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VirnetX Holding Corporation

5/26/2013, 4:56 AM ET

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Monday, April 22, 3:59 PM VirnetX (VHC +3.7%) spiked in afternoon trading after filing a new infringement suit against Microsoft, with this one aimed against its Skype unit. VirnetX, which is suing in the same East Texas district in which it has filed suit against Apple and Cisco (with mixed results), alleges Skype (said to be uncovered by an existing licensing agreement between VirnetX and Microsoft) is infringing six of the company's patents. Comment! [Tech, On the Move]
Tuesday, April 16, 10:59 AM VirnetX (VHC +7.9%) jumps after Apple files a notice of withdrawal for its motion for sanctions in its ITC dispute with VirnetX. Apple and VirnetX had been granted an extension last week to "reach a written agreement" regarding Apple's motion, as VirnetX focuses on fighting Apple through U.S. district courts after $368M Texas verdict was upheld. 1 Comment [Tech, On the Move]
Wednesday, April 10, 2:07 PM VirnetX (VHC +6.8%) shoots higher as an ITC administrative law judge grants a 3 business day extension (to April 15) for VirnetX and Apple to "reach a written agreement" regarding an Apple motion for sanctions in their IP dispute. VirnetX stated in February it plans to withdraw its ITC complaint against Apple, after a $368.2M verdict in a Texas suit was upheld. Comment! [Tech, On the Move]
Tuesday, April 9, 10:41 AM VirnetX (VHC +3.8%) rallies after announcing the European Patent Office has issued a notice indicating it intends to grant VirnetX a patent related to 3rd-party VPN certification. The company's patent suits against Apple and Cisco involve VPN-related IP. (PR) (yesterday) Comment! [Tech, On the Move]
Monday, April 8, 12:49 PM VirnetX (VHC +9.4%) surges after stating it has identified another developing specification for 4G core networks for which its patents/applications "are or may become essential." Altogether, VirnetX says it has identified 18 such specifications or developing specifications. Shares fell 7% on Friday in the absence of major news. (PR) (previous) 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]
Wednesday, April 3, 1:23 PM VirnetX (VHC +4.4%) catches a bid as it files a request for a new infringement trial against Cisco. The IP holding firm alleges Cisco was guilty of "inappropriate conduct and arguments" during a recently-concluded trial in which a Texas jury found Cisco not guilty of infringement. Shares had plunged to new 52-week lows over the last two days. 4 Comments [Tech, On the Move]
Monday, March 25, 12:47 PM Midday top 10 gainers: STXS +56%. VBFC +14%. LEDS +13%. ERII +11%. VECO +11%. HZNP +10%. APOL +10%. SRT +10%. GSV +10%. EQU +9%.
Midday top 10 losers: PGTI -16%. IDIX -15%. JASO -13%. TSL -13%. TOPS -13%. VHC -11%. FREE -10%. JE -10%. YGE -10%. BWEN -10%. Comment! [On the Move]
Monday, March 25, 10:52 AM VirnetX (VHC -10.1%) is tumbling to fresh 52-week lows on strong volume, as the Street continues weighing the fallout of an adverse jury ruling in its patent suit against Cisco. Last week, the judge presiding over the suit issued a final judgment declaring 12 VirnetX patent claims are not invalid, and denying all pending motions. 28 Comments [Tech, On the Move]
Friday, March 15, 10:43 AM More punishment is administered to VirnetX (VHC -8.5%) in response to yesterday's legal defeat. VirnetX has issued a PR noting the Texas jury handling its suit against Cisco did conclude the patent claims asserted by VirnetX were valid (Cisco was claiming prior art), while also concluding Cisco isn't infringing the claims. The company insists yesterday's verdict won't affect its legal victory over Apple. William Blair has dropped coverage of VirnetX; Cowen and Gilford Securities (.pdf) remain bullish. Comment! [Tech, On the Move]
Friday, March 15, 9:15 AM Premarket gainers: CNP +10%. SNE +8%. ZGNX +6%. OGE +6%. PANL +5%.
Losers: GLDD -22%. ULTA -14%. STEC -13%. ARO -7%. VHC -6%. CG -6%. KKD -5%. Comment! [On the Move]
Thursday, March 14, 3:48 PM VirnetX (VHC -29.7%) has lost its infringement suit against Cisco (CSCO), as the jury deliberating over the suit rules against the company. VirnetX, which had been seeking $258M in damages for infringement of its VPN IP, is likely to appeal. Shares are cratering in the meantime. (earlier) 4 Comments [Tech, On the Move]
Thursday, March 14, 2:28 PM The jury handling VirnetX's (VHC -12.3%) infringement suit against Cisco has failed to reach a unanimous verdict, and has been ordered to continue deliberations. VirnetX shares have dived over the last 30 minutes on the news, but have rebounded some from their lows. 2 Comments [Tech, On the Move]
Wednesday, March 13, 10:15 AM A verdict in VirnetX's (VHC +1.7%) infringement suit against Cisco is expected today (most likely this afternoon), Cowen writes. Successful procedural motions during the trial, and the fact the battle with Cisco dovetails with a suit against Apple that resulted in an infringement verdict, leave Cowen optimistic. 1 Comment [Tech]
Wednesday, February 27, 9:10 AM VirnetX (VHC) +4.7% after a $368.2M jury verdict in its Texas suit against Apple (AAPL) is upheld. Apple's motions for a new trial and reduced damages were denied, and the company has been ordered to pay $330K in daily damages and $33.6K in daily interest up to final judgment. However, VirnetX's request for a permanent injunction was also denied; the companies have been given 45 days to "mediate over a license." VirnetX says it now plans to withdraw its ITC complaint against Apple. 2 Comments [Tech, On the Move]
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]