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http://www.cafc.uscourts.gov/images/stories/opinions-orders/13-1307.Opinion.8-13-2014.1.PDF
There's two whole majority opinios as to why that is. I don't agree with them and I agree with Chen, I was just pointing out that the opinion pointed to obviousness and internally inconsistent jury findings as it relates to obviousness. Throwing in the Alice decision just seemed to be their icing on the cake.
Alice was just a portion of the concurring opinion, they dismissed it on freaking obviousness. Never would have guessed that.
Yeah I think the share price activity, or lack thereof, is indication that it's just another YMB'er spouting off.
The 10Q stated that they were waiting on the ruling for the injunction against ZTE in India, so it was still pending as of last Wed.
http://delhihighcourt.nic.in/case.asp
CS/OS 2168 2013 is ZTE
CS/OS 314 2014 is Indiamart
It was more the timing of the volume coming in right at the close that started to get me a little excited. Oh well, someday hopefully.....
This stock just needs Bill Ackman to make a presentation about why it will go to zero.......
Pay for talent? If the same lawyers in house were arguing in court, sure, but they are not.
Again, think about how many hands are in the cookie jar here.
Should a mgmt team have 35% of a company without paying for any of it?
Seriously, please look at
4. Do all of these men deserve to be millionaires from us? It has been a pure wealth transfer scheme from investors to mgmt thus far and these moves are simply costing us.
Assuming that the company continues its success and goes on to actually cash check from GOOG/ZTE/others, the answer is an emphatic "YES". This company is more akin to a startup than other public companies. There is a great risk to folks in this type compny that they won't have a job 6 months, a year or two years from now if the wrong verdict comes down or the USPTO invalidates something. With that risk, higher rewards should be expected and I am fine with management being rewarded for the risk they've taken to come on board with a company that still doesn't have any significant revenues to date.
Personally, I will sell any signficant move, this isn't a long term play and this mgmt team is scalping us.
It has been covered a dozen times now, but I have the feeling that it will be covered again the first week of October and January/April/July/October 2015 too.
Sorry, I should have put a flashing "Sarcasm" sign at the bottom of my post.....
Funny how the sales on the last day of the quarter are the same number of shares for each person every time, almost as if they were being sold in accordance with some sort of plan......
Exactly, ZTE is not GOOG. GOOG can delay until the cows come home because they aren't being prohibited from continuing to provide an infringing product. ZTE is now being forced to not sell in two of the fastest growing markets in the world.
Yep, two injunctions in two of the fast growing mobile markets in the world, with one of them possibly lasting up to two years? I'm not one to pump, but I've never felt better about the ZTE case than I do after this one-two combo of PR's.
From the article;
"Following the ruling, the injunction is likely to remain in place until a decision on the merits has been reached. A trial schedule has not yet been set; the average length of time in Brazil from the filing of a claim on the merits until final judgment is two to four years."
Ooof. That has to hurt a little bit more than an antitrust countersuit.
http://finance.yahoo.com/news/brazilian-court-upholds-injunction-against-124701651.html
Yep! Just posted elsewhere that it's like a PR dance-off.
Only three more days where there are scheduled releases of opinions before the SCOTUS sessions ends. The 19th, 23rd and 30th. http://www.scotusblog.com/events/
Scotus blog will be live blogging Thursday at 9:45.....http://live.scotusblog.com/Event/Live_blog_of_opinions__June_19_2014
Obviously, I think that we all have an interest in how broad or narrow the Alice ruling is.
Selloffs are ALWAYS on the way with this stock until money's in the bank, lol.
Here's the VRNG we know and love. :)
Seems like this is just retail trying to get into VRNG thinking that the laches decision has already been issued in VRNG favor.
Yeah, but then we can start the speculation of how will the Supreme Court view the laches decision if VRNG loses at CAFC. The fun never ends!
Re-reading the blog post again, I would probably answer my own question as "no".
100% agreed. Does the laches finding have anything relatable to our current case at hand?
If it's across the board, could it be this? http://www.scotusblog.com/2014/05/opinion-analysis-justices-take-a-lenient-view-on-late-copyright-suits/
I know we're talking two different things with patents and copyrights, but it does discuss laches;
"The district court and the Ninth Circuit agreed with MGM and dismissed the case, but the Supreme Court disagreed. Justice Ginsburg (writing for a six-Justice Court) largely adopts the analysis of Petrella (represented by Stephanos Bibas). The opinion rests on a highly formalistic distinction between damages (legal relief) and injunctions (equitable relief). Because laches is an equitable doctrine, it can have no role in determining the timeliness of an action for damages. The Court acknowledges that courts often have applied laches to assess timeliness for causes of action without a statute of limitations, but it insists that the Court has never relied on laches to invalidate a suit brought within a time limit set by federal statute. There is, then, no basis for dismissing the suit for damages."
I hate how much VRNG stock has been beat up lately, but remember, we were so excited to be listed on the Russell 2000 index. We have to take the good with the bad. http://www.cnbc.com/id/101656372 The Russell 2000 is down 9.5% from its March 4th high. I'm not saying it's all the reason we're down, but it certainly doesn't help. A lot of analysts and commentators are waking up to the fact that the market, tech and small cap stocks in particular, look a little frothy relative to profits, so it might not be over completely. That is, until something major is announced like a ZTE settlement, which would unchain us from the index.
I believe ZTE's main smartphone platform is Android, thus GOOG has a vested interest in any injunction on ZTE products.
Dan Ravicher 5/7/14: After having a tuna salad sandwich, I have changed my mind and think GOOG will win appeal.
Dan Ravicher 5/8/14: On third though, I think the judges will call a draw and nobody wins.
Uhhhhh.....that escalated quickly :)
https://www.comcourts.gov.au/file/Federal/P/NSD1010/2013/actions
Another postponement to May 6th in a different venue.
Next time VRNG has some sort of positive development like this morning, we really need to play "Over/under on amount of time post-announcement it takes YMB to speculate that GOOG will have to buy VRNG now".
That would be entertaining.
They could very well give a current cash balance as of the date of the earnings call just like they did last quarter.
As they should, considering VRNG never loses.....(knock on wood)
That would be a great 1-2 combo to top the week off.
Kicking myself for selling TWTR $45 puts in jan to buy more vrng....
I don't think that there will be anything regarding ADT because I don't think there was any cash involved. If you dig into the company, you realize that ADT purchases its' devices from its' former parent, Tyco. The language of the 'settlement' PR, coupled with that point, makes me think there no there there.
Are we still waiting for the eminent buyout or whatever you said was going happen in Feb./March?
That's dated January 2014.
*puts on tinfoil hat
Well, they are big on Android phones.......
Yep. I'm not holding much credence to ADT actually equaling cash or anything of value. I found a master supplier agreement with TYCO in ADT's 10-K after they spun off from TYCO a year or two ago. It may be that ADT doesn't actually manufacture the infringing devices and the suit was dropped or some other similar agreement was made. The language of the PR that inlcuded "confidential agreement" concerned me because every other time in this type of scenario "a confidential license and settlement agreement" is used. See, Microsoft settlement.
What's hilarious to me is that when I, and others, predicted this would be the case months ago, we were called shorts. (Not by you, just by some on the board)
The only thing I know of is Robert Young (@P2chairman) tweeted on 2/19/14:
"Hearing $MSFT is in talks to buy $VRNG.....hmmmm." and then he responded to some people's questions saying he was contacted by a journalist preparing a story. I haven't been able to determine if or not he is totally full of shit. My skepticism is high, though.