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Just a ball park estimate. 3.5% running royalty of the estimated $12.5B MMORPG industry is $420,000,000 per year. Growing to over $700,000,000 per year by 2018. How much of that $12.5B infringes on WDDD is the question that we all want to know.
The potential settlements are kind blowing!
Again read my message please news "ESTIMATING" settlement will be out soon. I do not anticipate a settlement until after Markman.
News from last week doesn't discuss WDDD but it does show how a positive Markman ruling move the price of similar IP plays. Vringo up 50% the next day on positive ruling. PRKR up 60% the next day on positive ruling. Several other WDDD longs comment on this article so make sure you read the comments. http://seekingalpha.com/article/1280631
That bounce we saw yesterday will be nothing compared to bounces that will come in the next few weeks. The street wants to balance risk with reward and there is way to much reward to keep this below $1 much longer. You don't go into a binary event @ 20% of the market cap you will have after that event. The market always adjusts this Risk Reward into more of a 50/50 shot. 50/50 is not even a balance as I have our odds of a successful Markman hearing more like 75/25.
I agree we have had a big buyer move in the last 3 mornings. Hope they will be adding in the next 3 mornings still. Look around 10:15-10:45 for someone to smack that bid.
My post stated news "estimating" the settlement will be out soon. Yes obviously settlement will be after Markman and before trial I would assume.
Legendary Susman Godfrey world class law practice with superstar Max Tribble as our lead council will destroy any opposition.
Max Tribble's list of accomplishments:
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.
Traders beware this ride not over yet. Look to trade in the low .60's early next week. I anticipate more news with this time estimating the potential settlement from ATVI. Look for this news in the next 3-5 days. People who are upset they missed the boat don't understand that currently we have about a $30MM settlement from ATVI priced in. Estimates will be 10X-15X that much. Not to mention ATVI is only one slice of the pie with many other suits against many other companies to come after Markman hearing on 6-27. Obviously WDDD is an absolute steal under $1 PPS.
Chapter One in Investing in Stocks for Dummies states never sell a break out 2 hours in. Sellers today will miss the bulk of the move. The guy who sold @ .48 today will be in the same boat with the guy who sold @.30 4 weeks ago. Why would you want to sit on the sidelines and watch this climb into the .60's? If you want to trade fine but don't do so until it has established a new trading range. Who know when this will stop? I don't! Until we get to $1 PPS way undervalued for Markman.
End of the run? Wha? Do you know what's going on here? This run will pause on 6-27. After that its on again. Selling for pennies will miss $'s very soon. Good luck trading this. Tomorrow could easily be in the .50's and .60's by end of the week.
How 1.5X more impossible
Dies anyone else hear that?? Beep Beep Beep. Sounds like someone is backing up a truck!
2 things to point out
1) WDDD still grossly undervalued will easily be + $1 PPS by Markman date of 6-27.
2) The last run doubled the price in 5 days. If this is similar will not stop till +80¢ PPS! Traders will miss the bulk of the run! Big boys loading up now!
Each minor pullback is another weak hand being replaced by strength!
How bad to sellers at .45 feel now? Wait 20 minutes and sellers at .48 will feel the same way.
Is this the same buyer who has been loading up the last 3 days? Almost like clockwork it hits at the same time. 300-400k volume in minutes.
Lots of buyers lining up will chase this higher!
Woo Hoo! Hold on to your lug nuts its time for an overhaul!
Bid moving up nicely buyers giving up waiting for a seller.
Runway is clear for takeoff!
Today, tomorrow or very soon as the clock is ticking and the time to buy is now!
Good morning WDDD future millionaires! Great day ahead .44 sure to fall today or tomorrow. After that sit back, relax and watch her fly!
Looks like tomorrow if we get any follow through from the last 2 days we will really test and hopefully break this .44 barrier and be on our way to greener pastures!
