Dec. 15, 2014, 12:52 PM
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.
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
Mar. 27, 2014, 12:45 PM
Mar. 27, 2014, 10:27 AM
Mar. 27, 2014, 9:11 AM
Mar. 21, 2014, 9:15 AM
Mar. 20, 2014, 5:43 PM
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. 10, 2014, 9:12 AM
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.
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.
Nov. 29, 2013, 11:31 AM
Nov. 29, 2013, 8:54 AM
- Shares of Unwired Planet (UPIP) jump 20% pre-market after SA Contributor Stock Investor argues the case for a potential upside of 50% based on the valuations of other patent plays and a Markman hearing scheduled for Nov. in the company's patent lawsuit against Apple.
- 40% of Unwired Planet's market cap sits in cash, the author observes, and the company's "portfolio is extensive, covers all mobile technology, and is much broader and more relevant than those of" its peers, including Document Security Systems, which has run up 104% on the month.
Jun. 28, 2013, 5:19 PMUnwired Planet (UPIP) announces a $50M financing deal to support its patent-acquisition/licensing efforts. The company is selling $25M worth of senior notes, $12.5M worth of common stock, and $12.5M worth of equity rights to existing shareholders. At current levels, the equity sales would increase UPIP's share count by ~14%. The company had $48.5M in cash/investments on its balance sheet as of March 30, and no debt. (Ericsson deal) | Comment!
Jan. 11, 2013, 12:45 PM
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