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Friday, March 8, 2013

Hitpiece in November by 'Anders Bylund' FANBOY of $GOOG - Hater of Innovators Creating Patents

Hitpiece in November by 'Anders Bylund' FANBOY of $GOOG - Hater of Innovators Creating Patents

How Much Longer Will Patent Trolls Take Their Tolls?


"It's been a weird week for investors with a yen for patent-based business models.
First, video ringtone vendor and occasional search patent wrangler Vringo (NYSEMKT: VRNG  ) scored a patent infringement victory against AOL (NYSE: AOL  ) andGoogle (Nasdaq: GOOG  ) . But share prices fell on the verdict because the $30 million up-front damages were far smaller than the $493 million the company originally sought. Vringo shares are still down 19% from pre-verdict highs as investors fret over the judge's final say on damages, licensing, and potential injunctions. But the early enthusiasm changes the picture a good deal -- the stock is up 27% from last Friday's closing prices.
Then mobile security expert VirnetX (NYSEMKT: VHC  ) landed a much larger win againstApple (Nasdaq: AAPL  ) . Cupertino was ordered to pay VirnetX $370 million to make up for misuse of the company's patents in the FaceTime video chat app. Sure, investors were hoping for more, but this is still a potential lifesaver for a company with less than $40,000 in trailing revenue. The company recorded a $200 million payment from Microsoft (Nasdaq:MSFT  ) two years ago in a case based on many of the same communication patents, but that windfall never led to any significant license royalties."

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