar. 10, 2014, 9:12 AM | Comment!
  • Mar. 5, 2014, 3:51 PM
    • The settlement conference is related to a patent infringement suit Unwired Planet (UPIP +3.4%) originally filed against Google in 2012.
    • UPIP alleged Google was infringing 124 claims found in 10 patents covering mobile devices and cloud services, among other things. The company has since lowered the number of claims covered by its suit.
    | Mar. 5, 2014, 3:51 PM | 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
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Company Description
Unwired Planet Inc is an intellectual property licensing company with mobile technology patents and patent applications. The patents cover a range of technology associated with mobile communications.
Sector: Technology
Country: United States