Read the ruling. If they don't sort it out themselves in 45 days, the judge will impose an ongoing royalty rate. The only reason he didn't do it already is to preclude an appeal by Apple.
So much for Apple hitting the PTO hard. The 180 claims received final confirmation from the PTO this morning. The re-exam is over. Apple lost.
Judge Davis in the Eastern District of Texas, who oversaw the jury trial that awarded $368.2 million to VirnetX for Apple's infringement of VHC's patents with FaceTime, confirmed the jury's verdict today in a 47 page ruling, with interest and ongoing damages of $330,000 per day. He also chose not to set an ongoing royalty rate, rather he ordered the parties to come to a settlement themselves via mediation on an ongoing royalty rate for Apple to pay VirnetX for continued use of its patents, and said that if they failed to do so within 45 days, he would impose one. Separately, he essentially confirmed that VHC's damages expert had submitted "substanital evidence" that 1% of infringing revenues was a reasonable royalty - making it clear that if the parties didn't agree within the next month and a half, he'd impose that rate on Apple. Depending on which products qualify (essentially anything using iOS or OSX), that would be somewhere between $500 million and $1 billion a year, or 1-2% of AAPL's net income. Should be an interesting 6 weeks.
2012 headline as Mrs. Piggot and Mrs. H withold favors from their loser husbands; they only married them for the money, and if they're not gettin' that, they're not gettin any.
How do you figure, that Rogers? It had $62 million in cash at the end of September with only $6 million in liabilities. How is it going to be out of business in three months?
This shouldn't be that hard Tripps, pay attention. The jury doesn't render the final verdict, the judge does, taking into account the jury's judgment. THERE IS NO FINAL VERDICT IN THIS CASE UNTIL THE JUDGE ISSUES IT. No payment of damages are due until the judge confirms them in his FINAL verdict. No ongoing royalty is due until the judge confirms it in his FINAL verdict. There can be no appeal until there is a FINAL verdict to appeal.
This is a company where a minimal understanding of court procedure is required, try not to be an idiot.
After the actual verdict is rendered by the judge, which will be no sooner than January 15th and may be later, and after it's established that Apple has chosen not to appeal, which may be up to 60 days after the verdict.
Between VIctor and Piggot, it appears that the hedgies are covering (or at least one fund). Now all we need is Terp to say it's a screaming buy.
Hey Victor, I thought the re-exams were going to sink VHC, what about those? DId you like your portrayal in Eric's Hitler video stickied at the top of IV?
Another new spam ID from psycho boy. Off to ignore-land for you..
Btw how'd that first "Sell half at $12" work out for you, nutcase?
Actually, Jeff, it's 4 business days. Trust me on this one, I live it.
I'm not an attorney, but I write enough checks to them that I'll answer. Judge Davis won't award treble damages, and VHC likely didn't ask for it in its sealed motion on the 21st.HJD's primary focus is minimizing any possibility of being overturned on appeal, and awarding treble damages when it wasn't requested prior to trial opens up an avenue for appeal.
The incremental damages certainly wouldn't be irrelevant, but $368 million isn't the primary focus for VHC, nor would 3x that number qualify. VHC's focus is on achieving a high (1%+) forward royalty from HJD in the final verdict delivered on or soon after the 20th. A high running royalty award leads to any number of good things including a pre-trial Cisco settlement and future industry licensing revenue. Having that verdict, with a high forward royalty, upheld on any appeal is job one. It's well worth foregoing the questionable possibility of treble damages to get through any appeal cleanly, quickly and with a positive result.
You have no idea what you're talking about on several fronts, and you're clearly too lazy to do any research. But hey, maybe you're right. All us longs, some of whom have been in the deal for almost six years and attended various hearings and trials in Texas, just don't get it, based on your 10 minute scan of Yahoo Finance.
Please short this stock with every bit of margin you have, and prove that Darwin was right.
Terp, you're not very good. If you guys are going to start the bashing again, could you ask Piggot or Victor to bash instead? They're equally wrong, but at least they try.
Translation: "I said the pps would either go up, or go down, or stay the same. Show me where I'm wrong. You can't, can you? Didn't think so."
Belated realization of the implications of suing Apple and Cisco. Look at the calendar, you'll see that the market took a few weeks to digest that news.