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or maybe they filed earlier than they told us.
Maybe IQST is learning to keep some things back.
Moving on up.
As for a trial, it's my understanding that they can settle any time before the jury actually returns a verdict. They may try to see how the jury seems to be reacting before settling. Anything for a delay.
Oh I'm not saying that there is no reason for revenge. I'm just hoping that they are cool headed about it and do what's best for the company.
Possibly, but revenge isn't necessarily the best plan for the business. It could be, but I'd like to think that there is more calculation and evaluation going on than simple revenge. A well structured settlement could give both. The best revenge is going to be success.
The entire market is down. Thank Evergrande and their looming default on their $300 billion debt. The Chinese government isn't likely to bail them out and people are skittish about what that might affect globally.
September is also traditionally a slow month.
You just keep waiting on that RS to buy in and let us know in a year how that's working out for you.
When the the price goes up with good financial numbers and profitability just ignore it and keep waiting on that RS.
Nope. It can go up very fast. It's done it before and we've all seen it. We haven't even gotten to QX yet, much less NASDAQ. So why do you keep nagging about your baseless RS theory?
Yeah, and we might get hit by a meteorite too.
Pardon me, if I don't give much credence to the post of a random internet person going against a plainly worded company statement and common sense. The share price will get to the needed levels organically. Good numbers and profit will drive it.
I don't know that the court will think that its job is to discourage this sort of theft. I would hope so. It would be nice, on more than one level, but it depends on the judge.
Everyone, myself included, wants a huge settlement. But, we should all keep in mind (again, myself included) that 5 billion is an awful lot of money. Will it hurt Google? Not even a twinge. Will it help NetList? Definitely. So, even if we get the low end of the range it's not a bad thing. It could be better, but it isn't bad.
If they purchased the chips to build their mining rigs, or bought the rigs already assembled, as most miners do, then they would be in the clear. Consumers aren't the ones who pay a penalty for not checking for patent infringement. How could they know?
Unless they had their chips designed and manufactured for themselves, which is really expensive and unnecessary, they should be in the clear.
And, according to them, they did it all without NetList tech.
Well maybe, but it wasn't patented. OK patented but not valid. No we don't admit it was valid. OK,but only since 2011!
" Still expect another settlement similar to SK to happen very soon."
With so much bad blood and lack of ethics on Samsung's part I wouldn't want them as a partner.
Of course, I'm not Hong and, as the old saying goes, politics and business makes strange bedfellows.
"If only 1/3 or half will happen, we all will be very happy I guess :) "
I certainly would be quite happy with 1/3 to 1/2.
It's a thing of beauty only lacking the Judge's sig.
In the interest of scientific inquiry, I asked a friend who reads Tarot cards about NetList. She tells me that the 3rd to 4th week of September look VERY good for profit.
Laugh if you like, but IMO Tarot cards aren't any worse than some of the other things I've seen people trying to predict stocks with.
Vanguard says they update a fund's portfolio holdings, on their website, at the end of each month. I am assuming that NetList would be in one of their tech funds but it isn't currently showing in the list of companies in their portfolios. If it were a recent purchase that would not be unusual. I'll check back and share my findings the first of September.
I am going to call Vanguard and ask how long it takes them to post a new purchase in their portfolio available online.
But they apparently do now. I was really happy to read this from Tomkila on Reddit, just now. He gives a link to MarketScreener which, if accurate, is great news.
https://www.reddit.com/r/NLST/comments/pbc5wu/this_is_great/
"Shareholders Name Equities %
Chun Ki Hong 5,165,613 2.40% AWM Investment Co., Inc. 4,751,218 2.21% The Vanguard Group, Inc. 1,598,102 0.74% Royce & Associates LP 1,400,500 0.65% Dialectic Capital Management LP 1,375,882 0.64% Penn Capital Management Co., Inc. 992,428 0.46% Invicta Capital Management LLC 979,002 0.46% G2 Investment Partners Management LLC 890,900 0.41% Harvey Partners LLC 875,000 0.41% EAM Investors LLC 854,876 0.40%"
I really hope this is accurate because I was especially pleased to see Vanguard. If they don't know how to vet a company then nobody does.
Agree completely.
