The panic selling by small investors may have slowed.
How do you know that big players won't wait for you to jump in and then drop this like a rock down to 1.10 level in a week or so.
Right now it's all up to the funds and inst. players.
Just my opinion.
I'll give it a month or wait till any further company news points the direction for this company.
Right now I'm with you healthyrisk.
Most guys seem to have opinions about football teams and players even when they have no vested interest.
I view some stocks that I watch and sometimes play, in the same regard.
I like hearing honest unbiased viewpoints.
Yu do read SA articles from writers with no position, don't you?
Talk is cheap but that is what message boards are for.
Got burnt on that one to.
Was same price range and it looked like stock had bottomed when it fell to 1.50 and held there just long enough for big players to unload.
It eventually fell to 1.01 on worries about delisting and cash running out.
The dead cat bounce some are looking for may just be an opportunity for the big players to get out before the big drop.
Vicl had plenty of cash on hand at the time, just like Vtus.
I had to buy ten times my original holding and held on for 6-9 months just to get out without a loss on vicl.
No way I'm playing that game again, unless I'm convinced that this has a future.
Right now it feels like the company has been playing us along while someone got out at yesterdays highs. Hence the big sell off in afternoon.
It won't hurt you.
But has no benefit either.
How can they market a product that is not superior to anything?
Does not seem logical to me.
What would the sharks on Shark Tank do?
Probably! But just as with any bio stock awaiting FDA approval , news comes when you least expect it.
No reason to panic!
I would have to say that mgmt is aware of their position and forward risks which are not currently well defined.
All one can do is try to find other companies that have similar business models and see how they have done.
I'm not sure if vrng's business model is one of primarily software development or one of patent owner with income to be derived from that primarily. Hard to say, but one can look at companies like Tivo or Pdli to see where this could go.
As for vrng getting money from google, you have to wait until this legal dispute is fully resolved by the courts.
It's a slow process that in my opinion could take up to two more years at the most.
But you never know as this could change in an instant.
I'm not sure what mgmt's ultimate goal is but holding this requires allot of patience, and you better realize that there will be volatility associated in holding this.
With the stock selling at this level and the possible reward upon conclusion of any number of disputes the company has, this may be a good entry level position to take.
Google Inc. (GOOG), the company that leads Internet search, has gained a new superlative: top dealmaker.
From buying a digital-thermostat developer to selling a mobile-phone business, Google has executed more deals than any company in the world over the past three years, according to data compiled by Bloomberg through January, up from 13th place in the three years prior. Advertising-firm WPP Plc (WPP) was second, followed by chipmaker Intel Corp. (INTC)
Since taking over as chief executive officer in 2011, co-founder Larry Page has pushed Google beyond Web advertising. He’s used the company’s cash, which totaled $58.7 billion in the latest quarter, to invest in connected devices, business services and mobile applications. The mergers and acquisitions group, led by Don Harrison, has expanded by at least 50 percent in the past two years, a person with knowledge of the unit said. Meanwhile, Google Ventures has become a big startup spender, and a new group called Google Capital backs later-stage companies.
“It is absolutely starting to feel like a deal machine,” said Maha Ibrahim, a partner at venture firm Canaan Partners in Menlo Park, California, which has co-invested with Google Ventures and Google Capital. “Because they have such a diverse base of interests, you see these acquisitions coming out of left field that have very little to do on the surface with the ad business.”
Including acquisitions, investments and the occasional divestiture, the Mountain View, California-based company has been involved with 127 deals in the past three years, more than double the number from January 2008 to 2011, according to the data. While the total value of Google’s deals rose to $17.6 billion, that still trails companies such as General Electric Co. at $19.9 billion and Blackstone Group LP at $62.3 billion, the data show. That includes investments that came from other companies and excludes some venture deals that go undisclosed.
Intel, which also has a venture unit, led the prior three-year period with 104 deals, and fell to third in the most recent stretch with 121 transactions.
Google, whose cash holdings are larger than the economy of Tunisia, has been writing bigger checks, a shift from a few years ago, when deals were usually tied closely to online traffic or ads, and were rarely more than $1 billion.
Google agreed last month to buy digital-thermostat maker Nest Labs Inc. for $3.2 billion, moving further into hardware. To bolster its experiments in robotics, Google acquired Boston Dynamics Inc. in December, adding to several other purchases in the industry last year, and bought DeepMind Technologies Ltd., a London-based artificial intelligence developer, in January.
“Google is willing to take equity bets and cash bets trying to acquire the next new revenue stream,” said Salman Ullah, who led M&A at Google from 2004 to 2007 and is now a partner at Merus Capital in Palo Alto, California. In the past, “there was a reluctance to do super people-intensive deals and that fell by the wayside. The appetite for non-traditional targets has gone up.”
In 2013, the two biggest private financings of U.S. technology companies, not including takeovers, involved cash from Google. Online questionnaire service SurveyMonkey Inc. raised about $444 million in January 2013, with Google Capital taking part, and two months later Google Ventures led a $361.2 million investment in car-booking app Uber Technologies Inc.
Last year, Google’s corporate development team outflanked Facebook Inc. (FB) in acquiring mapping-software provider Waze Inc. for almost $1 billion. Facebook had also been in talks to buy DeepMind when Google swept in, The Information reported.
