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
- Move Over Greece, It's Italy's Turn - George Friedman Sounds the Alarm on European Banking Crisis | Financial Sense
- What Energy Bankers Are Really Saying: "We Are Looking To Save Ourselves Now" | ZeroHedge
- Amid Low Oil Prices, OPEC's Divisions Deepen | Financial Sense
- Socialism & The Battle Of Ideas | ZeroHedge
- Apple Analysis (Video) | ZeroHedge
- America's Corrupt Media – How Reporters Took Direct Orders From Hillary's Staff | ZeroHedge
- Supreme Court Justice Antonin Scalia Found Dead At West Texas Ranch | ZeroHedge
The most relevant financial news and articles from the Internets
- How old 17 self-made billionaires were when they made their... | Business Insider
- 'Not an ogre': A former clerk told us what it was... | Business Insider
- Researchers confirm that woman programmers have it tougher than men | Business Insider
- The pope is visiting ground zero of a humanitarian crisis in Mexico | Business Insider
- 'PROJECT PANIC': Pro-EU campaigners' secret... | Business Insider
- Pope Francis just visited one of Mexico's poorest,... | Business Insider
- Bernie Sanders' biggest promise about mass... | Business Insider