We know, but circumstantial proof won't cut it. It has no bearing on this infringement case but the DOJ has filed suit against Google and I would bet a lot of money that they are watching this case to see what comes to light, that they can use. Way better for Google to settle this and never let any hard evidence of collusion see the light of day.
The NetList case will seem like an annoyance compared to what the DOJ can do.
They may well want to see what comes to light in the Samsung case. If it shows proof of collusion they'll settle quickly and/or for more money.
Holiday time is great. I hope you had a good time.
Next week I hope you come back to find that you are rich.
Yes, but goforthebet asked for a translation of that one paragraph.
NetList and Inphi met with the judge. NetList was ordered to file it's infringement contentions (detailed information on how Inphi violated their patents) by August 9th. The court also ordered both of them to file a status report, no later than August 23rd, to say how they want to proceed with the case. Including if NetList needs additional discovery from Inphi and the deadlines they need it by, plus any motion to eliminate any claims.
It's neutral. Basically the case is proceeding and everybody needs to tell the judge what they want and when, on Monday. They'll either say they are settling or NetList will want discovery and Inphi will want the case dismissed.
And, hopefully, the bigger they are the harder they fall.
That's funny. The article dropped today and the probable settlement has the market headed up with no chance of anyone spooking from a SA article. I bet he's torn on what to do first, cover or change his underwear.
Looks like Inphi may have settled. No details yet, but the case is dismissed which is what happens when two sides settle.
That would certainly explain the run up today.
https://www.courtlistener.com/docket/4145101/netlist-inc-v-inphi-corporation/?order_by=desc
You're very welcome. Glad to help. Yes, legalize is a dialect all its own.
Almost right. The 8 million was a separate engineering fee that doesn't have to be repaid. The loan was 15 million.
Just substitute 15 for 8 in your explanation and then it's correct.
As part of the deal with Samsung Netlist received 8 million (of which Samsung withheld 1.32 million for taxes incorrectly) and a loan. The 15 million loan, at 2% interest, is convertible and allows Samsung to purchase 2,000,000 shares at $1.25. The due date is December 31, 2021.
If the lawsuit drags out past December 31st, then NetList can sell Lincoln Park enough shares at $5.98 per share (per their agreement) to cover the note. Not ideal but FAR better than the $1.25 Samsung would pay.
A win for NetList before December 31 will mean that they pay off the loan with some of the money from Samsung. Sweet Karma.
From EDGAR https://www.sec.gov/Archives/edgar/data/1282631/000110465915080066/a15-23715_18k.htm
If any of this is wrong, someone please correct me. I'm using figures from the original 8K and amounts may have changed.
Couldn't NetList use Lincoln to get cash to pay off Samsung? It would be the lesser of two evils. Yes, Lincoln gets cheap shares but far less cheap than Samsung.
They are a good way for aging boomers, and younger people, to get out and about and get a little exercise. No worries about being too exhausted to pedal home.
I'm inclined to believe it was willful too. While I haven't seen anything to that effect, usually a company will send cease and desist letters before filing suit. If that was the case with NLST then GOOG had the chance to settle it very early on, or at least talk about it, but they chose to contest the patents. That doesn't strike me as something done by an unintentional infringer.
2.18 Billion. The jury found Intel not guilty of willful infringement so no chance of additional damages.
https://www.bloomberg.com/news/articles/2021-03-02/intel-told-to-pay-2-18-billion-after-losing-texas-patent-trial
If they're pros they are paid for every post that responds. If they don't get paid then they'll move on.
Nice shopping trip. Picked up more shares. Going outside to play now so I don't keep hitting refresh and beat myself up for not getting the lowest price of the day when it won't matter a bit once the settlement is concluded. Ta-ta for now.
That's so hopeful. Thanks for sharing it. Additional damages really DO get awarded.
Quite a while back, I was poking around various iHub boards looking for the next thing and ran across one where there had just been a very big run. A number of people there had loyally held tight from low pennies. (I wish I could remember the company name but I've slept since then). Anyway, one guy was saying goodbye to everyone. He'd "bought the farm" in the literal sense and was retiring from trading to enjoy living his life and enjoying his family. It was really great to read that and the replies.
I look forward to reading posts like that, on this board, in the coming years.