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Vringo, Inc.

6/19/2013, 7:50 PM ET

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Wednesday, June 5, 1:05 PM The White House officially unveils 5 executive actions and 7 legislative proposals aimed at patent trolls. In addition to previously-reported items (I, II), the White House plans to review ITC procedures for setting import bans, and recommends giving businesses "better legal protection" for using products targeted by suits. Though many tech companies applaud the move, Microsoft (MSFT) is worried it "targets software innovations more broadly." Quartz isn't impressed, arguing (among other things) the action doesn't touch existing patents, and that the USPTO remains understaffed. Potentially affected companies: ACTG, WILN, VRNG, VHC, RPXC. 16 Comments [Tech]
Tuesday, June 4, 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. 7 Comments [Tech, On the Move]
Thursday, May 30, 9:13 AM Premarket gainers: NVE +22%. CLWR +20%. MY +15%. CLSN +13%. HSOL +12%. CPST +10%. EXPR +9%. LXRX +8%. BLDP +8%. VRNG +7%. RSOL +6%. WFR +6%. AMRN +6%. FSLR +6%. ALU +6%. EMC +6%. STP +5%. HIMX +5%. OCZ +5%.
Losers: ABIO -31%. BIG -9%. VNR -5%. BPFH -5%. 1 Comment [On the Move]
Thursday, May 30, 7:29 AM Vringo (VRNG) subsidiary I/P Engine settles with Microsoft (MSFT) to resolve patent litigation pending in federal court. Shares +11.9% premarket. (PR) 15 Comments [Tech, Breaking News, On the Move]
Thursday, May 9, 5:18 PM Vringo (VRNG): Q1 EPS of -$0.15 misses by $0.11. 4 Comments [Earnings, Breaking News, Tech]
Friday, May 3, 3:55 PM The USPTO has maintained its rejection of claims in Vringo's (VRNG -3%) '420 patent, the company announces. An initial, non-final rejection had been made last September following a request by Google to re-examine the patent. Vringo says it will appeal the ruling. The USPTO is also re-examining Vringo's '664 patent, for which Google is alleging prior art. (PR) 14 Comments [Tech]
Wednesday, May 1, 1:43 PM Vringo (VRNG +7.1%) spikes higher after announcing the Virginia district court handling its suit against Google, AOL, IAC, Gannett, and Target denied a motion from the defendants to "Compel the Deposition" of Vringo witness Stephen Becker, and to increase the time to oppose Vringo's motion for post-judgment royalties. Moreover, the defendants have been ordered to respond to Vringo's motion in 10 days. (PR) (previous) (Vringo's motion) 3 Comments [Tech, On the Move, Breaking News]
Wednesday, April 24, 8:49 AM Vringo (VRNG) CFO Ellen Cohl is leaving. Replacing her (effective May 6) is Anastasia Nyrkovskaya, who was most recently the Assistant Global Controller at NBC Universal. (PR) 4 Comments [Tech]
Wednesday, April 17, 9:12 AM Premarket gainers: VRML +29%. ACUR +26%. OCZ +18%. CUR +9%. ALKS +9%. ABMD +9%. ASML +6%.
Losers: EOPN -29%. INWK -25%. CXW -15%. MHR -12%. ZGNX -11%. TXT -9%. CRUS -7%. VRNG -6%. 1 Comment [On the Move]
Tuesday, April 16, 7:15 PM Vringo (VRNG) -2.7% AH after SA contributor Patent Plays makes note of a Google motion filed today in which the search giant claims to have developed an AdWords workaround that would allow it to avoid infringing Vringo's IP. Though granting Google might be bluffing, the author believes otherwise, and notes Google's hard-line stance towards IP suits from non-practicing entities (NPEs) gives it extra motivation to try and dissuade would-be litigants. 8 Comments [Tech, On the Move]
Sunday, April 14, 10:43 PM The rest of the top 25 June additions to the Russell 2000 expected by Credit Suisse: GNMK, AVIV, FBC, TTS, UNXL, GARS, REMY, BNCN, CBK, VRNG, LFVN, GTN, NLS, ENT, AMRI, POWR, DCO, INSM, CUTR, PPBI. "Very few of the bigger adds are owned by actively managed small cap funds," notes CS. Comment! [Quick Ideas]
Wednesday, April 3, 2:08 PM The Virginia court handling Vringo's (VRNG +5.9%) infringement suit against Google, AOL, IAC, Gannett, and Target has ordered the aforementioned companies to respond to Vringo's motion for post-judgment royalties in 15 days. The court has also denied the defendants' renewed motions for Judgment as a Matter of Law on invalidity, non-infringement, and damages or a new trial, and denied Vringo's motion for a new trial on the dollar amount of past damages. Shares are trading higher after a halt. (PR) (previous) 9 Comments [Tech, On the Move]
Monday, April 1, 10:28 AM More on Vringo: Maxim's John Tinker is out with a bullish report. Tinker, who maintains a $10 PT, thinks Microsoft could buy Vringo to help pursue an infringement case against Google, and estimates the net proceeds from a legal win against Microsoft could amount to $0.73/share. He also thinks Vringo could settle with ZTE to prove its cash-generating ability, and estimates a "reasonable value" of $2.87/share for a Google win. (previous) 4 Comments [Tech, On the Move]
Monday, April 1, 9:53 AM Vringo (VRNG +5.4%) adds to the big gains it saw on Friday on Microsoft settlement hopes after announcing it has filed a fresh suit against ZTE, this time in France. Vringo, which sued ZTE in the U.K. and Germany last year, alleges the Chinese OEM is infringing "the French part" of two Vringo EU patents. 2 Comments [Tech, On the Move]
Monday, April 1, 9:11 AM Premarket gainers: KWK +33%. BCRX +30%. SNFCA +23%. TSLA +16%. AM +12%. VRNG +10%. PAL +6%. Comment! [On the Move]
Thursday, March 28, 5:36 PM After-hours top gainers, as of 5:15 p.m.: LODE +3.8%. CWH +2.5%. VRNG +1.9%. EBR +1.8%. ZOLT +1.7%.
After-hours top losers: RRMS -3.3%. SPIL -3.2%. OREX -1.7%. NUGT -1.4%. LDP -1.4%. Comment! [On the Move]