Your question demonstrates your failure to do your DD, do you even know how to research? How do software companies make money? Licensing. They own the patents which they can License to companies for a price which is done per contract basis. These companies range from small corporate companies to enterprise accounts which are over 5000 seats. In addition, there are strategic partnerships such as the partnership with Virginia Tech which will give Vringo, Inc. the foot in the door to obtain many government contracts; starting in Q1 2013. I work for a large software company that resells and distributes many of the services like Vringo provide. So before you try to spark doubt on investors, know you can't cause doubt on me buddy, because any drop in the share price and I will gladly scoop of those shares.
Sentiment: Strong Buy
Basically there are 2 types of companies: with and without a product. You cannot value both using same metrics or methodology. If you posses a bit of investing skills, you wouldnt write these kind of posts.
Does that exonerate GOOG from willfully infringing on intellectual property owned by others and refusing to pay a license fee unless forced? Too big to play on the level playing field. Google will pay and the longer they delay gives MSFT and VRNG a chance to take more cake.