After a good run from $4 to $4.9, the stock has corrected substantially. Now it is 11% below the 52 week high made earlier this month. Though the volumes have not been very high during the fall, the stock is looking weak. The swings in the stock depend directly on the news related to the lawsuit against Qualcomm. There have been a few articles which have not been very positive about the possibilities. The potential upside is tremendous as the management expects the benefits to be in hundreds of millions, but no one can be sure about that as of now. More clarity will emerge after the trial starts. However, unless there is something negative before the start, the stock is likely to remain rangebound. During the last correction, it had found support around $4. As per one of the articles on SA, Parkervision has alleged that around 71 Qualcomm products are infringing approximately 86 claims from six of its patents. The author had stated that this wide net increases the possibility of success. The Markman hearing had gone very much in its favor, which was one major reason for optimism. Other recent articles have cast some doubts about the chances, or the possible magnitude of success. While this debate continues, the risk of dependence on the outcome of one lawsuit is apparent. The fortunes can change pretty quickly. Companies like Spherix (SPEX) have recently diversified, and acquired numerous patents in a wide range of fields to pursue monetizing opportunities. Furthermore, many companies have chosen to pursue different options for monetization. The Parkervision stock has rewarded the investors with great returns over the last few months. It has tripled from the 52 week low made a few months ago. The future, however, remains heavily dependent on the news flow related to the trial, and it will be good to remain a bit cautious.
But one of the consequences of the extremely favorable Markman rulings you mentioned is that the broader scope imparted to the patents by those rulings now encompasses, according to Qualcomm, at least six pre-existing architectures which invalidate the patents - one of which, regrettably, ParkerVision's technical expert has testified is an energy-sampling architecture.
How do you anticipate ParkerVision will overcome this problem?
Just curious...do you make this stuff up on your own or are you given talking points each week? I must admit you are very creative and you must be in high demand by hedge funds. Good luck with trying to spin Qualcomm's loss in court, it is less than 3 months away.