XpresSpa Group Inc (XSPA)

[copperslash]

Excellent comment under article:

I wonder if the street analysts are aware of the significant litigation costs ZTE is expending vs. the US enforcement arm of Nokia (VRNG)?

ZTE has stated recently they will lose upwards of $30 mil from an injunction in place in Romania due to the infringement of patents co-owned by VRNG and NOK. ZTE continues to utilize patented technology that they do not own without paying for the use of that technology, and appear to be willing to waste millions of shareholder funds vs. settling on FRAND terms (publicly disclosed by VRNG).

These are Standard Essential Patents in the 2/3/4g space and despite numerous losses vs VRNG, ZTE continues to waste shareholder funds fighting a losing battle. Injunctions are also in place in Brazil and other jurisdictions.

In addition, recent events in the USA could threaten ZTE’s ability to sell its products in the USA if they continue to disregard international and us intellectual property law (see the Vringo vs ZTE case in SNDY overseen by Judge Kaplan).

I will be curious to see when any Wall St. analysts covering this stock start doing their research and realize these suits and actions by zte (unwillingness to settle) will likely lead to a material negative outcome for ZTE shareholders.