Fidelity SPDR Advertisement
Home > Boards > US Listed > Internet - E-Commerce > Vringo, Inc. (VRNG)

Vringo Soars 24% after Court Says Entitled to

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
[SMART MONEY]  Member Profile
Member Level 
Followed By 2,108
Posts 73,189
Boards Moderated 22
Alias Born 08/05/09
160x600 placeholder
Quarterly Report (10-q) "Edgar (US Regulatory)" - 11/4/2014 4:15:38 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/3/2014 8:00:36 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/12/2014 8:30:11 AM
Amended Statement of Ownership (sc 13g/a) "Edgar (US Regulatory)" - 9/8/2014 3:54:46 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/18/2014 12:40:49 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 8/18/2014 12:37:20 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/15/2014 5:00:06 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/6/2014 4:10:45 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/6/2014 4:05:37 PM
VRINGO ANNOUNCES THAT THE USPTO AGAIN CONFIRMS VALIDITY OF THE '420 PATENT ASSERTED IN LITIGATION WITH GOOGLE "Thomson Reuters ONE" - 7/2/2014 11:18:58 AM
VRINGO FILES LAWSUIT AGAINST ZTE IN MALAYSIA "Thomson Reuters ONE" - 6/30/2014 9:00:45 AM
VRINGO FILES LAWSUIT AGAINST ZTE IN ROMANIA "Thomson Reuters ONE" - 6/26/2014 9:00:34 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/20/2014 8:30:52 AM
VRINGO INVESTORS EXERCISE WARRANTS, COMPANY RECEIVES $10 MILLION IN CASH "Thomson Reuters ONE" - 6/20/2014 8:30:28 AM
BRAZILIAN COURT UPHOLDS INJUNCTION AGAINST ZTE FOR INFRINGEMENT OF VRINGO PATENT "Thomson Reuters ONE" - 6/18/2014 8:45:44 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/11/2014 3:30:34 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 5/16/2014 12:55:08 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 5/8/2014 4:09:51 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/8/2014 4:02:02 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/30/2014 8:01:55 AM
Investors are betting against Vringo (VRNG), Should You? - Tale of the Tape "Zacks" - 4/28/2014 9:29:01 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 4/7/2014 10:42:11 AM
Information Technology Stocks Pre-Market Notes: Vringo, Cadence Design Systems, Adobe Systems, and Nuance Communications "PR Newswire (US)" - 3/14/2014 8:17:00 AM
Information Technology Stocks Pre-Market Notes: Vringo, Cadence Design Systems, Adobe Systems, and Nuance Communications "PR Newswire (US)" - 3/14/2014 8:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 3/10/2014 4:42:38 PM
[SMART MONEY] Member Level  Thursday, 01/23/14 07:17:41 AM
Re: Beth4 post# 47787
Post # of 56359 
Vringo Soars 24% after Court Says Entitled to ‘Ongoing Royalties’ from Google, Others
.




By Tiernan Ray

Shares of patent holding company Vringo (VRNG) were briefly halted this afternoon before the company announced that the U.S. District Court for the Eastern District of Virginia, Norfolk Division, found the company is entitled to “ongoing royalties” in its lawsuit against a group of companies including Google (GOOG) and AOL (AOL).

The shares have now resumed trading and are up 73 cents, or almost 24%, at $3.86.

Vringo is scheduled to have settlement talks with defendants later today.

Vringo has been suing Google and the others on grounds their Web search efforts infringed on fundamental technologies whose patents Vringo has acquired over the years. The amounts proposed by the jury seem to be lower than some were expecting, given the shares traded off on the announcement. (For further background, see the long TechCrunch article back in April of 2012 by James Altucher.)

Today’s announcement follows a January 3rd court document stating the company was entitled to supplementary damages. That follows an initial $30 million judgment in the company’s favor back in November.

Vringo had fallen on that initial November ruling, as the judgment was smaller than some investors had been expecting. The stock plunged back in October when word first came that the judge in the matter had limited the damages in the case.

Vringo shares are up 18% in the last 12 months.
http://blogs.barrons.com/techtraderdaily/2014/01/22/vringo-soars-24-after-court-says-entitled-to-ongoing-royalties-from-google-others/?mod=tech

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist