Practically what it means is last weeks' hopes for a settlement linked to agreement will have passed... puts the target back on process and judge... diminished confidence in settlement. At this point, seriously, what more does GOOG need to know? One must ask what other unforeseen shadows might be lingering... what cards haven't been played?
My guess is GOOG's reply will ignite a minor sell off / buying opportunity because of turn to speculation... likely basing in low $3's, possible high $2's... to rebound quickly with sights fixed on new pole of expectation: VRNG's reply and judge's "final" determination. Timeline extended a couple weeks.
In all this, definite increase in institutional investment. ZTE gaining traction. In my opinion, very good risk/reward ratio. I do hope to pick up some more high $2's / low $3's if it happens.