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WesBEnterprise

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  • Vringo (VRNG) has won its patent suit against Google (GOOG). The company has been awarded $30M in damages and a royalty on Google search ad revenue through 2016, when Vringo's patent expires - some reports indicate the royalty rate is 3.5%. Google will almost certainly appeal. Vringo shares remain halted. [View news story]
    These were not the Nokia patents.
    Nov 6, 2012. 03:35 PM | Likes Like |Link to Comment
  • Buy Vringo To Get Something For Nothing? [View article]
    Modernist, I bought into it because James laid out a compelling argument, in terms of the history of relevant patents, the patents in question, their relationship to GOOG's technology, the players involved, and the forthrightness of his position.

    We'll see how this plays out.
    Apr 4, 2012. 01:28 PM | Likes Like |Link to Comment
  • Buy Vringo To Get Something For Nothing? [View article]
    Very good unbiased reflection on this interesting episode.

    However, this does go to show that the price of various, and virtually infinite, variables is NOT factored in. Markets are NOT 100% efficient. Othrwise, I personally would have known about this a month ago and bet at a much lower price on my own analysis of the probably outcomes (maybe 5% of $350mm as you mentioned). But it was not until I stumbled upon Altucher's article (whom I read semi-regularly) that it came to my attention and I took a position.

    I am LONG VRNG though I have hedged my initial position with today's gains.
    Apr 3, 2012. 10:17 AM | Likes Like |Link to Comment
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