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  • Huge Patent Potential With Spherix [View article]
    "A positive verdict against Google (GOOG) sent the stock to highs above $5.50, but the stock has crashed back to around $3 as questions mount to whether the company will receive the expected proceeds in that case."

    A flat-out incorrect statement. The share price of VRNG spiked above $5.50 ($5.73 to be precise) almost a full month before the jury trial even began, and started the slide back to mid-low $4 range before the trail even began.
    Aug 1 10:07 AM | 1 Like Like |Link to Comment
  • Vringo: PTO Ruling Significantly Undervalued [View article]
    Agreed, its refreshing to see VRNG back at levels it was near at this point last year.

    I'm still baffled though. I hadn't missed the USPTO ruling Wednesday, and I'm sure almost no one that follows VRNG on a regular basis did either. I thought for a few minutes JJ had ruled and the market was reacting sluggishly to that. Which leaves the question of what triggered all the price movement today.

    It couldn't have been the USPTO ruling; if it were, than why the quick spike Weds and the delay for further run-up until today? As much clout as many of the contributors have here on SA and elsewhere, I don't see any articles or reversals of rationale that coincide with said run-up.

    I'm not complaining, but when I don't understand what's going on, I get antsy.
    Jul 26 07:31 PM | Likes Like |Link to Comment
  • Vringo: PTO Ruling Significantly Undervalued [View article]
    Has there been a ruling? This price movement is ridiculous!
    Jul 26 12:06 PM | Likes Like |Link to Comment
  • Vringo: PTO Ruling Significantly Undervalued [View article]
    wretched- That may be true, but what you suggest is disingenuous. While GOOG's initial request for USPTO re-exam may not have moved the PPS, you will remember that the initial rejection of the '420 patent in Nov '12 did (nearly coincident with the start of the jury trial, IIRC) result in movement.

    This is not simply noise; one of GOOG's opportunities to potenially deny VRNG royalties and clutter court proceedings has been removed. I agree with some of the other posters above though, the muted reaction by the market is not a bad thing (ignoring todays gains), I think it is possible that because of this development we will see a more exacerbated market reaction when the final ruling is issued, since that is where VRNG's real market value will actually be realized.
    Jul 26 11:46 AM | 1 Like Like |Link to Comment
  • Is This The Google "Workaround"? [View instapost]
    Justin Giles put it best a while back but I'll paraphrase here: GOOG is risking their bread and butter core business, losing customers and their primary revenue base, on the order of several billion per quarter, just to try and avoid a payment that will only just exceed 1 billion. Its sheer lunacy, and if I were a GOOG shareholder, I would not be happy. They are having enough issues with their advertising business the past several quarters to begin with...
    Jul 22 07:48 PM | Likes Like |Link to Comment
  • Is This The Google "Workaround"? [View instapost]
    Why have a workaround? Intelligent hedge for one and dealing with the reality at hand for two.

    Google has a jury verdict (and sometime this century a final ruling from JJ) working against them. Whatever else may happen with appeals, USPTO review, new laws in Congress, whatever; they need to be prepared for the eventuality that they 'lose' on all counts and have to start paying up. From their perspective, it's best to try and have damage control in place now 'just in case'.

    They may feel that they weren't guilty of infringement and feel that they still aren't, but a court has found otherwise and for GOOG that's a practical reality that must be dealt with.
    Jul 22 07:31 PM | 1 Like Like |Link to Comment
  • Is This The Google "Workaround"? [View instapost]
    Looks like it may be. It certainly is interesting having read through the transcript that Page takes care to note how quickly it has been and is being implemented.

    The problem is that's the really the only evidence that this is Google's alleged workaround to the '420 and '664 patent. After reviewing Google's own webpage on the enhanced campaigns, its not clear to me how they remove or circumvent the functionality of the '420 or '664 patent. (Link: http://bit.ly/17sPweZ)

    My hats are off to them though, they've done a brilliant job of clouding up the issue.
    Jul 20 11:06 AM | 1 Like Like |Link to Comment
  • Vringo: Some Things Patent Investors Should Know About The Federal Circuit [View article]
    mw- Still pays well, but getting a job as a lawyer is getting tougher, particularlly right out of college. http://1.usa.gov/123fozI

    stockhawk- I agree wholeheartedly, this is a very well written article.
    Jul 19 09:27 AM | Likes Like |Link to Comment
  • This Insider Just Bought A Bunch Of Vringo Shares, Should You? [View article]
    @David- I couldn't agree with you more. But you should realize being realistic over hyper-bullish on this stock seems to be expressly forbidden.

