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I am really pissed off! I got acrewed out of about
7 thousand dollars by Rubicon! Why didn't tgeu
Sue the bastards that lied about results? This is
Bullshit! People shpuld be in prison for this!!! It's plain to see
That they were scamming investors! Now i lose
95 % while othwrs walk away with the money after
Lying for years??? This is a huge fraud and it now
Looks like the government is in on it too!
Makes me want to puke!!!
Fucking scumbag criminals!!!
So what are we to make of ZTE withdrawing their request for a trial buy Jury? Would that not prolong things considerably?
Are they now wising up and realizing the futility of all of this litigation and the costs must be outrageous for them as well.
I would bet they are probably equal to or even more than Vringo's costs. In addition to this, they continue to lose sales and their products are becoming obsolete with the passage of time. They are losing business with those whom they had worked so hard to establish relationships with in Brazil and in Romania. They are also losing faith in the business community due to their denial and refusal to bargain in good faith as well.
Perhaps they have seen the light and are going to make a genuine effort to make things right and make things go away so that they can once again pursue their intended business plans and goals?
Time will tell I suppose. But is strikes me as rather odd for them to forego a Jury trial if it is their intention to continue to stall and prolong matters indefinitely.
Very sad day for everyone in the USA!!! It says that you can
steal and get away with it if you have money power and influence.
It is a disgusting thing to witness. Nobody can have confidence that they can protect themselves. Your work product is not yours and anyone can steal it and use it at will.
Jury verdicts also have been declared useless and only a facade. This is a huge travesty and something that should have been reversed!!!! The little guy has no chance any longer and the SCOTUS has just etched this in stone. Congratulations to Corporate America for completely corrupting our judicial system and compromising the last hope for regular people here in the USA.
I might just go puke now!!!
This is very interesting. It shows just how dirty both ZTE and GOOGLE are.
Is this the start of another several hundred million dollar lawsuit against Google? It surely looks like they are doing some dirty dealings behind the scenes and they are helping ZTE.
Not like they didn't know what an NDA is. So did they not also offer a brief supporting ZTE? Wow this could really blow up on both of them and in a US court too!!!
ZTE looks really bad and it is being made very public.
Its about how much ZTE is losing. They are not selling those products. But guess what, companies are buying products from their competitors. So ZTE is losing out on those sales and they are losing market share also. This equates to large losses for many years as potential customers go elsewhere to fill their needs. And once they establish a relationship with ZTE's competitors they will probably be lost forever. This is not confined to the UK either. Romania and Brazil also. So it will cost them tens if not hundreds of millions of dollars over time.
Once these actions are decided and complete, then Vringo will file other actions in other countries on the same patents and this will only serve to compound ZTE's problems. Not only will their sales and business relationships be hurt, they will be faced with even more litigation costs. Unless they come to their senses and settle which they inevitably will have to do eventually to prevent the bleeding.
ZTE has spent many many millions trying to expand and develop their business on a global scale. Their business plan is being hurt by these lawsuits without a doubt. They had counted on having these products for sale and building their business in the affected countries. But they are not doing that now. Things have stalled out and they are not growing as planned. And as I have pointed out in other posts, their competitors are gaining market share while they have to sit out the game. Being stubborn is going to hurt them more and more as time goes on. Losing market share is very bad for their growth and business plans. It will be very difficult to reverse those trends. The sooner they can settle things the better off they will be.
The US-based company bought 124 patent families relating to telecommunications and infrastructure technology from Nokia in 2012. In the same year, Vringo filed lawsuits against ZTE and many of its subsidiaries in the UK and Germany over patents that it acquired from Nokia and Alcatel-Lucent.
ZTE is currently prohibited from selling certain products in Romania, Germany and Brazil because of its patent disputes with Vringo.
Meng Qingfei, a Shenzhen-based patent lawyer at Yingke Law Firm, said many cusomers prefer reconciliation because once the case “falls into the mire of lawsuits” it will be expensive and time-consuming.
