ok vrnggoingtovegas, I'll bite. Very interesting headline. I will be watching the pre-market for your 25K shares. As crazy as this entire process has been and continues to be you at least provide a little intrigue in what has otherwise been one of the most yawn inducing farces I have ever been witness to. Vringo will get paid and now is a pretty good time to get off the sidelines but they have had their pound of flesh extracted...or at least their shareholders have. Lets hope the MSFT case gets resolved amicably and that ZTE doesn't turn into a train wreck.
thanks randog...now is definitely not the time to be getting out! We bought yesterday and are buying more today.
You are correct boxprinter. The only people who are selling are those who don't know what is going on and can't wait a little while longer for a very big payday.
MSFT is no doubt speeding up their efforts. Most of this stuff is obligatory show. Vringo would not have given MSFT 60 days without discussing a dollar range. They have learned too many painful lessons already. Therefore, it is in Google's interest to end this before Microsoft owns their IP. They have to keep up the front until they have a deal however. Just like Vringo filing an appeal yesterday.
I think the judge in his order sort of made it clear he would rule after VRNG replies to Google's last plea for mercy on RR. So I would expect this by the end of the month or very early in May. Since I get hammered on these things I will explicitly say that is an educated guess on timing.
Thanks Shadow-there was so much nonsense over here it wasn't like the VRNG board i knew anymore. Maybe these rulings will bring back the serious investors and those who want to comment on facts. In any case this is a very big day for VRNG, well deserved and too long coming. I have a feeling JJ is going to give them at least 5% now. The shenanigans before and during the trial by Google will weigh in Jackson's decision.
JMOL was the only thing left for the Judge that could break VRNG's back. Look for at least $500M to be added to Google's tab but more than that settlements can proceed in earnest. To the people that have waited the worst is now behind you. Now it is just a matter of how much Google will pay. Gotta love it!
Smart-may well break .50 today-we'll see. Regardless, going much higher in the near future so you will be a happy camper.
WDDD is making another big move this morning on explosive volume. I am aware that this is the "VRNG" board but to the extent that there is anything going on over here except mostly garbage posting I am again advising you to put some money to work in Worlds. The next leg up is likely to take WDDD over .70. Let me remind you that I mentioned this to ya'll at .21. For a detailed account of the most recent financing and what it means in the scheme of the Worlds investment go to Seeking Alpha and view my latest instablog on the subject. You will have a sense of where this is likely headed before the Markman on June 27th. If there is one investor over here who can benefit from this I am happy to take the heat I will no doubt get from the goon squad. Thanks.
Sentiment: Strong Buy
We will be in through the Markman Hearing and longer depending upon the results. VRNG won't be comatose for much longer but I get the frustration there believe me.
What matters is the ruling fake randog...if you want to get hung up on timing knock yourself out. I also laid a caveat out there by saying JJ of course can rule anytime he wants to. For the record I assumed the Judge would take the rulings piecemeal which it looks as though he has decided not to do otherwise we would have seen a ruling by now. I'm assuming your posts will stop after Google gets one final punch to the head by Judge Jackson, no?
There has been a lot of talk about what the additional patents mean. They are not patents that will affect the case as currently filed. WDDD can file a new (but related) case including additional patents granted since the original filing of the suit. In my opinion the reason to do this is not only to buttress the current suit but to expand the litigation against Activision. Activision is the ten ton gorilla in the MMO space so they intend to bring absolutely everything to bear against them-that much is becoming crystal clear. In this respect were they to get a settlement or a jury verdict future defendants would fall quickly. For the record my group has now purchased well into the seven figures in terms of shares and growing. I am studying two other cases as of this writing but the more research I do on Mr. Kidrin and his patents the more I like the position.
Sentiment: Strong Buy
Me too Jason. Still hoping for today but once again this Judge seems to move in mysterious ways. He has had plenty of time to consider JMOL (in fact he should have been reasonably certain of his position before even the final briefs) as well as whether to fix the damages fiasco or order a one day trial. I also thought the revelation that Google withheld the Odetics file from VRNG after the initial laches ruling would have prompted him to step up and end this charade. The motto of this court is "justice delayed is justice denied." He has made a laughingstock of that in my opinion already. VRNG has taken it on the chin since November 6th, 2012. Ever since then this has been a train wreck. Just angry about it at this point.
No way Judge says 3.5% of 2%. 2% was never presented at trial which is why Google's attempt to take advantage of the math mistake to come up with their own apportionment was so farcical. The jury filled out a 3.5% figure under rr on the verdict form. There was no statement of what that was applied to but the only evidence entered at trial was 20.9%. Hope that helps.
You got it! We are all a little on edge about this but remember that for the judge to rule against us he would have to overrule a jury verdict in his own courtroom (and I can tell you that doesn't look good) and find that another jury would not have come to the conclusions this jury did based on the weight of the evidence. I am truly distressed this guy is taking this long but that doesn't mean he won't get it right. Thanks tmoles (you too powers)-much appreciated.