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Parkervision Inc. Message Board

  • overbrook10 overbrook10 Nov 27, 2012 2:28 PM Flag

    Markman Ruling Soon?

    It is interesting to see what Judge Dalton is doing in this case at this time. Right now, it seems that everyone is awaiting the Markman ruling - which may well be 80% of the case. The Markman hearing was on August 6, 2012, and the judge retained the technical expert on September 10, 2012, so there has been an adequate amount of time for him to make his decision.
    With the last Order of the Magistrate (Dkt. 186) and Judge Dalton's Order dismissing Q's claims against Sterne (Dkt. 197), it seems like Judge Dalton is cleaning up the docket in anticipation of the Markman ruling.The only oustanding motions that need to be decided are discovery motions and Q's motion regarding PV's indirect infringement claims. The still-pending motions could well be mooted by the Markman ruling.
    One way or the other, the judge is going to have to do something by November 30, 2012. The discovery end date is November 30 - and the judge can't just let the parties hang in the air after that date without some direction. At the very least he will have to enter an Order extending discovery. OR- he may render his Markman ruling with additional Orders regarding outstanding discovery, extension of dates in the Case Management Order, etc.
    Regardless of when it happens, I fully expect a Markman ruling in PV's favor - and a huge run-up in the stock - especially given the huge short interest. Easily $10-$20 per share - although it could jump higher depending upon the extent of the short squeeze. Difficult to fully value this stock, though. I wish some of the discovery on the damages issue was public.

    Sentiment: Strong Buy

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    • "Easily $10-$20 per share - although it could jump higher depending upon the extent of the short squeeze"

      Sure.... easy peezy lemon squeezy. I'm sure the market cap will run right up to between $830 million to $1.7 Billion.

      LOL. Puff puff pass.

      Sentiment: Strong Sell

      • 2 Replies to bonkthegrups
      • I think overbrooks estimate is a little optimistic but the company did reach the $800MM mkt cap level back in 2000 or 2001. That said, I went back and looked at the dilution and it would be my guess that "anything positive" from this could inflate the mkt cap above $700MM eventually. My most optimistic "guess" is $9/share. This however goes with a simple disclaimer. "everything we know does not matter at this point. The "strange" case of PRKR continues.

        Sentiment: Hold

      • OK - let's see - back of the envelope calculation that maybe a jury will do. Offer of $678 million in 1999. In 2012 dollars that's roughly $1 billion. Treble that for intentional infringement = $3 billion. Current market cap =about $160 million. $18.75 per share at $3 billion market cap (if my math is right)

        What we don't know is how much money Q actually made from chips that contain PV's designs - something that McKool is now in the process of extracting from Q. The numbers could be much higher. Plus, if the designs are in current products, there is the issue of a stream of royalties going forward. And remember, if PV wins this one - this is only the first lawsuit. Who else is using PV's designs?

        The person who recommended this stock to me said that it could hit $100 per share. I thought he was crazy then. Now? I don't know. He has been right about everything he predicted. This could be the investment of a lifetime (The lawsuit-not the company).

        And BTW, Q has just about shot its credibility with Judge Dalton.

        Sentiment: Strong Buy

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