“Many companies reached reconcilation in the end, according to my experience,” he said. “But it can last for a long time if the price raised by the plaintiff is too high.”
SO IT WILL BE A MATTER OF WHEN AND NOT IF.
ZTE IS WILLING TO PAY TO FORGO THIS AT THE MOMENT BUT IT IS COSTING THEM MONEY. AT SOME POINT THEY WILL MAKE A DEAL AND PAY A PRICE FOR THE PATENTS. THE TROUBLE IS THAT THEY FEEL THEY SHOULD PAY TRIVIAL AMOUNTS AS THEY DO IN CHINA. BUT THAT IS NOT REALISTIC IN THE REST OF THE WORLD. THEY WILL HAVE TO PAY THE GOING RATE THAT OTHERS DO ELSEWHERE OR THEY WILL NOT BE ALLOWED TO DO BUSINESS IN THOSE ECONOMIES. THAT IS WHY THE INJUNCTIONS WERE GRANTED TO PREVENT THEM FROM SELLING THEIR PRODUCTS. ONCE THEY WAKE UP AND START TO BE REAL THEN SOME PROGRESS WILL BE MADE. OTHERWISE IT WILL GO THROUGH THE SYSTEMS AND THE JUDGMENTS WILL BE GRANTED AND THINGS WILL BE DECIDED THAT WAY.
YES IT COULD TAKE YEARS. BUT IT ALREADY HAS BEEN SEVERAL YEARS FOR SOME OF THESE CASES WHICH MEANS THEY ARE GOING TO BE COMING TO CONCLUSION AND THEY WILL BE OVER WITH AND ZTE WILL HAVE TO PAY. IF THEY DONT, THEN THEY WILL LOSE ALLOT OF BUSINESS FROM OTHER COMPANIES AS WELL WHO WILL REFUSE OR BE PREVENTED FROM DOING BUSINESS WITH THEM BY AUTHORITIES DUE TO ZTE'S NONCOMPLIANCE WITH COURT RULINGS. COMPANIES WILL NOT BE INCLINED TO ENTER INTO AGREEMENTS WITH ZTE WHO DOES NOT RESPECT LAWS OR THE RULINGS OF THE COURTS. JUST NOT GOOD BUSINESS AND TOO RISKY TO GET INVOLVED WITH COMPANIES LIKE THAT SO THEY WILL DO BUSINESS WITH THEIR COMPETITORS INSTEAD.
LMAO
Greece is a joke. It does not matter whatsoever. It is about the size of Rhode Island and means nothing to the US economy.
Although it might have an impact briefly on Europe it will still only be a blip on the screen in the long term.
The only one who will be hurt allot is Greece and they are the ones who deserve it frankly. Their socialist economy and culture are catching up with them. You cannot be lazy and incompetent forever and expect to get away with it. I hope they do default and get it over with. Its all they talk about sometimes and it really is not that big a deal to the US.
Letting them go under would be the best thing for all concerned actually. It would make them have to wake up and be responsible instead of repeatedly begging for more money. I am surprised they keep bailing them out. It is ridiculous.
Once the frand rate is set one place it will be "out there" for future reference in other cases.
They will have to abide by those rates. They will at least set a bench mark as to what is reasonable and fair. Vringo will present them to any other courts as such and they will be considered as they are reasonable.
Bottom line is they are going to have to pay in Germany and England just for starters. If they don't sign a global license it will only end up costing them even more money over time.
Of course there are more lawsuits coming. That is a given. This is no surprise to anyone. That is the business that they are in.
That is why they hired more attorneys last year and that is what their business plan. They have stated very clearly in the past that they intend to monetize their portfolios and will file lawsuits if they cannot reach reasonable agreements with infringers.
I don't believe that the news of delisting or possible delisting makes much difference at this point either. More to the point the results of the Google and ZTE cases are what will move this stock meaningfully.
One would think that ZTE might be motivated to make a genuine effort sometime soon as their tactics are failing them miserably and are costing them money.
