Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The check would get larger for Worlds the longer they stall. Max Tribble doesn't get paid until a settlement is reached. This will happen fast IMO.
Luckily for us Rain the vast majority of these never make it to trial.
Would Activision bank a trial on the possibility of a +$1B beat down?
A settlement shortly after Markman is the most likely outcome.
Almost had the lowest volume day in months. Last time we did 131K shares in a day it was right before the last run to .548. Hopefully this will trigger the same effect.
Guessing 30-45 days
I look forward to breaking down this argument about NPE vs PE as this will mean we are way beyond this stage and deep into the trial prep.
As bad as not being able to collect willful infringement royalty rates and being stuck with a non willful royalty rate seems (if it even matters) in either case the stock is 200%-400% higher than today.
I apologies for jumping you earlier just didn't see why it matters so much right now.
Right now you have to put your faith in the expert hands of SG & MT or sell out prior to MH.
Thanks cooler I always like your posts, I am grouchy this morning due to lack if sleep so I shouldn't have jumped Nolerman like I did.
The whole argument of if WDDD can be labeled a NPE is ludicrous when in my opinion its obvious they are not a NPE.
Just anxious for Markman, and anxious for some damage estimates.
GLTA
Nolerman,
Seems to me you may have sold out of DSS today and could possibly be looking for a better entrance point into Worlds? That's the only reason I can think of for bringing up such a meaningless point, maybe I'm wrong and you have this legitimate concern that really won't come into play until a trial and at that time Worlds will be +$2 PPS.
Either way I really don't care but bringing up this topic as something of substance now is ridiculous.
JMHO
Look for lots of DSS money moving into WDDD today.
Taken to the woodshed.
Links have been posted dozens & dozens of times. CB has written a book covering this. You can't throw a stone without hitting 3 posts that have discussed this.
Worlds has been a PE since the 90's.
Are you serious Nolerman? Sure they have has little revenue the past few years but at one point Worlds was an innovator in the MMO 3D environment.
Would love to see a Markman delay announced due to settlement negotiations.
Boom!
Welcome new Longs!
Going into Markman Worlds offers that once in a blue moon combination of:
1) Ultra low cap. $40M
2) Ultra huge awards. +$1B
3) Ultra stellar representation. SG & MT
3) Ultra hot sector. VHC VRNG PRKR
The timing of Worlds Markman is almost perfect with the IP sector smoking hot and the Vringo saga reaching an end game weeks or days prior to Worlds Markman.
Throw in the variables of strengthening of the patents since the NC Soft case with the addition of multiple new patents. Attorneys on full contingency so little chance of more dilution. Big players involved such as Hudson Bay, Iroquois & EDVA's group who plan on holding into and through Markman. EDVA will also be at the hearing so no "dark territory period" we will get an honest assessment of the blow by blow during the hearing.
Good Morning WDDD core 30!
Only 35 trading days before Markman!
Markman Hearing players are starting to move in. Lots of buying pressure over the next 30 trading days. Worlds offers a unique opportunity to sell for what ever amount you want to sell it for.
The next 10 days should be able to sell it in the .50-.60 range.
10-20 days should be able to sell it for +.60. The longer you hold the more you will get.
Worlds is heading into the "Math formula" portion of the pre-Markman run. When we get to 6-27 it will trade at a percentage of the potential reward. Whatever the street decides this reward is WDDD will trade at a discount rate to that reward. Right now at our current price we have approx $70M reward priced in. Most of you know I think it will be 10X-15X that much. If the street agrees with me up we will go from here to 6-27 Markman.
Around 3-4 weeks ago Celtics called 50¢ on May 7th. Well we got to .4949 today so that's close enough for me.
When is your date that we cross over 60¢ Celtics?
I may trim a little off around that level also. Glad your back running bull!
Thin air till .52!
From pervious Markman runs. At some point it becomes a % of potential winnings post Markman. Vringo went to $5+ when it was possible they were looking at a +$1B award from the google trial.
Some Markman hearings the potential recovery is small so the run is limited. Worlds offers that once in a blue moon combination of:
1) Ultra low cap. $40M
2) Ultra huge awards. +$1B
3) Ultra stellar representation. SG & MT
3) Ultra hot sector. VHC VRNG PRKR
The timing of Worlds Markman is almost perfect with the IP sector smoking hot and the Vringo saga reaching an end game weeks or days prior to Worlds Markman.
