On the losing side, Google's defense against mobile software designer Vringo (VRNG) did not hold up in court last Tuesday. Google's loss validated Vringo's ownership of two Internet search filtering patents, and awarded Vringo damages of $32 million from Google and past defendants including AOL (AOL), Target (TGT), and IAC/Interactive (IACI).
This ruling, however, could actually end up costing Google much, much more.
As originally pointed out by EXPstocktrader via Seeking Alpha, depending on the growth of these defendants over the next five years, total royalties collected by Vringo could be in the $500 million to $600 million range.
Future suits might be in store for Vringo, reports Paul Quintaro for Bezinga. The most likely defendants? Microsoft (MSFT) and Yahoo (YHOO) both infringe on Vringo's property with very similar patents.