U.S. Markets open in 9 hrs 27 mins

Google acquisition of Vringo a possibility, says Maxim

Maxim believes Vringo's (VRNG) litigation process appears on track with the patent trial against Google (GOOG) set to begin on October 16. Maxim thinks that as the trial commencement date gets closer, Google could become more focused on what it wants to do. The firm believes that one of Google’s possibilities may include acquiring Vringo. Maxim has a Buy rating on Vringo shares with a $6.50 price target.