UPDATE: Vringo (VRNG) Awarded $30M In Google (GOOG) Patent Case, Will Receive Royalties Until 2016
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Vringo (VRNG) Updates on Patent Litigation; Says Legal Team Reviewing, Will Address at Post-Trial
November 7, 2012 1:25 PM ESTVringo, Inc. (AMEX: VRNG) provided an update to shareholders.
Yesterday, a jury in U.S. District Court in Norfolk, Virginia ruled in favor of Vringo, Inc.'s wholly-owned subsidiary, I/P Engine, Inc. in its litigation against AOL, Inc. (NYSE: AOL), Google, Inc. (Nasdaq: GOOG), IAC Search & Media, Inc. (Nasdaq: IACI), Gannett Company, Inc. (NYSE: GCI), and Target Corporation (NYSE: TGT) (collectively, "Defendants") with... More
Vringo (VRNG) Verdict Vs. Google (GOOG) Worth ~$500M; Expects Appeal - Maxim Group
November 7, 2012 9:59 AM ESTThe only analyst that covers Vringo (NYSE: VRNG) weighed in after yesterday's important court victory against Google (Nasdaq: GOOG) and others.
Maxim Group's John Tinker estimates that the awarded 3.5% royalty on a going-forward basis could be worth ~$500M until April 2016. Also, amidst much confusion, the jury only awarded ~$30M in past damages, starting from the filing date in September 2011.
Tinker comments, "VRNG originally claimed $493M in damages going back six years; of these original damages claimed, $451M applied to GOOG. The jury... More
Vringo (VRNG) Details Final Verdict from Litigation with Google (GOOG), AOL (AOL), Others
November 6, 2012 2:30 PM ESTVringo, Inc. (AMEX: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today announced a verdict in its wholly-owned subsidiary I/P Engine, Inc.'s case against AOL, Inc. (NYSE: AOL), Google, Inc. (Nasdaq: GOOG), IAC Search & Media, Inc. (Nasdaq: IACI), Gannett Company, Inc. (NYSE: GCI), and Target Corporation ("Target") (collectively, "Defendants") with respect to the Defendants' infringement of the asserted claims of U.S. Patent Nos. 6,314,420... More
Vringo (VRNG) Halted as Google (GOOG) Verdict Likely In
November 6, 2012 12:42 PM ESTAfter being halted numerous times Tuesday on volatility pauses due to the wild price swings in the market, shares of Vringo, Inc. (NASDAQ: VRNG) is now halted with "news pending," suggesting a jury verdict in the important Google (NASDAQ:... More
Vringo, Inc. (VRNG) trading halted with news pending
November 6, 2012 12:31 PM ESTVringo, Inc. (AMEX: VRNG) trading halted with news pending.... More
Vringo (VRNG) Resumes Trading, Shares Up ~2%
November 6, 2012 10:25 AM ESTVringo, Inc. (NYSE: VRNG) resumes trading, shares now just about 2 percent higher.... More
Vringo (VRNG) Puased Again, Shares Down 1.3%
November 6, 2012 10:21 AM ESTVringo, Inc. (AMEX: VRNG) shares paused again following an initial drop. The stock is down 1.3 percent at the halt.... More
Vringo, Inc. (VRNG) Resumes, Shares Bounce Higher
November 6, 2012 10:19 AM ESTVringo, Inc. (NYSE: VRNG) shares resume trading, shares are now bouncing higher after a 24 percent drop.... More
UPDATE: Vringo, Inc. (VRNG) trading paused for volatility
November 6, 2012 10:14 AM EST(Updated - November 6, 2012 10:16 AM EST)
Vringo, Inc. (AMEX: VRNG) trading paused for volatility.
Shares are down over 24 percent at the halt with volume of 6.4 million shares. For reference, the average daily volume is about 7.6 million shares.
Vringo is currently in patent litigation with Google.... More
Unusual 11 Mid-Day Movers 11/05: (ICAD) (NTE) (BMRN) Higher; (EBIX) (RDN) (PCYC) Lower
November 5, 2012 12:52 PM ESTiCAD, Inc. (Nasdaq: ICAD) 53.0% HIGHER; announced the U.S. Centers for Medicare & Medicaid Services (CMS) has issued an improved payment policy for Intraoperative Radiation Therapy (IORT), which is delivered by the Companys Xoft Axxent Electronic Brachytherapy System. In the 2013 Final Rule issued November 1, 2012, CMS unpackaged the IORT payment codes and assigned a distinct payment value for IORT treatment delivery. CMS assigned IORT treatment delivery to the same ambulatory payment classification as Stereotactic Radiosurgery, MRgFUS and MEG, Level 1. The payment value for IORT treatment delivery in the... More
Vringo (VRNG) Sees Wild Intra-Day Price Swing
November 5, 2012 10:21 AM ESTVringo, Inc. (NYSE: VRNG) is seeing wild action intra-day. After spiking as high as 26.4%, shares are now up just 10%.
Investors are eagerly awaiting results from the jury trial with Google.... More
Vringo (VRNG) Ticks Higher Amid Recent Insider Activity
November 5, 2012 9:22 AM ESTVringo (AMEX: VRNG) is on the move Monday morning amid disclosure of recent insider trades late last Friday.
Several Form 4s were filed with the U.S. SEC disclosing transactions made on October 31st by several key people at Vringo.... More