Throw in the variables of strengthening of the patents since the NC Soft case with the addition of multiple new patents. Attorneys on full contingency so no chance of needed dilution. Big players involved such as EDVA's group who plan on holding into and through Markman.
What's not to like?
Price targets next 80 days!
30 days prior to Markman on 5-27:
65¢-70¢
15 days prior to Markman on 6-12:
75¢-85¢
Markman date 6-27:
90¢-$1.10
Post successful Markman 7-27:
$1.75-$2.25 that's a 4 bagger in 80 days!
Early longs are going to crush this one!
Core 30 going to be Core 50 by 6-27!
Oh yeah forgot to mention Susman Godfrey is taking this case on full contingency.
Basically no reason for further dilution from WDDD to pay for huge attorney bills, and Susman Godfrey has to figure they have an ultra strong case considering they are footing the entire bill which as of today has been 22 months plus and millions of dollars spent already.
Factor this with the news last night which shows clearly that Worlds took the prior art arguments from the NC Soft case an turned those arguments into increased patent protection with the issuance of several more continuation patents.
In short Worlds has been working toward this Activision win for the better part of a decade. With superstar Max Tribble leading the way there is a ton of evidence why Worlds will end up reaping Billions from their patents over the next few years while running through the HUGE MMO game industry!
Also CEO Thom Kidrin thinks social sites are also infringing on these same patents which could mean hundreds of more millions in future suits against FB, ZNGA an others.
Welcome new longs one of the most important details and reason to feel good about Worlds case is their representation.
The Legendary Susman Godfrey firm did 9 months of research on this case and after this one of their top dogs Max Tribble was eager to take this case. Max Tribble had already beaten Activision already and he has a long list of accomplishments:
Who's Max Tribble?
Paltalk v. Microsoft. In March 2009, SG (with Max Tribble as lead attorney) commenced trial against Microsoft on behalf of plaintiff Paltalk, an Internet audio and video conferencing company. On the fourth day of trial, Microsoft agreed to settle the case, taking a license,to the patents-in-suit. The amount is confidential. Paltalk filed suit against Microsoft in late 2006, alleging that Microsoft was using Paltalk's patented technology for its video game systems, specifically Halo 2 and Halo 3 combined with Microsoft's Xbox Live communications network. Paltalk defeated Microsoft's motions for summary judgment, leading to a jury trial in Marshall, Texas, in the Eastern District of Texas. The parties settled on the fourth day of trial, after Paltalk had rested its case and the first two Microsoft witnesses had been cross-examined. Microsoft agreed to license the Paltalk patents for an undisclosed sum of money.
Mass Engineered Design v. Ergotron & Dell, et al. In November 2008, Susman Godfrey won a jury verdict of infringement and validity in Mass Engineered v. Ergotron & Dell et al., in Marshall, Texas, in the Eastern District of Texas. SG secured a permanent injunction on behalf of Mass Engineered. Max Tribble was lead attorney for the plaintiff. The case has since settled, and the terms are confidential.
Sky Technologies v. Oracle. In January 2008, SG settled a patent infringement lawsuit against Oracle on behalf of Boston-based Sky Technologies filed in the Eastern District of Texas. The patents at issue relate to online commerce negotiations software. Oracle agreed to license Sky's patents and technology. The settlement amount is confidential. Max Tribble was lead attorney for Sky.
UniRAM v. Taiwan Semiconductor Manufacturing Co. (TSMC). In September 2007, Tribble (lead lawyer) and a team of Susman Godfrey lawyers obtained a $30.5 million jury verdict on behalf of his client, UniRAM Technology, Inc., in a trade secrets case tried in federal court in San Francisco before Judge Vaughn Walker, Chief Judge of the Northern District of California. The trial court later entered judgment in favor of UniRAM for approximately $36 million. UniRAM alleged that defendant Taiwan Semiconductor Manufacturing Corp. (TSMC) had misappropriated UniRAM's trade secrets regarding specialized computer memory devices known as embedded DRAM. Tribble handled opening, closing, and the majority of witnesses. News of the verdict was reported widely in both the U.S. and Taiwan. Verdict Search listed the verdict as one of the top 100 plaintiff's verdicts nationally in 2007, and the Los Angeles Daily Journal pegged it as one of the top 10 plaintiff's verdicts in California in 2007. The case settled on confidential terms while on appeal.
Sky Technologies v. IBM. In March 2006, days before trial, IBM and Boston-based Sky Technologies announced that they have settled a lawsuit that SG brought on behalf of Sky in the Eastern District of Texas alleging patent infringement, breach of contract and misappropriation of trade secrets. IBM agreed to license Sky's patents and technology for conducting online negotiation. The amount is confidential. Steve Susman and Max Tribble were lead attorneys for Sky.
