See your emotions getting bettr of you again like a novice lol
October 10, 2012 6:02 PM EDT
Vringo (VRNG) Lower on Google Settlement Confusion
Shares of Vringo, Inc. (NASDAQ: VRNG) are lower after-hours Wednesday, which appears to be related to confusion that the CEO said there was "no settlement" with Google (NASDAQ: GOOG). However, it appears that these are old comments and taken out of context. The Reuters story being quoted doesn't specifically address the latest in the still ongoing Googlesettlement talks, which is the most important catalyst for the stock.
Just yesterday, the court ordered Google to produce more detailed information related to its U.S. revenue and today a new Judge was appointed.
A decision on a settlement is expected soon. However, this is not it.
Shares of VRNG last traded at $4.57, down 2.14 percent.