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Bingo! You don't go into a binary event with the strong possibility of getting a half a billion $ or more with a market cap under 1/10 that level. Risk Vs Reward is tilted too far toward risk and must be adjusted toward reward. No way this stays below $1 by Markman date. Look back at VRNG & PRKR, WDDD will follow the same play book.
I agree if you trade keep them small because news can hit any second that could send this into the stratosphere. WDDD has an awesome team behind them in Susman Godfrey and with Max Tribble in charge the sky is the limit.
Looking beyond the Markman hearing you have to wonder if they will file suit against FB, LNKD, ZNGA or who knows who else before the trial? Could happen!
Imagine this scenario:
Markman hearing sending this into the $2 range then a few weeks later announcement of more suits could spring this above $5 in just 4-6 months. Making millionaires by the dozens!
Everyone have a great Basketball weekend and a happy Easter! See you on Monday!
Ready for some Tomfoolery?
You ain't seen nothing yet! WDDD will be the pop of all pops! Glad Vringo is moving JJ will be responsible for a large move in WDDD as lots of Vringo money will flow into here when that is finished.
I guess WDDD has the answer to the famous question "Does anyone know how to post videos to Facebook?"
This will be huge!
That about sums up my sweetest dreams of WDDD! Well said CB. Do a SA article on those companies and that potential.
Agreed sit back and enjoy the ride. Don't worry about pennies or nickels today when tomorrow it will be dollars.
Bombshell!
While discussing the possibilities of WDDD to a friend of mine he noticed something I had missed. It's entirely possible, maybe even likely, the next company we file suit against will be Facebook.
Read the article from last year under the chart that shows growth of online virtual users this is stated:
Given that these patents clearly describe literally any variation on multi-user interaction in virtual space, we were interested in the possibility of other future patent infringement suits in sectors other than gaming. ------------->Mr. Kidrin was forthcoming about this issue, and stated that he believes the major social networking sites are also infringing on some or all of these patents. Simply put, more lawsuits are coming down the road, adding further value to WDDD.
Link to article.
http://enhydrispe.blogspot.com/2013/01/worlds-inc-next-big-patent-play.html?m=1
You mean when not "if"
It's going to be huge!
ATVI first to get smacked! who's next? FB? LNKD? ZNGA?
I'll settle for the top stock gainer in 2013.
Bombshell!
While discussing the possibilities of WDDD to a friend of mine he noticed something I had missed. It's entirely possible, maybe even likely, the next company we file suit against will be Facebook.
Read the article from last year under the chart that shows growth of online virtual users this is stated:
Given that these patents clearly describe literally any variation on multi-user interaction in virtual space, we were interested in the possibility of other future patent infringement suits in sectors other than gaming. ------------->Mr. Kidrin was forthcoming about this issue, and stated that he believes the major social networking sites are also infringing on some or all of these patents. Simply put, more lawsuits are coming down the road, adding further value to WDDD.
Link to article.
http://enhydrispe.blogspot.com/2013/01/worlds-inc-next-big-patent-play.html?m=1
I agree everyday there isn't a large bid near the price they take out a few cents at the end of the day. If I were looking to get in I would place an order .015-.02 below the current price during the last 10 minutes of the day.
Good morning WDDD my price targets for next 3 months!
April 27th - 60¢
May 27th - 85¢
June 27th $1.25
Post Markman victory $2+
Not a bad return for 3-4 months time frame!
Look around 9:30 its there
The secret is getting out
No trades under .40 today. Buyers will give up waiting for a drop. Those who give in first will get the best deal.
Last 2 days show how you can't possibly trade this yet. All you can do is hold and wait for the big money to roll in.
Only one panicked dummy sold under .40 yesterday.