SuperSpeed Software v. Oracle. In December 2005, Susman Godfrey obtained a settlement of client SuperSpeed Software's patent infringement suit against Oracle Software in the Southern District of Texas. Oracle settled soon after the District Court issued a claim construction opinion that was highly favorable to SuperSpeed. Details of the settlement are confidential. The suit alleged that Oracle's software products infringed a number of SuperSpeed patents regarding data caching. Max Tribble was lead attorney for SuperSpeed.
MicroUnity v. Intel. In October 2005, weeks before trial, MicroUnity, Intel, and Dell reached a settlement of a case that SG brought on behalf of MicroUnity in the Eastern District of Texas, the terms of which are confidential. Intel publicly disclosed the financial terms of the settlement in its Third Quarter 2005 10-Q. SG filed suit on MicroUnity's behalf in April 2004, alleging that Intel's Pentium III, Pentium 4, and Pentium M processors infringed MicroUnity's "mediaprocessor" patents. Steve Susman and Max Tribble were lead attorneys for MicroUnity.
SimDesk Technologies v. First Genesis. In 2004, SG successfully represented SimDesk Technologies against First Genesis in a suit alleging misappropriation of trade secrets relating to SimDesk's proprietary server-side applications and server-client communications protocol. SG obtained a temporary restraining order and, after a bench trial, an injunction, barring First Genesis from using the software and system at issue. Max Tribble was lead attorney for SimDesk.
Pavilion Technologies v. Computer Associates. SG represented Pavilion Technologies in a patent suit against Computer Associates in the Western District of Texas (Judge Samuel Sparks) regarding neural network and expert system technology. The case settled after claim construction.
VariLite v. High-End Systems. SG defended High-End Systems in a patent and trade secret suit brought by VariLite in the Northern District of Texas regarding computer-controlled lighting systems. The case settled after claim construction.
First Capital Holdings v. Shearson Lehman. SG represented First Capital Holdings in an adversary proceeding against Shearson Lehman Brothers in bankruptcy court in the Central District of California (Judge Samuel Bufford) alleging fraudulent transfer, breach of fiduciary duty, and other claims.
Trinity Industries v. Road Systems. SG defended Road Systems in a patent suit brought by Trinity Industries in the Eastern District of Texas (Judge Schell) regarding roadway safety devices. The case settled favorably after SG obtained a summary judgment of non-infringement. Max Tribble was lead attorney for Road Systems.
Wolter v. Delgatto. From 2002 to 2004, SG defended pro bono Joe and Madeline Delgatto, the Minister of Heights Presbyterian Church, and his wife, in a lawsuit brought by attorney John Worldpeace on behalf of his mother, Joyce Wolter, alleging various claims, including claims relating to Wolter's objection to the church participating in a project to build and operate a retirement facility in a predominately-black area of Houston. In 2004, the court dismissed the lawsuit and declared Wolter to be a vexatious litigant. Attorney Worldpeace was disbarred. Max Tribble was lead attorney for Delgatto.
Western Atlas v. Garmin/Rockwell/Motorola. SG represented Western Atlas in a world-wide licensing and litigation program involving patented GPS technology. Western Atlas received substantial settlements and royalties under this program.
GTE Sprint Communications v. GTE Sprint Communications. SG successfully defended GTE Sprint Communications against a service mark infringement suit brought by Texaco v. Pennzoil attorney Joe Jamail. SG persuaded the court to uphold the validity of our client's "Sprint" service mark and to enter a take-nothing judgment against the plaintiff.
They would have to file suit in each country much like Vringo is doing to ZTE.
They would even attempt to go down that road until after a successful settlement or jury trial I this current US suit.
If they can't win here doubtful they win anywhere as long as the patents are the same.
If they have international patent protection that would be awesome but wouldn't show up on the bottom line for 2-3 years.
My guess is as we approach the .548 level we will also be getting a new SA article that will blast us to new highs. Nice steady rise again today hopefully close right next to .50 and take it out tomorrow (May 7th) as Celtics has stated will happen for weeks now.
EDVA is due for an update and I know there are other authors who will have other SA articles before the hearing date.
Exciting times are coming!
Yeah let's worry about the 1st Billion.
Flyers,
Do you think the testing of .38-.40 is finished? Do you think we go right back to .548 now?