I am wondering about the Google case though. Is there not a chance that they accept or decline the Google case before the end of the current term still? Or is it for sure that they will not take this up until this fall?
Any information or opinions on this would be welcome. Serious ones though please with some factual basis not a bunch of crackpot bull please!!!! JJ Seabrook if you are reading this perhaps you could opine on the topic?? TY if you choose to do so/
Nobody would even consider something so stupid as to spend that money for a share buy back.
Get real.
Up over 13% today. What kind of message is that???
LMAO!!!
I would say No. It is not likely that the terms will
be made readily available. None of their other agreements
have been PR'd much if at all. The settlement itself might
preclude them from doing that. However they might have to file
something with the SEC if it is material in value (which it most
likely is). Just what that would divulge would probably be limited as well.
So there might not even be a PR about this.
Still, I think that Vringo probably got a good share of the frand terms if not all of what they wanted in them. As far as past royalties? who knows?
In any case this is great news. These patents stood up in the UK and likely will other places as well. Maybe they have gotten a global license for these patents only?
So many questions but it is great news none the less. I don't think the market appreciates how significant this might be.
It could be a huge deal that they just cannot talk about yet.
It could mean that they have settled all the cases world wide now.
Imagine that!!! That would be a total game changer for sure.
I will be watching late this afternoon or early this evening to see if they do in fact file something with the SEC. That might be a real tell of something big brewing that they just cannot talk about yet.
The shorts will be bailing out like crazy!!!!
If they are smart they will do it now....otherwise they
will be screwed in a big way!!!
The results of the recent action in Brazil are very telling. ZTE is now forbidden from bringing just about any products into Brazil and they have been found to be liars and cheats. More information on this will likely be coming as a result of the raids conducted on them there.
This is damning for ZTE. The implications of this in other proceedings cannot be denied. It creates a pattern of abuses that will be held against them in other cases. Their reputation will precede them as they are brought into other matters around the world.
ZTE is going to have to come to the table soon. They are in trouble now and will owe even more money for the violations of court orders in Brazil and the NDA as well.
Vringo is doing extremely well against them all over the world now and it is costing ZTE many millions of dollars in lost sales and lost future business due to the injunctions.
I don't see how they can continue to deny this at their own peril. It makes no sense from a business perspective to continue to fight this as they lose more and more market share and sales suffer due to these things.
One would think that they might be willing to settle soon with
all that is piling up against them. I guess they want to know better just what their liability is before making a big deal.
I wonder if they have already made some offer that was not
near what Vringo would actually entertain? It might be that
they have but it just was not enough.
It would be like them to try to lowball Vringo in hopes of them caving because they need cash. But, the financials filed recently tell a very different story and they have plenty of money to get them through the next twelve months and perhaps even more.
This is great news for shareholders and ought to promote more interest in the stock as the year progresses and more victories are realized in the court rooms around the world.
The wild card remains the Google case. If SCOTUS accepts the case it blows this thing up by a multiple for sure. The potential of 2 billion dollars is just huge!!! If accepted I think it pretty much says that this is going to be reversed on some level and that Google is in big trouble as they should be.
good news for sure!!! Another straw on the camel's back!!!
Soon they will settle as it id costing them more and more money!
All indications and expectations are that the patents are in fact valid. Most are and occasionally there are some which are deemed not to be on review. However, in cases such as many of the ZTE cases, where injunctions are in fact granted, it is highly unlikely that the patents are not in fact valid. Before approving an injunction,
In Euporean countries (many) A judge will make a determination himself as to the validity of the patents. This is for his own personal use in making a decision on the injunction. Judge's only issue injunctions if they believe that the patents are infringed upon and are valid and will hold up to scrutiny while under review. This is to prevent those who might have infringed/or not from undue harm should those patents be found to be invalid. So injunctions are only granted by the courts when they believe that there is a high probability of the patents being found to be valid.
Last I knew the Google case is not yet over.
