My earlier post apparently didn't make the grade because of a link to the 3LP website. Another try:
I hope everyone knows who he is:
"Kevin Rivette, Managing Partner
Kevin is a founder and partner of the Palo Alto office of 3LP Advisors. He is the former Chairman of the USPTO oversight committee. Prior to 3LP, he was the Vice President of IP Strategy for IBM, and was a Senior Advisor to The Boston Consulting Group on IP strategy. He is also the author of Rembrandts in the Attic, a widely read and foundational work on Patent Strategy, and the founder and CEO of Aurigen Systems, an IP analytics firm. In 2008, Kevin was named to the IP Hall of Fame by Intellectual Asset Management, and in 2009 was named one of "The World's Leading IP Strategists." He is a registered patent attorney. Kevin serves on the Board of Directors at Tessera Technologies, Inc. (Nasdaq: TSRA)."
"It is truly rare when an innovative technology like ParkerVision's energy sampling has been so strongly protected by such carefully written and comprehensively developed patents," said 3LP co-founder and Managing Partner, Kevin Rivette. "We believe that ParkerVision's unique approach to the down-conversion of radio frequency signals to baseband signals has made possible many of the latest generations of products, including smartphones, tablets, Bluetooth, satellite, Wi-Fi and GPS. We are excited to be working with ParkerVision on such pioneering innovations and their associated patent portfolio."
The question is - why did PV retain this firm? The second question is - why is the market's reaction to this announcement such a big yawn- I mean 58,000 shares traded by 11:28 a.m.? Sorta disappointing if you ask me. What gives here?
PRKR retained him because they have no revenue to speak of and they needed something to talk about on the conference call. Jeff is really stretching to keep what in my opinion is nothing more than a con going. This trick of hiring someone reputable to seem reputable yourself has been played over and over by many people. Jeff is an expert at this move as his hiring of Wilson Sonsini showed.