SEEKING ALPHA " SELL GOOG, VRNG GOING TO WIN CASE" LINK
Seeking Alpha " Dump Google Now" 11/5/12
Let's look at the Vringo (VRNG) patent lawsuit. Normally lawsuits don't phase me, because its part and parcel of the litigious society and culture we live in. This lawsuit is different, because it affects Google's main profit center; its search engine business. The judge has ruled that "Vringo can't collect damages from Google for the six years preceding the filing." The judge also "shot down a Vringo request to refrain from making a final ruling on the matter until Vringo presented a rebuttal witness." What this means is that Google will most likely be making a payment to Vringo for future use of its patents. How much? I have no idea, but that will affect its search revenues. Google's senior management took a risk and went to trial and limited its past damages, but not its future revenues as far as this law suit.