VRNG just announced that the court case in New Delhi India against ZTE is postponed until July 8, and the Judgment against ZTE in Australia has been delayed until July 14. What does this mean?
Just an interpretation - INTERNATIONAL WORLDWIDE AGREEMENT IN VRNG'S FAVOR. ZTE has been studying the global IP/patent landscape since 1996. It came into the game later, and technology was already "owned" primarily by the US and Europe. Initially Europe raked ZTE over the legal coals! ZTE has learned to negotiate to "win-win" outcomes (paying $Billions). It turns out China has an IP Magazine that wrote an extensive article on how ZTE handles global IP including an interview w/ZTE IP Mgr. Feng Yanmin who stated, "...peace is built on the base of strength... WE USUALLY MAKE CROSS LICENSES WITH FOREIGN COUNTRIES, thereby we save a lot of money...hopefully, we can reach an ideal result where the parties have the ability to hold each other up.”
I strongly believe the "delays" you are seeing are due to the negotiations of cross licensing agreements. Because they are experienced (and fair in terms of paying) in such arrangements, I believe this will all come to closure sooner rather than later, ad VRNG will be paid the $$$,$$$,$$$s entitled to it.
Sentiment: Strong Buy