Replies to post #22978 on NeoMedia Technologies, Inc (NEOM)

[Personalizit]

But Cornell has given them plenty of money and promised more for the future.
'Nuf said.

[mcgrawsdad]

Exactly Lupetto...if Virgin really wanted to, they could hold this thing up in court for years, and force NEOM to get lean or to bring in revenue elsewhere to fight the suit. Obviously, if Virgin believes the technology is worthwhile, they would rather bring it into the market/continue to use it and actually produce revenues instead of expenses through litigation. Unfortunately, the scenario above occurs with small companies (with big ideas and intellectual property) all the time. However, usually that life cycle is much earlier on in the game. NEOM is about 10 years along in its life cycle, and the product and timing is much to close to takeoff for Virgin to risk losing the market opportunity by a prolonged court battle.

JMO..

My intuition, which is 98% of the time correct, tells me that Virgin will settle, and a deal will be announced prior to the 14th. Last month's status hearing was probably the last time NEOM's attorneys have to go into a court room representing NEOM for quite awhile. After the Virgin settlement, the other parties will line up to get on board the NEOM patent wagon.

[Pimpdastox]

Lupetto...i was under the impression that the Law firm defending the patents for Neom was on contingency?? Is that a fact or fiction, if so, they can litigate for quite awhile, also why would a prestigious law firm like that take on work on contingency if they didn't have a slam dunk patents to defend?