Worlds Inc. (WDDD.OB) is a small company, with a market cap of $34.59 million. Yet, it is a company with vast potential, due to the fact that it recently filed a patent infringement lawsuit versus Blizzard, Blizzard's Call of Duty and World of Warcraft franchises. Worlds holds a few different patents regarding how to have players interact in a virtual three-dimensional world, WDDD holds patents regarding the construction of this world. When WDDD filed the lawsuit. The primary firm representing Worlds is Susman Godfrey L.L.P. On a quick Google search, you can see that these attorneys are no push over, and they are definitely not new to the game of patent litigation. They are ranked Tier 1 nationwide in intellectual property litigation. The fact that Worlds has a well-respected law firm at the helm leading its charge against Blizzard, helps to reassure shareholders that Worlds will likely not blunder the case due to ineffective counsel, and it shows that Worlds will have some of the best people in the business working on the case. Which helps to show shareholders that Worlds is serious about its claims against Blizzard, and Worlds is ready to go to war. Worlds' lead counsel on the case is Max L. Tribble, a person who has a few notorious wins of his own in the patent world. In regards to legal competency, Worlds is definitely not a bunch of pushovers. There are a few important dates coming up for Worlds in its patent lawsuit, as it will be having a Markman hearing in June 27, 2013. For those of you who don't know, a Markman hearing is when the judge rules about which side's interpretation of the language of the patents is the one that will be used in court. It will also help to set a schedule going forward for the trial. There are also other patent plays, where companies are suing much bigger competitors.
Suing much bigger competitors has helped to get Vringo (VRNG) notoriety. It recently won a large jury verdict against Google (GOOG), related to Vringo's search patents. The jury awarded Vringo 3.5%, however, the lawyers are fighting over whether this is 3.5% of the 20.5% revenue increase, or if it is like the math that the jury did, 3.5% of 2.5%. This question will be huge for Vringo, and I lean towards the former because that was the evidence presented to the jury, regardless of any sort of mathematical error by the jury. Vringo has some important court dates coming up, including when the judge makes his final ruling. The date is not known by either side likely, so it could come at any time. Also, Vringo recently filed lawsuits against both Microsoft (MSFT) and ZTE. Microsoft Vringo is suing for a similar thing as Google, related to the way in which Microsoft's bing search engine ranks ads. Whereas Vringo is suing ZTE in Britain and Germany, related to patents that Vringo acquired from Nokia, related to telecom infrastructure. The upcoming case against ZTE can also represent a huge catalyst for Vringo, as the courts in Germany are much faster than the courts in America, and there has recently been speculation that this case could go to court as early as October of 2013. Vringo over the next few months will definitely be an important stock to watch, if it gets what it wants out of Google, then Vringo's patents will be hard for Microsoft to defend against as well.
Some other patent plays to look into if you are interested in companies which hold patents, for which they are suing other people for violating are ParkerVision (PRKR) in their lawsuit against Qualcomm, MGT Capital Investments, Inc. (MGT) in their lawsuit against various gaming vendors related to casino slot machines with multiple payout events. Also, the largest company of the bunch VirnetX Holding Corp. (VHC) in regards to their recent lawsuit against Apple (AAPL), which has not gone the way that it intended. However, VHC has won many different lawsuits, and we can expect it to win more as time goes on.
For all of the above stocks, legal rulings will represent a catalyst. The above legal rulings have the chance to increase the stock price substantially, with millions of dollars on the line. Overall, these stocks represent very risky investments, especially companies which utilize patents versus larger companies. For those of you who are interested in the law, there can be big money made out of correctly picking legal catalysts.
ATVI longs should be buying WDDD aggressively as a hedge. If you have $500M of ATVI looking at a potential 10% haircut from WDDD wouldn't it make sense to hedge into a WDDD position? Cuban did this very thing with Vringo v Google.
In a nut shell this is why I am here. Absolute no-brainer we are much higher in 3 months. Potential reward is a +20 bagger!
Good Morning WDDD
Another poster on another WDDD board posts his conservative estimate:
"* COD box set revenues in the US = $600M
* COD subscription revenues in the US = $180M
* WOW box set revenues in the US = $40M
* WOW subscription revenues in the US = $360M
TOTAL = $1.18B for 2012 just for the US.
And keep in mind that the COD title for 2011 (Modern Warfare 3) actually sold more than the 2012 title (Black Ops 2) by ~$100M in the US, so past damages could be even more substantial.
And keep in mind that the COD title for 2011 (Modern Warfare 3) actually sold more than the 2012 title (Black Ops 2) by ~$100M in the US, so past damages could be even more substantial.
So even without factoring in any trebling for potential willfulness, and assuming only 3.75 years left on the life of the patent, this still projects out to ~$400M for WDDD (~$160M after 40% legal contingency and 35% taxes)."
Again this is not trebled so it can and should be tripled, and is only half of ATVI's total Revenue, AND the MMORPG industry is TRIPLE that.
Run these #'s to best possible results push WDDD's total to $3 Billion or +$30 PPS!
