ZTE Corp., the Chinese telecommunication giant locked in a multi jurisdictional patent infringement war with Vringo Inc. (VRNG) fired another shot across the bow of the patent licensing company, saying Chinese patent authorities had invalidated a thirteenth Vringo patent raising “serious concerns” about the quality of Vringo’s patents. Shenzhen, China-based ZTE said in a statement [...]
The European Patent Office’s decision on May 7 revoking one of Celgene Corp.’s (CELG) patents on Revlimid, a derivative of thalidomide, may lead to a broader challenge to related patents that could seriously curtail some $5 billion of Celgene’s $7.5 billion in annual revenue. That’s the assessment of analysts at M-CAM, the intellectual property asset [...]
Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr. said it plans to raise up to $6 million from a rights offering. The Austin, Texas-based company said it plans to make the rights offering through the distribution to its common and preferred stock holders to purchase shares of the company's [...]
Netlist Inc. (NLST), the patent monetization company run by CEO C.K. Hong, posted a much wider net loss of $6.46 million in the first quarter on higher litigation expenses. The company’s net loss of 14 cents a share compared wit5h a net loss of $2.02 million or 5 cents a share a year ago. The [...]
Patent Properties Inc. (PPRO), the patent monetization company run by Executive Chairman and founder Jay Walker, posted a narrower net loss of $4 million in the first quarter on higher revenue and lower expenses. The Stamford, Connecticut-based company said its first quarter net loss per share of 19 cents compared with a net loss of [...]
Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, is going to have to raise about $6 million to redeem Series I preferred shares due June 30 and Dec. 31 after a first quarter net loss of $4.09 million left it with cash and cash equivalents of only $111,000. “Pursuant to the [...]
VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, posted a narrower first quarter net loss of $5.86 million on higher revenue and lower expenses. The Zephyr Cove, Nevada-based company’s first quarter net loss of 11 cents a share compared with a net loss of $6.09 million, or 13 cents a [...]
ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, said its net loss was little changed at $5.8 million on higher than expected litigation costs related to its appeal of a district court ruling throwing out a $173 million verdict it won in 2013 against Qualcomm. The Jacksonville, Florida-based company’s net loss [...]
Shares of ParkerVision Inc. (PRKR) plunged 40% after a hearing before the Court of Appeals for the Federal Circuit of the federal court ruling throwing out a $170 million verdict the licensing company previously won against Qualcomm. ParkerVision shares plunged 27 cents to 39 cents today in trading. They've traded between 33 cents and $5.32 [...]
Vringo Inc. (VRNG), the patent licensing company run by CEO Andrew Perlman, said a Romanian court handed it victory in its long-running multi-jurisdictional infringement action against ZTE Corp. by denying the Chinese telecommunication giant’s motion for a preliminary injunction needed to resume commercial production 4G LTE equipment in Romania. The ruling by the Bucharest Tribunal [...]
