Vringo is up 75 percent in the last 5 days
Yes, Santa has come early for Vringo Shareholders.
Vringo shares are up so much because the judge overseeing the company's legal battle with Google denied Google's request for a summary judgment yesterday.
This means, either the Patent lawsuit goes to Trial on October 15th, or Google settles before then. Mastery thinks it's going to be the latter.
The potential damages are in the high hundreds of millions to low billions (documents suggest $700MM but this assumes no penalty for willful infringement, which could triple damages).
Mastery Bottom Line:
Pure speculation play here with VRNG, proceed with caution. If they get a good settlement, shares could double or triple from here. If not, shares are going very low.
However, back in August VRNG also snatched up a bundle of 500 patents and applications from the Finnish phone maker Nokia, including 109 issued US Patents. These may prove to be a boon for VRNG as well.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Greece’s Fight Against “Fiscal Waterboarding” Will Halt Economic Recovery | Financial Sense
- Fly Sell: $X | iBankCoin.com
- One Of These Things Is Not Like The Other | ZeroHedge
- Dollar Is Wandering Off Track | Financial Sense
- In Denmark You Are Now Paid To Take Out A Mortgage | ZeroHedge
- ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece | ZeroHedge
- Blood (and Snow) on the Street | Financial Sense
The most relevant financial news and articles from the Internets
- Ukraine peace talks end without agreement: Kiev envoy | Business Insider
- A California bank's decision could have huge... | Business Insider
- A Tokyo real estate company is selling apartments with stripper poles to encourage... | Business Insider
- How to remember people's names | Business Insider
- A case for Apple's giant iPad might have just leaked (AAPL) | Business Insider
- Ocean City, Md.: America's Most Affordable Fun City | BusinessWeek
- Laird leads by two at Phoenix Open | Business Insider