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Marathon Patent Group, Inc. Message Board

  • investora2z investora2z Apr 26, 2013 2:30 AM Flag

    CyberFone acquisition is an important step

    The recent acquisition of CyberFhone Systems and its patent portfolio by Marathon is likely to give the company a steady stream of revenues. The patents cover claims that provide the right to practice specific transactional data processing, telecommunications, network and database inventions, including financial transactions. CyberFone has already generated a revenue of $15.5 million in the last 18 months from the patents. During this period the portfolio has generated 32 settlements and license agreements. The violations are being taken up, and enforced against 16 companies, like Federal Express, Mitsubishi, Toshiba, Nintendo, ZTE, Siemens, Alcatel-Lucent and UPS. As per Marathon, the patents cover inventions that are particularly in use in the mobile internet environment. The company is working with IPNav to identify other industries and potential licensees for enforcements related to the CyberFone portfolio. In addition, the company is seeking to dispose its remaining uranium exploration assets. It is also expected to get a huge consulting contract (the other part of its business) which will give a boost to its revenue earning potential. Thus, in addition to the potential of the patent infringement lawsuits, like the one filed by its subsidiary Sampo IP LLC against Sony, Dell, Seimens etc, Marathon will now have a more stable business due to the stream of revenues. This will reduce the business risk, and lead to a stronger balance sheet in the long run. The stock is expected to react positively to these developments. The $0.40 is the key resistance and needs to be crossed before the next leg of the uptrend can resume. After that, $0.80 will be the next level to watch. The next trigger will be the Markman hearing of the infringement lawsuit in October. Usually, stocks of plaintiff companies show tremendous moves in the run up to the hearing. This is because if the hearing goes well, the potential of success in the lawsuit increases. MARA is expected to remain act

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