XpresSpa Group Inc (XSPA)

[VRNG24]

If you read the complaint filed against direcTV in SDNY, and you read and fully understand both of the QS patents, you will see where DTV is in a tough spot. Look at the numbers involved and you will see where Vringo stands to make some decent money out of this. DTV annual revenue in 2014 was 33 Billion dollars with an estimated number of 35 Billion for 2015. Targeted ads will bring them close to 750 million dollars in 2016 and the QS patents are a problem for them. IMHO, the settlement will happen soon and will be worth a material amount to Vringo, which will require an 8-K just like the ZTE settlement did. All IMHO of course, but I have done tons of DD on this topic and most of it can be found on my blog. Here is some info:

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The expectation is that DirecTV ad revenues will increase to $750 million by 2016, from $550 million at the end of this year.

Link: http://www.mediapost.com/publications/article/215476/directv-credits-addressable-ads-with-future-ad-gro.html
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The addressable ads project launched in late 2012, and in its first year the initiative exceeded its revenue goal by 50%. DirecTV says its addressable ads business is now growing exponentially.

Link: http://www.computerworld.com/article/2977557/data-analytics/directv.html
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DIRECTV Fourth Quarter Revenue Growth of 4% Drives Full Year Revenues Up 5% to $33.3 billion.

Link: http://investor.directv.com/press-releases/press-release-details/2015/DIRECTV-Announces-Fourth-Quarter-and-Full-Year-2014-Results/default.aspx
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Advertising sales for the largest U.S. satellite TV provider grew at a double-digit pace in Q4, capping a year in which DirecTV introduced household-addressable and geographically targeted advertising and added to its portfolio of interactive-advertising products. CFO Patrick Doyle shared the growth data during DirecTV’s 2013 Q4 earnings call this month.

Link: http://zonewire.net/telescope/page/directv-says-ad-sales-rose-sharply-in-q4
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Complaint filed in SDNY against direcTV

Link: https://vrng24.files.wordpress.com/2015/04/sdny-dtv-doc-1-20oct2015.pdf

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Info on both QS patents (which by the way include web based targeting ads)

'626 patent link: https://vrng24.files.wordpress.com/2015/04/sdny-dtv-doc-1-1-exhibit-a-20oct2015.pdf

'228 patent link:

https://vrng24.files.wordpress.com/2015/04/sdny-dtv-doc-1-2-exhibit-b-20oct2015.pdf

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