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Marathon Patent Group, Inc. Message Board

  • investora2z investora2z May 3, 2013 9:26 AM Flag

    Breakout was very strong

    Marathon has moved from $0.30 to $0.47 within 6-7 weeks. Yesterday's volumes were 1.84 million compared with an average of 75,000 for the last three months. This is a huge breakout above the previous resistance of $0.40. The good part is that the move has come based on fundamental news flow over the last few weeks. First it was the acquisition of CyberFone Systems and its patent portfolio which is likely to give it a steady flow of licensing revenue. The patents are for specific transactional data processing, telecommunications, network and database inventions, including financial transactions, and are widely used. CyberFone has already generated a revenue of $15.5 million in the last 18 months from these patents and got 32 settlements and license agreements. Even now, violations are being pursued and enforced against several companies including Federal Express, Mitsubishi, Toshiba, Nintendo, ZTE, Siemens, Alcatel-Lucent and UPS. Second positive news was about Marathon's subsidiary TQP Acquisition Corp, Inc., agreeing to acquire a patent related to foundational data encryption. This revenue generating patent has already lead to more than 90 settlements and licensing agreements and got $39 million in recoveries. The technology is extensively used as "SSL" and is the standard encrypted transmission protocol. Companies like Microsoft, Motorola, IBM, AMD, Intel, Lenovo, Fujitsu, Lucent Technologies, Canon, and Nokia have cited this patent in many of their filings. Marathon has been working with its partner IPNav to identify other industries / potential licensees for enforcements related to these two portfolios. Importantly, the current upmove does not factor the potential of the patent infringement lawsuits filed by Marathon's subsidiary Sampo IP LLC against Sony, Dell etc. Markman hearing for that is due soon and the stock will definitely get stronger as the date approaches. This lawsuit has the backing of astute investors like Hudson Bay Capital. Future looks better.

 
MARA
2.19+0.03(+1.39%)Feb 12 4:00 PMEST