Been thinking all weekend why they needed the extra money then bam today I think I got it figured out. Unlike previous patent plays suits for infringement they were against the entire company and royalties or settlements were based on the entire infringement. When we take ATVI to court it is only over infringement of 2 of their titles COD & WOW. This represents only a portion of the revenue that will eventually have a suit filed against ATVI. Why work out a settlement for part of your business when you know litigation is pending on more of your business? This extra revenue is most likely so they can work out all the titles that ATVI has infringed on them and also with the new patent strengthening this can be greatly expanded in areas they were not thinking about a few weeks ago. They want to have their ducks in a row so that as soon as Markman is ruled in our favor we can file against all the other titles they have that infringe WDDD's patents. Then when we meet at a settlement table it will be to settle all matters with one swoop. This work needs to begin now as no serious settlement talks could happen without both sides knowing the extent of the total infringement.
Guys been unable to keep up today with meetings need an update. Have we figured out if the new investors have been buying in yet? I only ask because this morning looks just like Friday morning. Now we need the rise into the close like we had Friday also.
Iroquois check
Hudson Bay check
Billionaires getting in Barry Honig check
New EDVA article hitting today check
Everything is lining up for a huge run!
I agree $5 is low balling it, but it will take 12-18 months to get to $10 best case scenario. Getting $5 in 4 months is a great consolation prize not to mention a 1200% increase from here.
I vote greymatters the worst long that is up 300% in the history of longs who are up 300%. My guess he just wants to buy your shares as cheaply as possible by creating some doubt. Won't work on me.
If WDDD patents are legit, and I think they are, a good move for ATVI is to buy out WDDD $5 PPS then sue the others in the MMORPG industry. This would dramatically increase their earnings with all the royalties coming in. This way they come out ahead and WDDD gets paid also!
Eagle lots of people said the same thing .19-.25 the traders missed the huge run to .44. History will repeat and we will be on the next huge run. If I am an average 20 of us could have several million shares.
Yeah royalties will demand multiple. Just like VHC. You go ahead and stay away and miss out if you want. GL
Markman can make several longs millionaires if you hold on. Of course there will be 5-15 more suits once these patents are confirmed in court! $10/sh not outside possibility in 12-18 months! My personal estimates are $1 by Markman. $2 - $2.50 a few days after that. $5 after settlement with ATVI, and $10 after 5-15 more suits filed for the rest of the MMORPG industry.
Celt sounds like they have plans for that money. Like starting research on who will be sued next? Train has left .30ville and on direct course to .60ville!
More suits will surely flow once they prove ATVI is infringing. Then triple whatever they will get from ATVI for the rest of the MMORPG industry!
Mr. White?
Dilution was destined to happen. This is small potatoes and could have been much worse. I am never happy with dilution but this is a very minimal transaction.
Exciting day lots of new info I am traveling today so I will try and digest it over the weekend! Can't wait for Monday! Have a great weekend.
Personally I think going into Markman anywhere lower than $1 is Russdiculous. However anything over $1.50 is too bullish. Long way to go to get into that range. I think the odds of a successful Markman is 80%. As more and more info comes in I may change that higher or lower depending on what that news is. Right now WDDD is mega way undervalued.
After a successful Markman $2 should be an easy to hit goal with $2.50-$3 by trial date.
It's hard to compare VHC to WDDD. For one VHC has many victories already and you have to assume they went after the easiest infringers first and moved out from there. For that same scenario to play out with WDDD would be good news for todays longs as Markman would have been successful and our price would be much much higher than now so lets not get the cart to far in front of the horse.
Yeah I know it seems like trading any rise to .42-.43 and buying back .37-.38 is easy money. Warning this is the same thinking going on 3 weeks ago and the sellers @ .25-.27 are still waiting to get back in and missed the huge run to .44. My advice is keep your trades small if you do because this baby will crank it up soon as the clock is ticking. You simply don't go into a binary event like Markman where the value of WDDD will be +$200 million if successful and stay at current levels if only 1/7 that value. Also odds of a successful Markman is not 50/50 but much better in my opinion. The burden of proof along with the 7 patents and 59 claims only have to show that one of the 59 could infringe and bam the trial is schedule and the WDDD booster rockets will have been ignited and on the way to 250th St!
I think we will be holding long after that date. No harm in taking a little profit along the way but Markman is looking better and better each day.