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News Release Tonight AH
Oct 10 (Reuters) - Mobile software company Vringo Inc, best known for its video ringtones, is betting on recently acquired intellectual property to drive revenue growth as it battles several big names including Google Inc and ZTE Corp over infringement of its patents.
"We believe that the intellectual property that we own is substantial revenue to be earned and we would not go through with it (the lawsuits) unless we are confident that we will get a positive result for us and our shareholders," said Vringo's Chief Executive Andrew Perlman.
Shares of the company have gained about 56 percent since the beginning of the month following reports that its lawsuit against Google had merit.
Google's demand for a summary judgment was dismissed by a district judge on Oct. 3, citing "genuine issues of material fact in dispute."
The lawsuit comes up for hearing on Oct. 16, after the companies failed to reach a settlement on Tuesday, Perlman said.
Vringo inherited the lawsuit after it acquired Innovate/Protect (I/P), a company which specializes in monetizing intellectual property, in March.
I/P had filed a patent infringement lawsuit against AOL Inc, Google, IAC/InterActiveCorp-owned IAC Search & Media, Gannett Co Inc and Target Corp in 2011.
The lawsuit against Google involves two patents that I/P bought from Lycos, one of the biggest search engines of the 90's.
Vringo is seeking at least $696 million from Google, financial website iStockAnalyst had reported.
"It would be logical for Google to buy Vringo and then use them as a strategic patent weapon, for example, to sue Microsoft Corp," Maxim Group analyst John Tinker said.
Google declined to comment on the matter.
While Google is trying to fight it out, AOL partly settled the dispute in August paying $100,000.
"We settled with them (AOL) only for the use of their own in-house products, but not for their use of Google's products," said Perlman, who became CEO after the merger with I/P.
Vringo bought 500 wireless patents from Nokia in August to strengthen its intellectual property portfolio.
The company on Monday filed a patent infringement lawsuit against Chinese telecommunications equipment maker ZTE in the U.K. High Court of Justice.
The ZTE lawsuit involves patents acquired from Nokia, Perlman said.
He, however, declined to say if the company plans to pursue further lawsuits using the Nokia patents
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Oct 10 (Reuters) - Mobile software company Vringo Inc, best known for its video ringtones, is betting on recently acquired intellectual property to drive revenue growth as it battles several big names including Google Inc and ZTE Corp over infringement of its patents.
"We believe that the intellectual property that we own is substantial revenue to be earned and we would not go through with it (the lawsuits) unless we are confident that we will get a positive result for us and our shareholders," said Vringo's Chief Executive Andrew Perlman.
Shares of the company have gained about 56 percent since the beginning of the month following reports that its lawsuit against Google had merit.
Google's demand for a summary judgment was dismissed by a district judge on Oct. 3, citing "genuine issues of material fact in dispute."
The lawsuit comes up for hearing on Oct. 16, after the companies failed to reach a settlement on Tuesday, Perlman said.
Vringo inherited the lawsuit after it acquired Innovate/Protect (I/P), a company which specializes in monetizing intellectual property, in March.
I/P had filed a patent infringement lawsuit against AOL Inc, Google, IAC/InterActiveCorp-owned IAC Search & Media, Gannett Co Inc and Target Corp in 2011.
The lawsuit against Google involves two patents that I/P bought from Lycos, one of the biggest search engines of the 90's.
Vringo is seeking at least $696 million from Google, financial website iStockAnalyst had reported.
"It would be logical for Google to buy Vringo and then use them as a strategic patent weapon, for example, to sue Microsoft Corp," Maxim Group analyst John Tinker said.
Google declined to comment on the matter.
While Google is trying to fight it out, AOL partly settled the dispute in August paying $100,000.
"We settled with them (AOL) only for the use of their own in-house products, but not for their use of Google's products," said Perlman, who became CEO after the merger with I/P.
Vringo bought 500 wireless patents from Nokia in August to strengthen its intellectual property portfolio.
The company on Monday filed a patent infringement lawsuit against Chinese telecommunications equipment maker ZTE in the U.K. High Court of Justice.
The ZTE lawsuit involves patents acquired from Nokia, Perlman said.
He, however, declined to say if the company plans to pursue further lawsuits using the Nokia patents
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This is NOT a new judge.... Yeah people do your DD.