50¢ looks like a lock by tomorrow!
Always amazes me how someone will buy 150K shares for .46 or higher and someone else will go right behind them and think they need to dump their 5K shares for .45.
Big volume nice buys so far! .4595
Good Morning WDDD Core 30!
Going to be a great week!
38 more trading days till Markman!
New highs coming soon!
And again Kidrin brings up the prior litigation and prior art from NC Soft case after receiving the 6th patent.
Boston, MA, March 28, 2012 – Worlds Inc. (OTCBB: WDDD) today announced that it has been issued patent no. 8,145,998 from the U.S. Patent & Trademark Office (USPTO) for patent application no. 12/406,970 titled “System and Method for Enabling Users to Interact in a Virtual Space.”
The USPTO issued this allowance after examining a large number of references cited in a prior litigation involving predecessor patents with the same description as the newly issued patent, creating a strong presumption of validity of the claims contained in this new patent.
“Worlds' investment in innovative virtual worlds technologies for nearly two decades is recognized by the USPTO and has resulted in six patents, with several more patent continuations in process,” said Thom Kidrin, Worlds' CEO. “Our increasingly strong IP portfolio is a tremendous asset for Worlds Inc. and its shareholders. In addition to licensing our IP to our Worlds Online, which we recently spun off, and their clients, we will be licensing it to other entities that utilize virtual worlds technologies for gaming, training and other purposes. We also believe that there are parties infringing on our patents and we are working closely with legal experts and patent law firms to take steps to protect our patents from infringement.”
This patent is a continuation of US patents 6,219,045, 7,181,690, 7,493,558, 7,945,856 and 8,082,501 issued to Worlds.com (Worlds' prior name) in 2001, 2007, 2008, 2011 and 2012 respectively, and bearing the same title.
Kiddin brings up prior art/litigation after the 5th patent also:
BOSTON, MA -- (Marketwire) -- 11/16/11 -- Worlds Inc. (OTCBB: WDDD) today announced that it has received a "Notice of Allowance" from the U.S. Patent & Trademark Office (USPTO) for patent application no. 12/406,968 titled "System and Method for Enabling Users to Interact in a Virtual Space." This is the fifth patent allowance in Worlds' intellectual property (IP) portfolio. The forthcoming patent relates to computer architecture for three-dimensional graphical multi-user interactive virtual world systems.
Worlds believes it is particularly noteworthy that the USPTO issued this allowance after examining a large number of references cited in a prior litigation involving predecessor patents with the same description as the newly-issued patent, creating a strong presumption of validity of the claims contained in this new patent.
"Worlds is continuing to build a strong IP portfolio that reflects its pioneering efforts begun in 1994," said Thom Kidrin, Worlds' CEO. "We believe that the patent contains claims that significantly strengthen our patent protection for technology and processes developed by Worlds over the past 15+ years."
Yeah that caught my eye also. That could be a double on top of the largest estimates!
This is what Kidrin said after getting the 4th Worlds patent:
“Worlds is continuing to build a strong intellectual property portfolio which reflects Worlds pioneering efforts beginning in 1994 to the 3D online community,” said Thom Kidrin, Worlds’ CEO. “We are very pleased with this result particularly in light of the prior art submitted to the patent office in our settlement of the NC Soft litigation.”
Bashers point to the louse NC Soft settlement as to why Activision will not have to pay much, when its crystal clear to me the NC Soft case along with the new patents are what will make Activision pay huge amounts to get out of this case.
Here is a link to the full story from the quote above.
http://www.worlds.net/press-releases/Worlds_4th_patent%25205-17-11.html
EDVA replied to Rick Berger, who is a Worlds basher who consistently throws BS (dilution or illegal activities mostly) about Worlds for what reason only he knows.
Rick thinks only in the case of a positive Markman will Worlds only get to + $1. Here is EDVA's reply:
Totally disagree with your assessment of where the stock is fairly priced at this moment Rick. In terms of funding, I expect that they won't go beyond the 100M authorized prior to the Markman. If they do finance I believe it will be when the SP is .90 or better. I have observed the back and forth here and see little focus on the claim construction documents that have already passed hands. Beyond that I find few companies that have done as much in terms of patent prosecution as Worlds. They have taken every opportunity to clear more prior art references with continued patents (which is why the 998 patent was added to this litigation). They also have international patent protection which no one is talking about. Combine that with the fact that we now have just 83M shares outstanding (our damages estimates have always been based on 100M which is the authorized but again there is no guarantee that there will be another raise pre-Markman) and it gives me a sense that the focus on WDDD will intensify considerably as investors really do the diligence that they should.
