COIN-VRNG...Information...
COIN owns 400+ thousand shares + 180+ thousand options of VRNG
INFO...from another board.
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.
