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  • will.jipson will.jipson Dec 26, 2013 2:26 PM Flag


    Update: DSS (only 46 million outstanding shares) filed patent-infringement lawsuit against AAPL in November

    DSS owns several Bascom Patents that are believed to be the foundation/cornerstone of social networks as we know them now.

    - DSS filed in 2012 patent-infringement lawsuits against several companies including Facebook and LinkedIn.

    - Three companies have already settled with DSS. Broadvision and Jive Software will pay 4% to 5% royalties to DSS for the use of the Bascom patents.

    - Using 2012 Facebook revenues of $5.1 billion 4% and 5% royalty rates fro DSS would amount to about $204 million and $254 million respectively. From public information 60% goes to DSS and the rest to the inventor/lawyer. AAPL revenues will grow double-digits every year

    - DSS contends that Facebook & LinkedIn should pay from years they've used the technology until the patents expire in 2022.

    - The U.S. District Court for the Northern District of California has set the Markman hearing date for February 26, 2014 for DSS, Inc. v. Facebook, Inc., and LinkedIn, Corp

    - Kramer Levin, the lawfirm representing DSS against Facebook and LinkeIn and others was named the 2014 Benchmark Litigation Top Tier of New York Litigation Firm (11/12/2013). Kramer Levin works on a contingency basis.

    - DSS has a fast growing core business consisting of cloud-based and conventional high-technology suite of products for document securtity and counterfeiting.

    DSS owns a patent portfolio of six patents and four pending patent applications relating to technology invented by Thomas Bascom (the "Bascom Patents" - valid through 2022). DSS asserts that the Bascom Patents form the underlying architecture for the explosion of social networks by enabling users to link, search and provide selective access to information. These features are basic and fundamental for the frameworks that operates Facebook (FB), LinkedIn (LNKD),

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