The double or more on a successful Markman will be from .90-$1.20, not from here, and yes, that is an opinion based on the facts of the case as it stands today. My aim is less to convince people than to simply lay out our argument. I write what I think and in keeping with how my group invests and the diligence we do. If I think people are wrong I will let them know, and why, but at the end of the day investors will do what they do. For our part, we will be long this stock and will continue to add to our position unless and until we see that our thesis is wrong. That is the way we approach every stock. The first real test of that is the Markman but there is certainly much to be gleaned from the claim construction documents. If one knows how to dispassionately score those briefs it gives any investor an edge.
When its go time we will do a nickel an hour!
News, calendar, settlement, or more suits. Out of a hundred possible events 95 out of 100 are positive, & 50 are major positive. There are move events the will cause a double than events that will cause a selloff.
Always a chance someone comes out and publicly states we don't have a case or an early low ball settlement but tons more positive possibilities than negative ones.
Re: Spanky227 Post# 9173
ATVI Revenue Breakdown Estimate for Damages from ATVI suit
Modified from Coolerhead's suggestions.
From this Investor Summery Sheet posted on ATVI website:
http://files.shareholder.com/downloads/ACTI/2435818763x0x634174/b65ae5ed-ce22-4042-a3be-8fdfd1e96547/01.10%20Q4%20Summary.pdf
Its easy to figure out North America Rev for 2010, 2011 & 2012.
Assuming US is 90% of NA Revenue we can estimate US Rev for those years.
Total US Revenue:
2010 - $2.17 B
2011 - $2.17 B
2012 - $2.2 B
Using this http://tippie.uiowa.edu/krause/spring2012/atvi_sp12.pdf
Activision research report for 2011 I can get the breakdown of % of Revenue for both COD and WOW. For 2011 it was 54% or $2.6 B of the total Revenue $4.76 B
So plugging WOW + COD Revenue is 54% into the 3 years above I get the revenue's Susman will be going after in our suit.
Total US COD + WOW Revenue:
2010 - $1.17 B
2011 - $1.17 B
2012 - $1.19 B
Now using 2%-4% for Running Royalty to determine past damages I get these for the 3 years
RR 2010 2011 2012
2% $23.4M $23.4M $23.8M
3% $35.1M $35.1M $35.7M
4% $46.8M $46.8M $47.6M
RR Total 2010 - 2012
2% $70.6M
3% $105.9M
4% $141.2M
Going back to 2006 (Due to limit of previous 6 years) I
reduce the Rev by 10% each year from the 2010 estimate above to get
RR 2006 2007 2008 2009
2% $15.4M $17.1M $19M $21.1M
3% $23.1M $25.7M $28.5M $31.6M
4% $30.8M $34.2M $38M $42.2M
Using same as 2012 going forward 6 (Kidrin stated 7 years left on patents back in 2012) additional years to 2018 I get
RR 5 years 2013-2018
2% $142.8M
3% $214.2M
4% $285.6M
Adding all years from 2006 - 2018 Total Rev
RR Total $
2% $286M
3% $429M
4% $572M
If we treble those we get triple the total for
RR Total Trebled
2% $858M
3% $1.29B
4% $1.72B
Remember this is only 54% of ATVI so total this out to the full Running totals for all MMORPG ATVI Rev I am using a safe # of 80%. 62% of 2011 Revenue was WOW + COD + Diablo 3 (Diablo 3 went to 5 players paying against each other which isn't the same as WOW or COD, but should fit into our patents IMO).
RR Total ATVI & Trebled
2% $1.27B
3% $1.91B
4% $2.54B
Now that is only 33% of the total Industry so assume only able to get 80% of the total
RR Total Industry
2% $3.08B
3% $4.62B
4% $6.16B
To get true final #'s you would have to back out taxes and legal fees but even if Worlds is only able to keep 40% of those totals it would give us a stock price (based on full 100M shares possible)
RR 40% of total going to WDDD
2% $1.23B or $12.30/sh cash
3% $1.85B or $18.50/sh cash
4% $2.46B or $24.60/sh cash
Just wanted to point out how HUGE the # can go with Worlds which is why it is completely underpriced going into such a massive event on 6-27-13.
I hope Ravicher has no idea about Worlds.
Bingo!
I should have stated with .44.
BiNgO
Sure you do everyone who's been in patent plays for the last year knows who DS is.
DS?