$160M x 2 ATVI total Rev = $320M x 3 trebled = $960M x 3 for total MMORPG = $2.89B!!!!!!!!!
I do not know where WDDD will trade tomorrow or next week or next month. My position on WDDD is this:
On June 27th the Markman hearing will start to see if Legendary Litigator Susman Godfrey and superstar lead council Max Tribble know what they are doing. I think they do know what they are doing and I think we have a very good chance to pass this test.
WDDD is going after the 2 largest games and largest MMORPG company ATVI. This is not because they are the only games that infringe, but they are the best way to state your case and set up quick easy settlements with the rest of the MMORPG industry. I think this because I believe that WDDD's patents are wide and critical to the MMORPG industry and will be easy to win a case esp with the legal team in our corner.
Potential settlement or damages is what this will all come down to in the end. COD and WOW revenue per year is huge. 3.5% running royalty is what is standard for this type of infringement so I would think this is what we will win at court, or in a settlement. I also think we can easily prove that ATVI was a willful infringer so those damages can be trebled or tripled since ATVI knew it was infringing without paying to use those patents.
Again since I think WDDD is just going after COD and WOW to set a precedent not because they are the only ones who are infringing but because this will lay the ground work for quick easy settlements down the road. I think ATVI will in the end settle for all its MMORPG library which will double the amount of the COD and WOW amount.
Then the full ATVI settlement will be 1/3 of the entire industry and I think we will be able to get the same rate we get from ATVI from the other 2/3's of the full MMORPG industry.
Basically the #'s work like this: COD & WOW if they show 3.5% of revenue is paid for the past 10+ years and for the next 3-5 years (still trying to nail down how long past and future will be, obviously future years will be more profitable than past years). So if that # is low lets say $100 Million that will end up being Trebled to $300 Million. Then doubled to include all ATVI MMORPG titles to $600 Million. Then applied to the other 2/3 of the full MMORPG industry to equal out somewhere in the $1.5 Billion dollar range or a stock price of $10 - $12 Cut this # in half and we still have a huge run to $5 - $6 range. Hell even 1/4 this # is still a huge % increase from here to $2.50 - $3.
So I maintain we will not go into the Markman Hearing on 6-27 with a potential reward so high and be able to keep the price this low. Of course there is always a chance we don't make it past Markman and end up back in the .20 range, but I think that is unlikely.
Reminds me of 2 weeks ago when we sold down to .35. 5 days later we were in the upper .40's. this is typical with a small float and gives new buyers a chance to get in at a good price.
Also watch out for stop orders your shares can and will be basically stolen from you if your stop is taken out. I recommend not setting one or if you do make it low enough so you won't get them stolen from you.
Worst case is Markman fails to show anything and we never get to a case.
Doubtful that Susman Godfrey wasted 9 months researching this and what they found had superstar Max Tribble "eager" to be lead council. If you ask me these guys don't get this wrong. They know when they have enough to get to a trial and wouldn't waste their time if failure was an option. At the same time there is no free lunch so going all in through the entire Markman hearing process is absolutely risky. Maximum risks tend to lead to maximum rewards.
Amazing someone feels the need to sell out at .41-.42 when he could have easily sold for .44-.45 today. Wasting money???
Remember 2 important things heading into the Markman.
1) It is a binary event so even though chances of losing Markman are low don't let that small chance ruin you.
2) When estimates start rolling in for awards or settlements from ATVI the current suit is only against 50% of ATVI's revenue (COD & WOW) If patents are wide look for this to end up going to 100% of ATVI's revenue, and that is only 1/3 of the total MMORPG pool. If we get an accurate estimate of potential award @ $200MM that can easily turn into $1.2B! I think with the additional patents granted recently the odds the patents are wide are high and going higher!
GLTA see you next week I will be off the grid for awhile!
Yeah your giving our sharpshooter Max Tribble 59 bullets to, not hit the bulls eye or even the target, but to just get a shot off. Post Markman WDDD can be above $2.50 PPS. No way it stays below 80¢-$1.00 with that much potential! I consider this Pre-Markman a strong buy below 75¢ and a buy below $1.
Buyers need to make sure they're not "all in" as there is always a small chance that Susman Godfrey & Max Tribble just wanted to waste 18 months and millions of dollars researching these patents. And somehow after tons of huge victories in other similar patent cases have lost their minds and we are doomed.
Doubtful at best. I think we are in great hands and look forward to the WDDD millionaire party sometime in August once Markman grants a trial!
