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[steeledge]

SPEX - big investor/patent news this AM; should be a big day...and with only 650k float, who knows what might happen

http://finance.yahoo.com/news/spherix-partner-world-famous-rockstar-100000463.html

TYSONS CORNER, VA--(Marketwired - Jul 17, 2013) - Spherix Incorporated (NASDAQ: SPEX) -- an intellectual property development company, today announced it has entered into a definitive agreement with Rockstar Consortium, the owner of the world famous Nortel Networks patent portfolio of over 4,000 patents, to acquire a suite of patents.

Through the Rockstar Consortium transaction, Spherix will substantially increase its intellectual property portfolio and be positioned to enhance its opportunities for revenue generation through the monetization of these assets.

"We are very excited to partner with Rockstar. Spherix's acquisition is even more significant because in addition to this suite of patents Rockstar has agreed to become a shareholder of Spherix." said Harvey Kesner, Spherix CEO. Mr. Kesner continued, "We expect to bring our first action against known infringers within 30-60 days." The terms of the transaction were not disclosed.