He has been involved almost since beginning
I doubt that. You don't know me, who I am, what I do and who I know.
But I and everyone else here with sense... Know who you are....a scared puppy with nothing better to do than post messages on a silly messageboard of a stock you don't even own.
You have no idea what you're talking about... It was a PARTIAL settlement and a strategic move so as not to confuse the jury at trial... Know what you are posting about
"Gag" orders that is
Nobody can make comments... Gh orders in place in both sides
It's no better over here! Been in and halfway nuts since June....
Long and Longer!!!!!
Fwiw... I cannot see them putting out a PR about filing another lawsuit on another country UNLESS they were about to put a PR out about a win/ settlement with Goog in this one.
Otherwise It could negatively impact both this case and ZTE....
" hey dud u just lost to google... We don't care" and " I heard their a troll"
The timing of their PR really makes me think something is already inked. Their PR people are very good and would have thought if the implications of releasing this info now.
Long and Longer!
I have read that they are signals between the mms. There are a number of articles on it... Might want to check it out
This is not old news.... They filed with sec a few weeks ago and sent ZTE a warning letter and today they actually filed in a European court....
Read an listen to the conference call.. Many questions will be answered...
Hey dark lady... Looks like we're in a couple places together! Have great Sunday!
btw Diode..when you do your DD..you will see that we have a patent on table for the first real video dating....which, if granted will have multi million plus implications---
Oh...and the guys who invented modern commerce and technology as we know it and changed the face of how we work and socialize to thank--because that same Cat is Ken Lang--
How is Goog co inventor...oh you cant ask him...thats right...he mysteriously drowned....in his own pool...while not being able to swim undersuspicious circumstances.
Or better yet "google" privacy laws
Best of luck to you, truely, I know I and others harassed you...but that is only because it is not good form, to come into a place and start talking about things you have no idea about. Im sure well see you back on the board as an investor on Monday, once you do :)
Cheers!
and thank you---for buying AH and increasing our price once you do...i think you will happy
Only YOU can prevent Forrest fires
I have almost 50k in... Riding most o it indefinitely... No protection... Just watching closely... Will take 20 percent to 50 percent off table depending on award outcome
You should listen to the conference call. They are VERY in touch with the investors and everyone I know who has tried has spoken with IR or management.
Bottom line They are mostly under a complete gag order by judge.. As is google... Therefore the lack of info... Which is solid... They don't need a leaky ship... Just a strong 45 million overnight vessel with 5 crew!
Can you nip some bud?
"Thanks" for your good samartianship
Go bake some skunk brownie please, you're starting to come down
schlep yourself back over to yahoo board
Best to you!
Long and Longer!
Hey Tom I'm selling 20 to 30 percent and holding rest... Depending on SP
Lol now 4.30!!! Woohooooo!!!
Long and Longer!!!!!
4.28 ah!
AUGT is a Stout backed company fwiw.
The ONLY thing I have ever been worried about is shady tactics by google... Paying off judges, jury tampering, family threats and the dirt they probably have on govt officials.
LONG and LONGER VRNG!
I don't think it's that long of a shot... Same people behind it that APS promoted with 4 different tickers... And i think too, it's getting ready to be promoted....
Me too! Actually I'm on the beach right now drinking to it!!!! I'll be out mostly on coin but holding most of VRNG.... These guys who post here with the ridiculousness make me laugh and get cheap shares... We all know the value of coin itself... But I graduated kindergarten and can do the VRNG association math!!! Lucky us!!!!
Usmc... When vringo is over 50 probably by years end and I have made 20x profit in coin just based on that I for one will be celebrating!
Next year when this stock is over 75.00 all of us longs will be grateful for not getting shaken
Typo "Cullis" not allowed to testify
Are you guys NUTS? Have you not seen the latest in VRNG? Prior art thrown pretty much thrown out... Villus not allowed to testify.... Damages amounts 677 million NOT including treble damages interest or royalties and COIN Owens hundreds of thousand of shares. Z on paper alone in a few weeks this stock should be worth 10 to 40 cents...
Keep selling Lethe cheapies though!
I'm in at 14 cents and 9 cents.... Ruuuuuuunnnnnn!!!!!!
