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Vringo, Inc. Message Board

  • lcaji lcaji Jan 29, 2014 1:14 PM Flag

    This news was posted at 13:03 on Thinkorswim TD ameritrade

    Entrepreneur/Investor James Altucher, who has been bullish on the stock for nearly two years, is predicting a
    When Benzinga spoke with James Altucher Wednesday morning regarding Tuesday's ruling, Altucher said,"Everything has happened exactly as I originally predicted and I'm a holder until at least $20 ."
    This week, Google (NASDAQ: GOOG) has suffered a major defeat in the courtroom when Vringo (NASDAQ: VRNG) announced a US District Order of a post-judgement royalty rate of 6.5 percent against Google for continued and willful patent infringement.
    The order related to its fully-owned subsidiary I/P engine, Inc, litigation against AOL, Google et al. for infringement of patents through their Adwords system.
    This is a major victory for the company as it was only seeking a total of $700 million in damages from all the defendants collectively. Now that Google is expected to pay more than that amount, it is not surprising the issue has catapulted another 29 percent so far in Tuesday's trading, rising from $3.97 to $5.10 .
    Vringo was originally awarded approximately $30 million at a trial in 2012, and was also seeking ongoing royalties which the court has now awarded. Google will likely contest the royalty calculation, which could be Entrepreneur/Investor James Altucher, who has been bullish on the stock for nearly two years, is predicting a much higher price than $6.50 .
    When Benzinga spoke with James Altucher Wednesday morning regarding Tuesday's ruling, Altucher said,"Everything has happened exactly as I originally predicted and I'm a holder until at least $20 ."
    This week, Google (NASDAQ: GOOG) has suffered a major defeat in the courtroom when Vringo (NASDAQ: VRNG) announced a US District Order of a post-judgement royalty rate of 6.5 percent against Google for continued and willful patent infringement.
    The order related to its fully-owned subsidiary I/P engine, Inc, litigation against AOL, Google et al. for infringement of pat

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