Yesterday morning I mentioned the filings from Vringo relative to seeking an extra month of past damages, Becker's damages calulation declaration and so on. The calculations that Vringo is asking the court to confirm are the same ones that the court would need to confirm AND change from Google's past damage calculation by the jury. I get that people want to focus on the future and the future here is very bright but I don't want people to think for a second that Vringo is simply going to let that money get away. I have spoken with more than one attorney that does this specific work for a living. The idea that Judge Jackson will not correct this mistake is in their opinion laughable. He may be hoping that he won't have to correct this mistake (settlement or some other satisfactory conclusion to the case) but I'm thinking it is likely that he will. Also, Vringo wants a final ruling here that sets precedent (federal jury verdict) as it turns to the many other infringers that it is likely to pursue. A settlement with no ruling is not what Vringo is playing for.
I continue to believe we will have a resolution this week (perhaps not a full one but at the very least a bifurcated one) that takes any uncertainty out of the Vringo value equation. My personal opinion on the weight of the facts that we know post trial is that this company is severely undervalued. For those that think a mistrial is a possibility that is also highly unlikely according to my sources. Should the Judge decide to declare a mistrial he is likely only to retry the damages question which I have also been told favors Vringo since no new evidence is likely to be allowed and a new jury could choose the high end of Becker's scale of 40% instead of 20.9% (and there is nothing lower than 20.9% in the record) which of course would not moving in the right direction for Google. Should that specter arrive look for Google to settle post haste if in fact those discussions are not ongoing now.
Everyone keeps hammering the Jury for making a mistake and the Judge must rectify it. Has it even occurred to any of you that maybe, Just Maybe the jury didn't make a mistake. That the mathematics doesn't work by just moving a Decimal point and they may have agreed on a number of $30 Million after they mathematically did everyone except Google and then just plugged in the number that fit for Google knowing full well that The Future moneys would be $550 to 700 Million and that was enough of a settlement?? Listen I have 46,950 Shares of VRNG, do you understand that, Almost 47 Thousand Shares. Do you all understand that it is likely that the Laches Ruling will hold because there was an Unreasonable Delay in filing the suit. Are you all rooting for a Mis-trial? It could happen over that Mathematics issue. Let sleeping dogs be.
Let us Hope that the Delay in the Final Ruling is because the Judge is giving the two parties a Final Chance at a Negotiated Settlement and if it Fails He will come down Heavily on Google because at this time they have been judged Guilt and he can do whatever he wants - 5%, 7% ???.
Ed......do you have any idea how much longer this will drag on???? It seems like forever for this judge to make his final decisions known. Any sense from talking to any attorneys?
Edward.... EDVA goes into detail when explaining his opinions whereas you post 2-3 sentence non sense so the community can dismiss you as irrelevant POS.
H_grant_H I have a question for you though. I have read through your posts and you have made some good points. However, what is to lead you to believe that the negative possible outcomes are more likely than the positive outcome possibilities? Appeals are rarely granted if GOOG even chooses to do so due to the repercussions it could lead to. I understand it is but pocket change to GOOG, but why are you so confident that GOOG will 1) Appeal 2) avoid opening the door for injunction and more damages? The general consensus from everyone under the sun besides Ravicher is that VRNG is more likely to win all these outcomes if presented.
So I ask.... why do you choose the dark side?
its not a post trial update. Its an earnings call. On November 13th vringo will have a conf call about earrings like every company does at the end of a quarter. We already know that the company will get $500 million from google and yet the stock does nothing with that information. Stop spreading mis information. A catalyst for this stock would be that the company is getting 1 billion. But we already know google is on the hook for $500 million and that hasn't moved the stock.