Vringo's lawyers estimated during the trial that the figure should total around $100 million for that year.
How much Vringo stands to gain from its victory Tuesday is uncertain. Google could change its system so it is no longer infringing on the patent, or the judge could alter or eliminate the running royalties judgment, or toss the verdict entirely.
Lawyers for both sides declined to comment.
Google issued a statement saying that the company will prevail in post-trial motions or in the appeals court.
"We remain confident that the patents here are invalid, that we did not infringe them, and that we will ultimately win this case," the statement said.
Vringo stockholders have been keeping a close eye on the case. The company's stock price fluctuated wildly during the 13-day trial. Trading was halted at 12:30 p.m. Tuesday just before the verdict was read and then restarted about two hours later. The price closed at $3.57, down nearly 10 percent for the day.
Bloggers and tweeters were stationed in the courtroom, at times bolting at the slightest hint of news in favor of one side or the other.
Jackson warned them more than once about "stampeding" out of the courtroom. Just before the jury returned with its pronouncement, the judge warned them again not to leave for five minutes after the verdict was read. Several ignored the order and slipped away to report the verdict.
The case highlights the newfound high stakes involved in patent litigation. Patent cases have been filed in record numbers in recent years, with more than 4,000 filed nationwide in the federal fiscal year ending Sept. 30, 2011, more than any year going back to 1990.
Cases often involve a small company that owns a key patent that it alleges is being used by a technology giant. Success, however, is never guaranteed.
A Northern Virginia inventor lost a multimillion-dollar patent infringement case against Twitter in the same courthouse late last year.
But another small patent owner settled with Verizon for more than $260 million after Verizon lost in a jury trial, also before Jackson, late last year.
11-Nov-13 Earnings announcement Set a Reminder
8-Aug-13 VRINGO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
21-Jul-13 VRINGO INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
3-Jul-13 VRINGO INC Files SEC form 8-K, Other Events
30-May-13 VRINGO INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
9-May-13 VRINGO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
9-May-13 VRINGO INC Files SEC form 10-Q, Quarterly Report
8-May-13 VRINGO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
25-Apr-13 VRINGO INC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhi
19-Apr-13 VRINGO INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transf
15-Apr-13 VRINGO INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
21-Mar-13 VRINGO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
21-Mar-13 VRINGO INC Files SEC form 10-K, Annual Report
13-Feb-13 VRINGO INC Files SEC form 8-K, Change in Directors or Principal Officers
1-Feb-13 VRINGO INC Files SEC form 8-K, Amendment or Waiver to Code of Ethics, Financial Statements and Exhibits
2-Jan-13 VRINGO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
14-Nov-12 VRINGO INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
8-Nov-12 VRINGO INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
11-Oct-12 VRINGO INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
5-Oct-12 VRINGO INC Files SEC form 8-K, Entry int
Got a big fat "I told you so" waiting for you idiots. Vringo is in serious trouble regardless of the jury verdict. No way JJ lets this case go in favor of Vringo. Shorts are in control and Vringo is holding a good portion of them. Do your homework cc!
Google was selling for using the Lang technology to their customers for profit. It's the reason they jumped in and took all responsibility for legal costs in their hands, otherwise the "other defendants" sue Google or settle and admit guilt. Google bought their silence! What's going to hurt VRNG for a long time is Google's delays through legal loopholes for years. Investors are going to need al least another year of $0.00ROI on their investments. Many bought on the high side of $5 + and are forced to wait or sell like Vringo's IR team suggests if your tired of waiting! Soon you'll be picking up VRNG in the low $2s.
It means they're not going to roll over and let Vringo have their way. Read between the lines, in today's world it's easier to steal and deal than to buy or license outright! It's the laws way of saying we'll stop infringement cases by never ruling on them. It's called discouragement for NPEs such as Vringo.
You have every right to be concerned. I've tried telling those who keep throwing good money away at this stock...THEY ARE IN TROUBLE! Google has no intentions on slowing down the ongoing litigation process. It's meant to hurt Vringo in the pocket and eventually say enough. Their cash position keeps dwindling Q after Q with no way to reload. Investors have left and Vringo's inability to
keep investors abreast should be alarming! Next course of business will be another offering at a ridiculous low price that will kick holders today in the teeth. You don't think IR is going to make that public do you? Not until it's a done deal then you'll hear it, by then it's to late.
Yes, lets add more to the heep they are already sitting on that produce how much revenue........$0.00 to date! Brilliant call.
continue. If you take a TV manufacturer's schematics of a flat screen and add or take away something but the product still functions are you infringing. That's what this judge will need to determine. It's up to Vringo to prove to him that the claims of disabling the QBB and QBBpCRT functions somewhere in the body of the patent still causes Google to be an infringer. This is going to take for ever! Then as the Virginia Pilot writer said, Vringo has no guarantee of being successful in their attempt to prove it. Google's revenue fell 4% regarding Ads since last quarter, something has changed, that's for sure. Cheaper to give up 4% than tp pay Vringo a billion for ongoing use. That's what shorts are and have been betting on. Ask Vringo if a company can short it's own stock, answer I know is yes. It's another form of insurance.
$VRNG nah. I m expecting him to say code was enough and just rule in Google s favor.
industry. Both mechanical and design patents. Engineers would add something to already existing ideas and re-patent them. Unfortunately, as an employee you were not allowed to license it yourself. You had to sign a release when becoming an employee/engineer that all patents would be licensed under the manufacturer. You'd get a bonus and a healthy one if it was drastic. Wonder what price Google's paying their engineers to find a resolution to theirs? Millions I'm sure, what an incentive! Isn't that right Vringo!!!
This press release includes forward-looking statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially include, but are not limited to: the inability to realize the potential value created by the merger with Innovate/Protect for our stockholders; our inability to raise additional capital to fund our combined operations and business plan; our inability to monetize and recoup our investment with respect to patent assets that we acquire; our inability to maintain the listing of our securities on the NYSE MKT; the potential lack of market acceptance of our products; our inability to protect our intellectual property rights; potential competition from other providers and products; our inability to license and monetize the patents owned by our subsidiaries; our inability to monetize and recoup our investment with respect to patent assets that we acquire; and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our quarterly report on Form 10-Q filed with the SEC on November 14, 2012. Vringo expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
Trial Scheduled for September 24, 2013 on First Patent Vringo Asserted Against ZTE in Germany
NEW YORK - February, 21, 2013 - Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation, development and monetization of mobile technologies and intellectual property, today announced that its wholly-owned subsidiary, Vringo Germany GmbH, extended its patent infringement lawsuit against the ZTE Corp. China, and its German subsidiary, ZTE Deutschland GmbH (ZTE).
"This extension is another step in Vringo's continued enforcement of its intellectual property assets. We believe that ZTE is one of several large multinational telecom equipment companies that are currently infringing patents in our Telecommunications Infrastructure Portfolio," said Andrew D. Perlman, Chief Executive Officer of Vringo.
I can hardly wait until the dreaded "DELAY" pops it's ugly little head out to finally hear from IR on the reasoning!!! LOL!
Unfortunately there's a hail storm headed your way and your umbrellas will be destroyed. The news coming soon will leave the Vringo longs wondering why?
to think is fair!