Vringo has quietly been putting other pieces together. Here is what has taken place over the last little bit.
•July 2012: Vringo completed its merger with Innovate/Protect.
•August 2012: Vringo enters into a Patent Purchase Agreement with Nokia (NOK). Vringo receives a patent portfolio consisting of over 500 patents and patent applications worldwide.
•October 2012: Vringo files lawsuit against ZTE.
•November 2012: A jury ruled in favor of I/P Engine (Vringo) against Defendants with respect to Defendants' infringement of U.S. Patent Nos. 6,314,420 and 6,775,664. The jury found that reasonable royalty damages should be based on a running royalty, and that the running royalty rate should be 3.5%.
•April 2013: Vringo is added to the NASDAQ. Vringo is expanding its visibility to an even broader range of investors. This is a positive sign for investors as Vringo looks to show that it has transformed itself from a small speculative, micro-cap stock into a more broadly held and sound company.
•May 2013: Microsoft (MSFT) reaches settlement with Vringo. The settlement shows the legitimacy of Vringo's patents and what it has.
•June 2013: Vringo was added to the Russell Indexes.
•September 2013: Vringo files a patent infringement lawsuit against The ADT Corporation, ADT LLC, ADT Security Services, Inc., and Tyco Integrated Security.
Institutions Are Buying Vringo
Investors should know that institutions, hedge funds and many other firms are required to update their holdings every quarter. These filings can offer some interesting insights, such as which stocks are being accumulated and which stocks are being dropped. So what is taking place with Vringo?
Over the past year, Institutional activity in Vringo has slowly picked up. It was not that long ago that institutional ownership was in the 7%-8% range. In the last little bit this number has since doubled as Vringo has Institutional ownership up over 15%.
Watching what big money is buying and selling can be a good indicator .