It is my understanding that 3.5% RR comes from what a licensing agreement between two parties for technology that is critical (to Google in this case). A higher royalty rate would then represent a penalty for fighting the lawsuit and even higher than that is due to wilful infringement. IMO, we should see at least 4%. HJJ did put the screws to Verizon post guilty verdict, let's hope he does the same.
It looks like shorts were out doing damage control today. Finra data had 2 million of today's volume shares short. I could not see why anyone long would want to cash out here since JMOL is thrown out the window. The 200 dma looks like the whack-the-mole price for shorts. My question; how much downside do they expect to capture here with JMOL out of the equation? The only thing I can think of is a) they are stuck in their positions and/or b) they hope HJJ says the Vringo portion is 2.09%. I can't imaging HJJ sticking with the jury (error) because there is no evidence presented at trial to base that number.
One interesting thing will be April 24th's short interest report for Vringo as of April 15th. I think it could show a large increase if the shorts managed to pin Vringo at or below $3.50 to frustrate longs.
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