Document Security Systems surges 20% in possible sign that stock is undervalued

Shares of Document Security Systems Inc. (DSS) gained 21% in afternoon trading on low volume and no news and CEO Jeff Ronaldi said perhaps the market sees it as undervalued. Shares of Rochester, N.Y-based DSS gained 3.38 cents to 20 cents in trading at 11:01 Pacific time. "There's no news and no pending cases," Ronaldi [...]

By | August 20th, 2015|Patent Investing|Comments Off on Document Security Systems surges 20% in possible sign that stock is undervalued

Marathon’s Selene Communication unit gets licensing agreement from Reed Elsevier

Marathon Patent Group (MARA), the patent licensing company merging with Uniloc Luxembourg SA in a $91 million combination, said that Reed Elsevier has taken a license to Marathon subsidiary Selene Communication Technologies, LLC’s patent portfolio. Terms were not disclosed. The licensing agreement comes after Los Angeles-based Marathon posted lower than expected revenue and a wider [...]

By | August 20th, 2015|Patent Investing|Comments Off on Marathon’s Selene Communication unit gets licensing agreement from Reed Elsevier

(Update1) Court orders Finjan to clarify claims against Sophos, orders two sides to confer on discovery

Judge William Orrick of the U.S. District Court for the Northern District of California ordered Finjan Inc. (FNJN) to refile its infringement claims against Sophos Inc. to answer the alleged infringer’s contentions. The suit was filed by Finjan in March 2014 and alleged infringement by Sophos of three patents owned by Finjan. They are U.S. [...]

By | August 20th, 2015|Patent Investing|Comments Off on (Update1) Court orders Finjan to clarify claims against Sophos, orders two sides to confer on discovery

Vringo tells court in letter it intends to seek ‘case-dispositive’ sanctions against ZTE in their breach of NDA dispute

Vringo Inc. (VRNG), the patent licensing company locked in a multi-jurisdictional infringement war with ZTE Corp., told a federal court in Manhattan, today in a letter, that it plans to file a motion for sanctions shortly because ZTE Chief Counsel Guo Xiaoming still refuses to be deposed by Vringo attorneys in New York. New York-based [...]

By | August 20th, 2015|Patent Investing|Comments Off on Vringo tells court in letter it intends to seek ‘case-dispositive’ sanctions against ZTE in their breach of NDA dispute

RPX said to threaten Spherix with alleged breach of IP purchase agreement with $5M redemption looming

RPX Corp. (RPXC), the patent aggregator and risk management provider run by CEO John Amster, appears to have found another creative way to profit from protecting its members from unscrupulous patent trolls. In addition to purchasing patents that can be automatically licensed to its members, filing inter partes reviews to invalidate patents, selling insurance protection [...]

By | August 19th, 2015|Patent Investing, Patent Trolling|Comments Off on RPX said to threaten Spherix with alleged breach of IP purchase agreement with $5M redemption looming

(Update1) Blue Calypso settles infringement suit with IZEA for $390,506

Blue Calypso Inc. (BCYP), the patent licensing company run by CEO Andrew Levi, said it reached a settlement and licensing agreement with IZEA Inc. (IZEA), operator of an online marketplace that connects brands with influential content creators for $390,506. Dallas-based Blue Calypso said the companies have entered into an agreement which ends all outstanding litigation [...]

By | August 18th, 2015|Patent Investing|Comments Off on (Update1) Blue Calypso settles infringement suit with IZEA for $390,506

(Update2) Mast Capital increases stake in Unwired Planet to 18.8% after purchases from Starboard and Indaba Capital

Mast Capital Management, the investment manager run by David Steinberg and Peter Reed has increased its stake in Unwired Planet Inc. (UPIP) to 18.8% from 12.9% in a bet that new CEO Boris Teksler can return the mobile Internet technology licensing company to profitability. The Boston-based investment manager, which has more than $1 billion in [...]

By | August 18th, 2015|Patent Investing|Comments Off on (Update2) Mast Capital increases stake in Unwired Planet to 18.8% after purchases from Starboard and Indaba Capital

(Update1) Spherix may need to raise capital at steep discount or sell assets to meet $5M redemption payment to RPX in December

Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, is going to need to raise more capital at a steep discount or sell some assets to make a $5 million redemption of series I preferred shares owned by RPX Corp. (RPXC). That’s because Bethesda, Maryland-based Spherix isn’t likely to reach a settlement [...]

By | August 17th, 2015|Patent Investing|Comments Off on (Update1) Spherix may need to raise capital at steep discount or sell assets to meet $5M redemption payment to RPX in December

(Update1) Marathon shares fall as much as 14% after announcement of $91M merger with Uniloc

Shares of Marathon Patent Group Inc. (MARA), the patent licensing company that is merging with Uniloc Luxembourg SA in a combination worth about $91 million, fell as much as 14% in early trading as investors digested Friday’s merger announcement. Marathon shares fell 39 cents, or 13.26%, to $2.53 in trading on the Nasdaq. Earlier they [...]

By | August 17th, 2015|Patent Investing|Comments Off on (Update1) Marathon shares fall as much as 14% after announcement of $91M merger with Uniloc

Spherix posts much wider second quarter loss on $37.2M non-cash impairment charge

Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, posted a much wider than expected net loss in the second quarter due to a $37.2 million non-cash impairment loss on goodwill and intangible assets. Bethesda, Maryland-based Spherix posted a second quarter net loss of $41.3 million, or $1.41 a share, compared with [...]

By | August 15th, 2015|Patent Investing|Comments Off on Spherix posts much wider second quarter loss on $37.2M non-cash impairment charge