Harrison, who was Google’s deputy general counsel before taking over the M&A team more than a year ago, said at a Bloomberg conference in June that his group is closing a transaction about every two weeks and has a “pretty active pipeline.” Prior to joining Google’s legal team, Harrison, worked at law firm Wilson Sonsini Goodrich & Rosati.
“They’re very good professional acquirers,” said John Malloy, a partner at BlueRun Ventures and investor in Waze. “They know what they’re doing.”
Former M&A chief Ullah worked with Harrison on Google’s $1 billion investment in AOL in 2005. Ullah said that while he was on the verge of falling asleep in the seemingly never-ending meetings, Harrison just kept going.
“He has unlimited stamina,” Ullah said. “No amount of detail is too much for him.”
Google declined to make Harrison available for comment.
The spending spree is also raising concern that Google has an unfair advantage over smaller competitors because of its cozy relationships and inside knowledge of so many industries, said Marc Rotenberg, executive director of the Electronic Privacy Information Center in Washington. Google controls two-thirds of the U.S. search market and has more than 1 billion users of its YouTube video service.
“Increasingly the question arises -- why isn’t there greater scrutiny of Google’s practices?” Rotenberg said.
Google’s strategy is in contrast to that of Apple Inc., the only Silicon Valley company with more cash on its balance sheet. The iPhone maker has only taken part in 12 deals in the past three years, according to data compiled by Bloomberg, and has been sending cash back to shareholders in the form of dividends and buybacks. Google’s shares have climbed 97 percent over the period, while Apple has advanced 48 percent.
Google agreed last month to sell its Motorola handset business, which it bought for $12.4 billion in 2012, to Lenovo Group Ltd. for $2.91 billion. Google said it was better off focusing on its mobile Android software and retaining key patents valued at $5.5 billion at the time. Google also sold off Motorola’s set-top box business for $2.24 billion last year.
While there is concern that Google is extending its reach too far, the co-founders are keeping with their vision of seeking technology that can solve big problems, according to Patrick Mork, a former marketing director at Google Play, which sells applications and content for Android devices.
“These guys have always been a little idealistic about wanting to use technology to change things on a large scale,” said Mork, who is now an entrepreneur in residence at Signia Venture Partners. “It’s by taking these moonshots.”
Google Capital is the newest unit for later-stage investments. It has at least a half-dozen employees, according to current public profiles on LinkedIn Corp. That includes partner Gene Frantz, who joined last year from TPG Capital, where he worked for more than a decade. David Lawee, Google’s former M&A chief, leads the group.
Last year, Google Capital was part of a $125 million investment in LendingClub Corp., an online peer-to-peer loan service in San Francisco. Earlier, it joined private-equity investors in backing SurveyMonkey. Both companies are aiming to serve small businesses, an area of focus for Google as it expands its cloud software offerings.
“Google has been a very good acquirer as they have been good at integrating and benefiting from their deals,” said Dave Goldberg, CEO of Palo Alto-based SurveyMonkey.
With Google Ventures, the company makes bets on startups that may not have a lot of market traction or revenue. The unit started in 2009 and is funded by its parent, which is providing $300 million a year, up from $200 million in 2012. Google Ventures made 75 investments last year and had 10 exits, including three initial public offerings. The group has more than 50 employees, including nine general partners and one managing partner.
“When we founded Google Ventures, we structured the fund to build in an unprecedented level of autonomy,” Bill Maris, managing partner at Google Ventures, wrote in an e-mail. “The idea was never, ‘What can startups do for Google?’ It was always, and remains, ‘What can we do for startups?’”
Tom Moss, co-founder of Nextbit Systems Inc., took an investment from Google Ventures along with Accel Partners, where he’s an entrepreneur-in-residence.
“Google is still very well regarded in the technology community, generally as a company that loves technology and wants to push technology forward,” Moss said.
Google needs to find new markets after sales growth slowed to 19 percent last year from 37 percent in 2012. In addition to the added revenue from acquisitions, investments have the potential to provide insights into emerging markets or promising technologies that Google wouldn’t otherwise see.
“They really are all over the map,” said Ethan Kurzweil, a partner at Bessemer Venture Partners in Menlo Park. “Every strategy you can imagine a company employing, they’re employing in one way or another.”
What's it to ya?
Did you think we would listen to goofy short posters such as yourself?
Honestly people, insults and name calling is just a sign of frustration and worry on the part of shorts, and all the more reason for us longs to hold this.
Djack is giving you the most honest and correct answer.
I will add.
There is no 3-5 year target for a purely spec stock with no current earnings.
As a betting man I see the odds as possible 1-2 dollars down and 10 upside in next two years.
Therefore only invest what you can afford to take a possible loss on.
Do not bet the farm.
Currently this is just a trading stock with probably 90% small investors doing it.
And if you go that route then hold a core position for the unknowns.
Good honest advice!
When I was a kid I used to watch Kukla, Fran, and Allah on tv.
Don't remember them saying this.
Well, they gotta buy 50-200k before they can sell em.
I guess it all works out in the end, doesn't it?
IT'S going up because the board is out of the picture for now.
I bought up all their shares on the cheap for my fund.