I think you did!!!!!
They are still a new company trying to get exposure And get initial franchisees. Add to that they have been spending a decent amount in last 6 months on technology and infrastructure.... So that Franchaisees will have the best and fastest ramp up time till profitability.
I see this as a good sign...tired of seeing red on my screen every day... But have done enough DD to feel good about my investment medium and long term.
GFTA
Hey guys... I am posting to anyone holding here.... I have NO stock in this.... But i did 6 months ago based off a PR and then decided to due some DD (I was new... Should have been other way around). This guy who runs it used to run a bankrupt jeans company... And his business partner in that and several other ventures it wanted for fraud.... I researched these guys for three days straight and got the heck out at a minimal loss.... I am not short and trying to drop price.... I saw it in an alert today and just want people to do serious DD. It is a scam operation by a self professed Miami playboy.... Please do your DD... If anyone wants, I'm sure I can find info again and post here
Thanks Johnny.... I couldn't remember exact figures
GLTA!
Wow weak hands!!! We all know this is going way over a penny in the next 4 weeks. . Possibly to dime land...
Not a pumper... Just the facts... VRNG and coin go and in hand and the actual share price will skyrocket... Every analysis has it between .10 and .40 cents depending on the settlement
COIN holds hundreds of thousands of VRNG as well as options.
Cheers and long on both!
Thank you all for the updates!!!
I will take a stab..but anyone feel free to correct:
#273:
ORDER granting 272 Motion for Pro hac vice appearance. Signed by District Judge Raymond A. Jackson on September 18, 2012. (Jackson, Raymond) Modified on 9/18/2012 to link gavel order to corrected Pro Hac Vice Order 272 filed by counsel as outlined in the Notice of Correction done by clerk on 9/18/12. Doc 272 took the place of Doc. 268 (ecav). (Entered: 09/18/2012)
# 272: A motion is allowed to be resubmitted (not sure by which party)---possibly due to error
Motion to appear Pro Hac Vice by James Ryerson and Certification of Local Counsel Donald C. Schultz Filing fee $ 75, receipt number 0422-3208296. by I/P Engine, Inc.. (Schultz, Donald) (Entered: 09/18/2012)
#271: ?
ORDER granting 267 Motion for Pro hac vice appearance. Signed by District Judge Raymond A. Jackson on September 18, 2012. (Entered: 09/18/2012)
#270: ?
ORDER granting 249 Motion for Pro hac vice appearance. Signed by District Judge Raymond A. Jackson on September 18, 2012. (Entered: 09/18/2012)
Notice of Correction re 268 Motion to appear Pro Hac Vice by James Ryerson and Certification of Local Counsel Donald C. Schultz Filing fee $ 75, receipt number 0422-3206773. Pro Hac Vice Motion does not contain the following: Bar Identification Number, applicants signature and signature of counsel. Clerk is removing Doc. 268 form the docket text and counsel is to refile completed Pro Hac Vic Motion. (ecav, ) (Entered: 09/18/2012) (Motion for another refiling --possible correction)
#269:
ORDER GRANTING 247 Motion and Memorandum in Support of Motion for Leave to File Supplemental Brief in Opposition to Plaintiff's Motion for Discovery Sanctions, filed by the defendants on September 14, 2012. ECF No. 247.For good cause shown, the motion is GRANTED. The Supplemental Brief in Opposition to Plaintiff's Motion for Discovery Sanctions (ECF No. 247 attach. 1) and the Declaration of Joshua L. Sohn in Support of Defendants' Supplemental Brief in Opposition to Plaintiff's Motion for Discovery Sanctions (ECF No. 247 attach. 2) shall be DEEMED FILED. Entered and filed 9/18/12. (Signed by Magistrate Judge F. Bradford Stillman on 9/18/12). (ecav, ) (Entered: 09/18/2012)
\
This one is in favor of Google allowing and granting them certain blocking for discovery from VRINGO and possibly a "response" that can be filed as to why the plaintiff is not getting the documents and how Google should not have to turn them over or be penalized (sanctioned) for that--
my take--but not an attorney
Anyone know what all this means?
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Lol... Thank you.. Too much caffeine is making me jumpy.. But I guess we're all a little on the edge of our seat!