![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 07, 2012 8:23:52 AM
Fox Business August 7, 2012
Google isn’t the only big name that Vringo, Inc. (VRNG:NASDAQ) is claiming infringed upon their patents, add AOL (AOL), Gannett (GCI), Target (TGT), and IAC (IACI) to the list; meaning any kind of court victory or settlement could send the company’s share price through the roof. Share price could jump past the $30.00 mark if the impending patent infringement suit falls in favor of VRNG. VRNG has claimed that over the last six years the company has generated $67 billion while using their patents related to how search and advertisement results are sorted. It is VRNG’s belief that they are entitled to damages on not only the $67 billion but on Google’s future earnings as well, at least for the next four years. If VRNG can prove that Google willfully infringed on their patents then the figure could be in the billions.
There is also the possibility that Google will simply try to buy VRNG or a company like Yahoo or Microsoft might step in and try to purchase VRNG. This belief has gained support as more and more people believe they could be the target of a future suit if a victory over Google is secured. Of course if Yahoo or Microsoft did purchase VRNG it wouldn’t be the end of Google’s problems. If a settlement is reached prior to trial, as most cases are, VRNG still has a number of companies on their radar and a settlement with Google could lead to a quick settlement with the others. Without question VRNG appears to be in a good position.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM