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Kevin Porter

Kevin Porter
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  • Vringo: The Calm Before The Storm [View article]
    no

    after Google verdict everyone infringing willfully (Google included)

    there's no need to rush
    Feb 3 06:16 PM | Likes Like |Link to Comment
  • Vringo's Suit Against Microsoft - What The Past Tells Us [View article]
    Pretty Poor Article

    Wrong about past damages and wrong about 3.5%,
    MSFT infringement is willful

    ----------------------...

    My current VRNG valuation

    Shares outstanding 80M
    Shares outstanding including warrants/options 110M

    Total cash 60.5M
    Total cash including warrants/options 115M
    Total cash a share including warrants/options $1.05

    Google suit total likely value 1-1.5B
    MSFT & YHOO suits total likely value 225-350M
    ZTE & Other telecom suits total likely value 250-600M
    Other Google network partners not yet sued 25-50M
    (Note that all these are likely awards, not max possible awards which are higher)

    Extra suits ? not even used in this valuation
    Extra projects ? not even used in this valuation

    Suits Total likely value 1.5-2.5B
    Suits Net value 55% (after legal costs and taxes) 825M-1375M
    Suits Net a share $7.5-12.5
    Suits Net a share + Total cash a share $8.5-13.5

    The company clearly knows how to allocate cash in an accretive manner.
    Using a very conservative multiplier (1.5) the stock should be valued $13-19 a share.

    Applying an extra discount to the whole valuation my target is at least $10.
    Feb 3 03:57 PM | 11 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    I guess you can't even read
    Feb 3 09:08 AM | 1 Like Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    Moreover the laches ruling actually helps a settlement a lot

    I mean if Google had lost on all 3 segments (laches, correct 1 year calculation and 5-7% future royalties) then it would surely appeal without settling

    Now Google is the one risking extra 350M (Laches part) at appeal
    so it should be interested in a reasonable settlement

    imo about 1B is the settlement number
    Feb 2 03:55 PM | 4 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    the laches ruling out at 1pm friday caused a dip
    which was bought and the last 3 hours of trading showed strength

    the market didn't expect JJ to overrule himself on the laches issue
    and that's a positive sign

    VRNG still have a lot of merit to appeal it

    the verdict is something different since the award is not supported by evidence, JJ will have to fix himself the 15.8 158M issue or grant a new 1 day trial solely for the award calculation

    in any case the most important thing is the future royalties:
    granting the asked 7% will be worth more than 1Billion alone

    btw Google has just settled a dispute with French publishers over the excerpting of articles via Google News for $82M.
    Settling with anyone but Vringo.
    Feb 2 08:40 AM | 3 Likes Like |Link to Comment
  • Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) [View article]
    My VRNG updated valuation

    Shares outstanding 80M
    Shares outstanding including warrants/options 110M

    Total cash 60.5M
    Total cash including warrants/options 115M
    Total cash a share including warrants/options $1.05

    Google suit total likely value 1-1.5B
    MSFT & YHOO suits total likely value 225-350M
    ZTE & Other telecom suits total likely value 250-600M
    Other Google network partners not yet sued 25-50M
    (Note that all these are likely awards, not max possible awards which are higher)

    Extra suits ? not even used in this valuation
    Extra projects ? not even used in this valuation

    Suits Total likely value 1.5-2.5B
    Suits Net value 55% (after legal costs and taxes) 825M-1375M
    Suits Net a share $7.5-12.5
    Suits Net a share + Total cash a share $8.5-13.5

    The company clearly knows how to allocate cash in an accretive manner.
    Using a very conservative multiplier (1.5) the stock should be valued $12.75-20 a share.

    Applying an extra discount to the whole valuation my target is at least $10.
    Feb 1 08:45 AM | 2 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    My VRNG updated valuation

    Shares outstanding 80M
    Shares outstanding including warrants/options 110M

    Total cash 60.5M
    Total cash including warrants/options 115M
    Total cash a share including warrants/options $1.05

    Google suit total likely value 1-1.5B
    MSFT & YHOO suits total likely value 225-350M
    ZTE & Other telecom suits total likely value 250-600M
    Other Google network partners not yet sued 25-50M
    (Note that all these are likely awards, not max possible awards which are higher)

    Extra suits ? not even used in this valuation
    Extra projects ? not even used in this valuation

    Suits Total likely value 1.5-2.5B
    Suits Net value 55% (after legal costs and taxes) 825M-1375M
    Suits Net a share $7.5-12.5
    Suits Net a share + Total cash a share $8.5-13.5

    The company clearly knows how to allocate cash in an accretive manner.
    Using a very conservative multiplier (1.5) the stock should be valued $12.75-20 a share.

    Applying an extra discount to the whole valuation my target is at least $10.
    Feb 1 08:45 AM | 5 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    or

    it puts a lot of pressure on all the players (GOOG MSFT YHOO)
    to buy the patents or VRNG and use them against the others
    Feb 1 08:31 AM | 3 Likes Like |Link to Comment
  • Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) [View article]
    http://bit.ly/UGpGzR

    this one explains shorts escalation better

    more than 14M shares short for the 1st time, really ridicolous
    Jan 31 11:55 AM | Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    yes, it could be

    MSFT (and very likely YHOO) obviously puts a lot of pressure
    on GOOG to settle/buyout and viceversa too
    Jan 31 10:37 AM | 3 Likes Like |Link to Comment
  • Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) [View article]
    VRNG suing MSFT... YHOO next...

    great !!

    Bidding war starting soon ?
    Jan 31 09:46 AM | 2 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    VRNG suing MSFT... YHOO next...

    great !

    Bidding war starting soon ?
    Jan 31 09:45 AM | 3 Likes Like |Link to Comment
  • Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) [View article]
    Vringo Files Lawsuit Against Microsoft
    Jan 31 09:25 AM | 3 Likes Like |Link to Comment
  • Could Neonode Be An Acquisition Candidate? (And Other Stock Updates) [View article]
    ''Craig-Hallum goes through all of NEON design wins in a recent research report.''

    VRNG is meeting with Craig-Hallum exactly today in New York
    Jan 31 09:09 AM | 2 Likes Like |Link to Comment
  • Vringo: The Calm Before The Storm [View article]
    Fun how Altucher in that article writes
    ''Craig-Hallum goes through all of NEON design wins in a recent research report.''

    VRNG is meeting with Craig-Hallum today in New York
    Jan 31 09:08 AM | 4 Likes Like |Link to Comment
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