The more assumptions you have to make, the more unlikely an explanation is.
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Yes, the truth matters.....C VS C is the closest concluded example I've seen to N VS G.
!!!!!
So Judge entered a final judgement dated 3/19/2021 for the Centripetal V Cisco after Cisco was denied a request for a new trial. It was for 3 or 4 yrs of willful infringement on 2 patents. The cash portion was based on approximately 9% of the $21bb in revenue enabled by the 2 patents. That included 2.5x the basic # for the willful part. In 2019 Cisco had $49bb in revenues.
I did a basic Noogle search for Centripetal semninal patent and came up empty. It's clear that whatever their security patents do is special or unique but "seminal" is not associated.
I found one mention of appeal to Federal Circuit Court when the Judge first ruled on this settlement in 10/2020. But Cisco must have been advised against the action because post 3/19/2021 there is zero news on the case.
https://www.worldipreview.com/news/cisco-request-for-new-trial-denied-after-1-9-billion-loss-2115
link back for jmcai273 original post.
Sound familiar?:
Cisco has been hit with a massive $1.9bn patent-infringement bill for copying cybersecurity tech from Centripetal Networks and pushing the company out of lucrative government contracts.
The network switch maker infringed four patents, a Virginia court decided on Monday, but since the infringement was “willful and egregious,” the judge multiplied the $756m owed by 2.5 to a total fine of $1,889,521,362.50. With interest, Cisco faces a hefty $1,903,239,287.50 bill “payable in a lump sum due on the judgment date,” the court said.
The four patents are: US 9,203,806, 9,560,176, 9,686,193, and 9,917,856.
That’s not all: the court also imposed [PDF] a royalty of ten per cent of some of Cisco’s products for the next three years, and five per cent for three years after that. That royalty must be at least $168m and no more than $300m for the first three years, and between $84m and $150m for the next three, the judge said.
Even though the sums are massive, they are far from ruinous, and represent about three months of profit for Cisco. The networking giant also has a massive cash pile of roughly $30bn that the total bill will barely eat into.
As for the tech itself, Centripetal Networks, based in Virginia, developed a network protection system that was in part funded by the US government. The patented parts of it deal with speed and scalability issues, and allowed for live updates and automated workflows. It outlined the technology to Cisco after the company had signed a non-disclosure agreement. But then Cisco simply stole the functionality and incorporated it into its own products in 2017. Centripetal sued [PDF] the following year.
“The fact that Cisco released products with Centripetal’s functionality within a year of these meetings goes beyond mere coincidence,” said District Judge Henry Morgan in his judgment. He noted that Cisco had “continually gathered information from Centripetal as if it intended to buy the technology from Centripetal,” but then “appropriated the information gained in these meetings to learn about Centripetal’s patented functionality and embedded it into its own products.”
https://forums.theregister.com/forum/all/2020/10/05/cisco_patent_bill_centripetal_networks/
One thing I’ve seen Albright not tolerate is an unnecessary delay in court schedule. As a matter of fact when another defendant tried to slow walk an infringement case the judge moved up the schedule by a ridiculous amount. Judge’s point was very clear, don’t be disingenuous and move forward with the case. Albright is a reliable judge. That is a big plus and a positive event. Positive event can be turning points.
Yeah me to, it’s a appealing visual. Has the ring of truth.
Market cap :)
YMB: silvia6 hours ago
The Internet Highway is a toll road --- and Netlist technology will be the gatekeeper.
I was speaking with a friend of mine yesterday who has been invested in NLST for many years. She was down on her investment for much of that time as she started investing above $1. We were speaking about NLST and what the future holds when she blurted out, "until someone figures out a better way and makes NLST technology obsolete." And though I was not surprised by the comment (I've heard terms like "reverse engineering", etc. for years), it still didn't sit well with me.
But as I considered it further, I reflected on the fact that NLST invented rank multiplication and load reduction over a decade ago. And though all the memory makers affiliated with JEDEC have known of it and have used it for all those years, no one has been able to improve it -- or do it better. Yes, we've had 3D Xpoint and have heard of new disruptive technologies using materials like gallium arsenide, germanium, graphene, etc. - but none have panned out. The fact that NLST uses established materials (i.e., silicon) and does it in a way that makes it a cheaper and faster way to transfer data is the brilliance of what they do.
I thought about Shark Tank and how the cast members want a "barrier to entry" before they will invest in a company. Netlist seems to have built a moat around their technology based on patents they discovered doing contract work for companies like Dell and HP. And though the use of "obviousness" claims at the patent appeals board by NLST opponents have unfairly reduced the strength of some of their patents, NLST has certainly shown they have enough arrows in their quiver to bring those same opponents to the negotiating table.
And now that they have sufficient funding to pressure all infringers to negotiate, it is ironic that the term "obviousness" is the perfect word that answers the question, "will memory makers/users have to pay Netlist's toll on the internet highway?"
Yes - the "obviousness" of memory maker/users having to pay the toll is becoming apparent to more and more investors.
btw - my apologies to all those who think I made the stock go down yesterday and today.
.40 may or may not be the high for now but a 500MM settlement (half of the low end of what people are expecting) could easily improve the MC x4 which gives a pps of around .79
If you will combine with 8006. I'll re-sticky (?).
L2 looks just like that to me as well "sniff out shares"
This is a great read, "Hey google, remember all those services you sold to other companies all those years? Well you neglected to pay us the license
fee for the infringed product that allowed you to provide that service." The read goes on and on and on. Google would be foolish to not settle. This is a simple logic, any jury can understand this.
"Mathy" lol
I took some really nice profits the first time it went to $3. Added as it leveled in low $2's now just holding.
$8 is the new $2 (?) A wise and humble person told me, after the CC, that risk has reduced dramatically. Google has admitted to post 2/2021 infringement which low end is $200mm a year in licensing. That with SK I have to wonder where is our 4bb MC?
Might be useful to add Sept 17 to the Google date, that post is now a sticky.
Judge weighed Samsung’s paltry evidence” best line
EEK!!! Good thing it’s soon.
Noogle! Yeah rs means run soon it’s a rare stock that doesn’t lose a good portion of that gain. Risky for shrholders.
They must have felt very threatened with the that large population behaving aggressively about borders.
I’ve invested with companies whose CEOs are smooth as glass, zero bumps but couldn’t bring it home for shrholders.
CEO was thoughtful and real. Completely disagree with your sentiments.
That’s right they presented the numbers straight up no BS.
Noogle
Hear! Hear! Well said!
You bet! I think they are doing great we knew Q2 would not include any of the $120mm product, Netlist Strong.
I don’t consider it a miss lol and agree we are on track.
I thought .16 would be a little high. The hard part to hear on Q1 CC was that SSD sales would be a slow rollout because of supply.
IMO whoever said .16 didn’t get the message. Also this is a small company
becoming a large company, they are doing great!
Total ghost mode.
Talking about that brasher on Reddit jeffwaterworks poof got his stream is empty
I’ll tell you whats funny to me is jeffswaterworks stream is empty lol lol lol
…..and buying folks looking for larger positions
oh I see they each still get chance to respond then the original submitter has last word. Thank you that cleared it up. Sept not far off.
Seems there was a whole lot of responding going on in Sheasby’s request for partial summary judgement “16 and all.
“deadline to respond” Sept 3 (?)
Yeah if they sell do something like that.
Happy B’day! And thank you for your hard work trying to keep it real, especially that one dude on Reddit.
Partial Summery Judgement, the first and maybe only summation quote:
I know what you mean, this is all pretty heady stuff. Been eating healthy getting exercise and lots of music.
"Glad I own NLST." ME TOO!