I like these parts:
"VirnetX was trading at $2 a share before the Microsoft settlement, and is now trading between $30-$40 per share after the Microsoft, Astra, and Mitel settlements. The share price has appreciated by a factor of 15 to 20, in line with our value multiplier of 15."
"If Vringo prevails over Google, and receives $710 million, Vringo should net about $568 million (Vringo stated it would keep 80% of any settlement fees as pure profit.) With a value multiplier of 5, that would give Vringo a market cap of $2.84 billion (multiply $568 million times 5). With a market cap of $2.84 billion, using a total diluted share count of 81.5 million, the Vringo share price would be $34.8."
"To be conservative, my analysis does not include the assumption of willful infringement, however if willful infringement is proven, the settlement figures could be larger than what I've projected. More importantly, willful infringement makes a jury's decision to rule against Google, almost inevitable."
Thanks for sharing!!!