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VirnetX Holding Corp Message Board

  • willie7 willie7 Jan 3, 2013 10:47 AM Flag

    So whats ahead for Virnetx in the coming weeks and months

    After Virnetx hammered Apple in court and won a $368 million judgement the judge ordered a post trial hearing on dec 20th. At the post trial hearing HJD ordered Apple to submit its sales data for the newly released Iphone 5 and the mini Ipad since those were not included in the original complaint. The assumption, and with good reason was that Judge Davis wants to add additional penalties to the $368 million for the products that were not included but have infringed .That is speculation but why else would HJD ask for sales data. This sales data is due by Jan15th and another hearing is set for Jan 20th. Cisco is set to go to trial on March 3rd. Backtracting , to the Nov Apple trial ,Cisco's lead attorney was asked by Apple to present part of the case to the jury. Cisco's presentation was a joke and he did even worse then Apples attorneys.and lost on all his points. I bring that up to say why would Cisco go to trial knowing they will get crushed and face treble damages and could lose a $billion dollars or more. Will Cisco settle after HJD comes back with his Apple ruling,will HJD come back with his ruling in Feb so Cisco can see how bad it will be for them if they continue and go to court. My guess is yes to the above buts its also speculation.Between now and the end of Feb anything can happen and we can bet something WILL happen. Its borrowed time for the defendants. . Lots of money and credibility at stake here. Also remember that 4Glte Advanced is very close to release,especially in Europe and does Apple or anyone want to be in litigation while the others take a license from Virnetx and move forward. Dont you think Samsung would love for Apple to be stuck in a legal battle while they continue to move forward and out pace Apple with their products.Samsung already has a leg up on Apple and if Apple continues this losing battle Apple could pay dearly. Settlements and licensing are going to add much value to Virnetx and its pps could start to approach that which was mentioned in Floyds white paper. Much of the above is fact and some JMO.

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