This is just the tip of and iceberg!!!!
Romainia is just a little market and the patents are going to be
enforced elsewhere too!!! This is very telling and it will make ZTE start to take notice.
Other markets are going to be much more money than little Romania is. Much more money involved. These lawsuits are going to start to pile up on the back of ZTE. Like a camel they too will eventually fold under the weight.
They will have to meet with Vringo and agree to pay reasonable fees or they will be forced to by the Courts. Its only a matter of time.
This speaks volumes on Google's character. They do not respect IP and will stop at nothing to avoid paying for it although they know they are in the wrong.
I hope SCOTUS notes this when they review Vringo's filings.
Good things ahead for RBY and miners in general I believe.
I think that Gold is becoming attractive in contrast to many other things. The price of gasoline and diesel is coming down
and is a major expense for miners.
Rubicon is looking better everyday and has just established that there is more gold in F2 than some believed. They are stockpiling ore above ground to begin processing when the plant is ready. That now is only about 4 to 5 months away from now and perhaps even sooner.
This is an exciting time for me as an owner of RBY stock. As we get even closer to production I don't see how things don't improve in terms of the PPS.
Ty Phil
Does anyone know of the court schedule for this month?
I think they had a couple of cases going to court this month that could be rather significant and could produce some rulings on pending actions if I am not mistaken.
Is there not a trial scheduled in Germany this month maybe??
They have not made money yet. Their money is in stock for the most part and they wont get paid until they win lawsuits and then the PPS goes up and they can sell some stock to actually win.
They have lost far more than anyone by the stock falling. If you were to look and see they have not sold despite the falling PPS.
Much of their holdings they cannot sell before it hits around the five dollar mark I believe.
Things will change once they start to get paid from some of the actions that have been ongoing for several years now. Lawsuits take time and sometimes they take allot of time to be resolved. That is just the way things are. If you cannot wait it out then you should not be in the stock.
This is great to see them finally being ordered to start to pay something. Many more of these types of orders will be coming in the future and they will have to pay up.
Hopefully they will start to consider a global license soon???
If they are going to have to start to pay on some patents anyway, then perhaps they will figure that they might as well get the global license now and forego all the extra litigation costs that they will have. Those funds could be used to cover the costs of licenses instead. They could also avoid interest payments on awards for past damages as well if they settled matters I would think.
I don't know how taxes work in China, but if they were to swing a deal before the end of the year, then perhaps they could use that as some kind of write off Against their earnings there???
Something to think/hope about I suppose.
Merry Christmas to everyone!!!!
ZTE cannot run away from doing business in those countries. Germany, England, India, Australia. Brazil..... It represents their future and their growth. So they will have to face the music if they wish to remain conducting business in each of them.
If they do not honor the decisions made in their courts, there will be consequences and they will likely be shut down completely and not allowed to sell their products at all.
I hope to see some income reported from deals that they have made with both TYCO and with ADT. If so it could be a big positive for them. It would demonstrate how they have begun to monetize their portfolio. It would put to rest allot of people's concerns about their ability to do this.
They could be lump sum payments or perhaps license agreements going forward or both.... It will be interesting to see the financials when they come out for sure!!!!
It might be much more influential than what allot of people believe. If they are getting some decent money from those settlements (although small in comparison to Google and ZTE)
it will lend credibility to them and will cast the company in
a different light. With the possibility of up to 2 billion dollars in ruling against Google, the PPS might jump up allot.
Another thing that could happen very soon is the decision from the CAFC on the first appeal. It has been close to 90 days since
the oral hearings were held. That is around the average time for such things to be decided. So this could also act as a big catalyst for the pps too... This could in fact end up being a monumental month for Vringo.
I added another 1000 shares at 2.99 on Friday myself.
This is a great investment and I had to buy even more.
I now have 5000 shares total and would buy more if my
investment rules would allow me to.
The share price is ridiculously low currently. Anyone who
cannot see this is blind and/or in denial.
I doubt he will use Vringo's settlement number.
