(VRNG) Vringo, Inc Defeats (GOOG) Google Inc in patent case valued over 600 million dollars + a minimum 3.5% royalty rate from Google revenue. They are in final judgement phase and the case will be complete this week. The royalty rate may go higher as high as 10% or 1.2 billion in damages or more going to (VRNG)
(VRNG) has another case coming up against ZTE Corporation. ZTE is the 4th largest maker of LTE and cell phone equipment in the world. This case is also valued at over 500+ million dollars.
(VRNG) has already tested a 52 week high of $5.73 before final judgement or verdict! Company has also raised funds months back at $4.38 cents a share. They raised about 50 million dollars. This gave their balance sheet the much needed cash it needed.
With these large judgements coming up, (VRNG) is a buy and hold. If you hold this stock until the end of 2013 you can sell around $25.00 a share giving you a 500% gain!
Vringo, Inc. (VRNG) -NYSE MKT
3.39 0.11(3.14%) Nov 9, 4:00PM EST|After Hours : 3.40 0.01 (0.29%) Nov 9, 7:59PM EST
Apple and Microsoft are bidding to buy (VRNG) Royalty rates have been upgraded to 7% giving (VRNG) over 1 billion dollars! ZTE news and case also pending, verdict is now 500+ million and 7% royalty rate on ZTE!