    @EMS- I had a lot of respect for GOOG before I researched this whole debacle. They lost a lot of it with how they've treated VRNG.

    @vito- VRNG are no fools, but to be fair, I think the MSFT settlement was a dubious agreement on their part. I should have been a little more clear in my original post, I was using buyout and settlement interchangibly at one point. Kevins number looks a little pie in the sky at this point for a settlement, I'd think a number around 6-8$ a share would garner mutual interest if it was offered. I do feel that there is no way GOOG would make this generous of an offer, they would undoubtedly give a super-lowball offer to VRNG and, as you say, VRNG are no fools.
    Jun 24 08:19 AM | Likes Like |Link to Comment
  • This Insider Just Bought A Bunch Of Vringo Shares, Should You? [View article]
    I assume you're talking to my first statement Kevin:

    No I'm not sure, but I'm pretty confident. I agree, from a monetary standpoint, buyout/settlement makes sense in VRNG vs. GOOG from GOOG viewpoint. But consider the following.

    1) I don't think GOOG could care less about "be called guilty for at least 2 years if not forever." Losing litigation and appeals was always on the table for them and not a concern. (Heck losing appeals is the first step to the surpreme court, which is where GGOG feel's this case ultimately belongs.) Politically, they don't feel it is right that VRNG is able to do what they are doing and losing in a courtroom and losing money is superflorous to this end. Monetarily, they may see a buyout as invitation to other small-caps to sue them, more costly to GOOG in the long run.

    2) At this point, why would VRNG want to settle? They have a jury verdict in hand. They know they are going to get running revenues from GOOG (or, at a minimum, know it is extremely likely). They have a settlement from Microsoft, which bears out that they are in this for the long term (actual monetary value of that settlement aside). They know they are going to get lowballed by GOOG anyway, why waste time with them at this point. (To your point, I don't think a buyout offer from GOOG is going to come anywhere near $12.50. I would agree with you that a fair value/target price for VRNG in the next 2 years would be in the 10-12.50 range.)
    Jun 20 04:05 PM | 1 Like Like |Link to Comment
  • This Insider Just Bought A Bunch Of Vringo Shares, Should You? [View article]
    Spot on synopsis, but as I've said before and will continue to re-iterate, GOOG is not motivated by the finacials of the situation, they are motivated by the "principles" of said situation.

    On the other hand, is a hostile takeover still on the table for GOOG? I did some cursory research into it a while back but ruled it out in my analysis as too unlikely.
    Jun 20 02:04 PM | Likes Like |Link to Comment
  • This Insider Just Bought A Bunch Of Vringo Shares, Should You? [View article]
    Non-issue, shares have been trading tight in the 2.90-3.10 range in the past few weeks while waiting for a final ruling from JJ. The price has barely deviated from the 2.70-3.30 in the past months following trial (with a small handful of exceptions.)

    Justin, great article and analysis. I did a limited amount of research after reading your article, and Mr. Spiegel does not strike me as the type to be imprudent with his own money. This is a small but telling plug for VRNG longs.
    Jun 20 01:59 PM | Likes Like |Link to Comment
  • 5 Reasons I Wouldn't Want To Be Shorting Vringo Right Now [View article]
    Not sure 'statistical average' is the right term, but it certainly appears that 6 years is the precedent for laches from the (limited) research I've done.

    Someone may want to let JJ know that...
    Jun 10 04:58 PM | Likes Like |Link to Comment
  • 5 Reasons I Wouldn't Want To Be Shorting Vringo Right Now [View article]
    Apologies all, my statement earlier regarding life of patents is slightly inaccurate.

    "Under current U.S. law, the term of patent is 20 years from the earliest claimed filing date (which can be extended via Patent Term Adjustment and Patent Term Extension). "

    Oatbtc- You are mostly correct (here's an overview link for anyone interested on the background of laches http://bit.ly/11t7WIh ). It is ultimately up to the court to decide whether it is applicable.

    My point about past infringement still stands. Granted, they may just be patents collecting dust, as you put it, but that remains to be seen either way.
    Jun 9 04:22 PM | Likes Like |Link to Comment
  • Thoughts On Google's Motion For Leave To File Supplemental Evidence [View article]
    My earlier statement is incorrect, apologies all. From the wiki overview page and USPTO website:

    "Under current U.S. law, the term of patent is 20 years from the earliest claimed filing date (which can be extended via Patent Term Adjustment and Patent Term Extension). "
    Jun 9 04:09 PM | 1 Like Like |Link to Comment
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60 Comments
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