It is now about punishing Google for their transgressions.
He already said what process and method he would use.... that being an enhanced royalty rate as referenced in his order.
This case is willful infringement and it involves a limited time frame to compensate the patentee.
On top of that, Google has been playing games and tried to snowball the court with a phony workaround.
That sounds like at least 7 percent to me!!!!
The reason Google fought this so hard for so long is that they know their liability is very high in this matter. They will get stuck hard for this when the Judge rules. He has no choice but to do so as not doing just that would just be terribly wrong.
His ruling has to be equitable and it has to fit the circumstances. It has to address the value of the property and reflect the seriousness of the offenses.
These points are spot on and very true and I will give you yet another reason.
Due to the short duration left in the life of these patents, it will be necessary to use an enhanced RR going forward to adequately compensate them for the value of the patents. The true value of which will continue to be realized at increasing amounts for years to come. The patents are responsible for much of Google's continued growth and as such they represent an enormous value to them.
All of these things together present a very compelling case to use a higher RR until 2016.
Lastly, the judge has referenced case law that provides for enhance royalty rates. I hardly think he did this by accident. He has telegraphed that this is what he will do if put into the position of having to make a final ruling on this case. The handwriting is not only on the wall but in his decision as well.
It appears that things are starting to come together and that the Judge is using sound reason in arriving at his decisions. No monkey business going on here. He is getting down to business now.
It says that they will schedule a conference with the magistrate no later than dec 1st. It does not take a month to schedule a meeting. They will have that meeting before or on dec 1st.
Vringo will make certain of this. It is very clear what he meant.
You are reading something else into it. Vringo will not let this drag on longer. It is not in their interest to do so and they will not.
lets not forget that msft will be paying them 5 percent of the Google amount to be announced before to very long now. This will be in the 25 to 60 million dollar range I would guess.
That along with what they already have and other earnings they begin to generate over the next 24 months will sustain them easily I am sure. No worries here on that front.
They have a great plan and are executing it extremely well!!!!
Well just what is it that you think they have been doing???
It takes time for things to develop. Some actions are well along now and they are filing more to continue to create more revenues in the future.
Barring settlement there are processes that are involved for things to be determined and those take time. That is the nature of the business that they are in. As far as cash burn is concerned they have plenty of money for the next year at least and possibly more. It is very likely they will have established some income in that time frame. If not another public offering would likely be minimal. The officers are big shareholders and would suffer along with everyone else should they dilute the stock with another large offering. I doubt seriously they would do this.
It will be total carnage for shorts when the Court rules!!!!
I am anxiously awaiting that day!!!
worthless garbage full of errors which will mislead anyone who reads it. I though people were supposed to do research before they wrote articles. Wow, SA sucks for printing such a piece of crap.
Bad for Google to have done this. Very stupid and calls allot of things into question. But most of all it really makes the workaround claims look contrived and phony for sure.
Ugone cites and employee as a consult on the validity of the workaround and that person is not available to comment on the same? Sure looks bad / Phony / contrived.
Things like this will help Vringo allot.
If Google was unable to support their claims before, then their credibility is naturally going to be called into question immediately when considering more claims of the same nature now. This combined with the fact that they are now confirmed liars and were found guilty will hurt their efforts for sure. The Judge will likely not be giving them allot of latitude with these issues at this point when they have already raised them with no success. He has made it clear now that this cases' time has in fact come, and he intends to bring it to a conclusion.
Thanks for the information JJ
Sweet!!! and about time too!!!!
I agree it is good to see it close up a little higher. It is still much lower than what it should be in my opinion.
Further delays seem to be inherently unfair to Vringo at this point. I would assume that the court is aware of this and will act accordingly.
By reading Vringo's recent filing on the appeal; I think it is apparent that the parties are not talking settlement at this time nor have they been for the past two months. They remain polar opposites. This will have to be resolved by the Judge and it should be done now. This egg is hardboiled and will never hatch so waiting further is pointless.