Good morning just got to keep reminding myself that we are in good hands. Legendary Susman Godfrey world class law practice with superstar Max Tribble as our lead council will mop up the floor with ATVI's legal group.
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.
I hear Kidrin is looking into this after ATVI settles.
http://news.sky.com/story/1069663/monaco-penthouse-worlds-most-expensive
Again this a post originally written by Newbie on a Vringo message board describing how much will WDDD get from suit against ATVI? The current guess is $500MM but it could range from $0 - over $1B. There are a ton of variables now and as we get in more information before and during the hearing we can fine tune the possibilities of how much WDDD can get out of the infringement case against the entire MMORPG industry.
And that is precisely the obstacle we face at this point in time: Not simply a news vacuum, but an entire vacuum of any type of info at all. But this is simply par for the course when a company is still months away from a Markman hearing.
Until the claims construction is hammered out, no one -- not even Kidrin -- has any clue what the scope of infringing products and related damages will be.
But, all the key metrics are already available for you (anyone, really) to begin calculating low and high ends. But you will find that the gap in between is so vast that it is truly unhelpful at best. For example:
For the Royalty Base, you can be conservative and say that it will only apply to the COD/WOW titles. Based on historical numbers, these 2 titles comprised ~52% of ATVI's ~$4B of annual revenues. For the high-end, you can assume that the claims construction will permit a broad enough definition that all of ATVI's titles will be deemed infringing, therefore all $4B is to be used.
For the RR, there are not many comparable cases on this specific type of software, so we have no clue what a reasonable RR is. You can be conservative and apply 1.0% or aggressive and apply 5%.
For the claim on willfulness, you can be conservative and keep the RR untrebled, or you can be aggressive and treble it.
For the legal contingency, you can be conservative and assume 50%, or you can be aggressive and assume it will only be 30%.
For the O/S count, you can use the 82M currently outstanding, or you can be more conservative and use the full 100M that are authorized.
Also related to the Royalty Base, you can presume that there will be no growth over the patent life, or you can factor in a 10-15% annual growth rate.
In addition, you can assume that only ATVI's revenues will be on the table, or you can be aggressive and factor in a premium to reflect the fact that ATVI's $4B in current year revenues represents only 33% of the $12B for the MMORPG industry in total, and that WDDD will be getting a piece of the entire $12B.
Or, you can forget all of the above and simply just assume that the "smart money" that the big investors have brought to the table (and hopefully will continue to bring more to the table) is already aware that settlement is the likely outcome and have already set their own price targets based upon a settlement of $xxxM, which bears no real relationship whatsoever to any of the damages factors highlighted above!
The point to all this is simply that it is easy to compute a potential damages number, but the assumptions are still so much in flux that the potential resulting sp that results from thiese calcs will range from less than $1 all the way to $40+. All interesting to look at and think about -- but completely inactionable pieces of information.
The bottom line is that in the absence of concrete info/facts, it does not matter what YOU think the damages amount and impact on the sp will be -- it only matters what the masses of other investors believe it will be, so your best bet is to think like a TUT and try to value it the way "smart money" will value it -- and not by using the silly pie in the sky assumptions that retail investors typically use."
Tomorrow I would like to see a quick test of the .43 level and then an all day march back toward .48.
Markman hearing another day closer and another day closer to $1/share!
Just looks like someone dumped this morning a few hundred K shares and MM's are keeping it down. Probably due to VHC's weakness. Who cares really solid investment several hundred million potential. I look for a new range to build from .43-.48 and sometime over the next week or 2 we blow through that and start a new round in the 50's. Of course show stopping news that could send us to +$1 is entirely possible at any moment.
Call me when there is some actual news to trade on.
Nothing to worry about build a new trading range in the mid to upper 40's and soon we will break through to the 50's. Lots of people taking notice that WDDD is sitting on a gold mine and Max Tribble is our head miner! Sit back and relax this is the same thing that took place before we broke through last time. Potential reward is to large to not be around $1/share before 6-27 hearing.
If we assume the run from the mid 20's to the mid 40's was a big dog getting in when will they have to disclose this? Assuming they got enough shares that they will have to disclose.
Absolutely
People sell for dozens of reasons but it would have to be a critical necessity for me to give my shares away so cheap. Perhaps its just someone reducing their risk from the mid teens a few months ago? Regardless we will be much higher 10, 20, 30 and 60 days from now.