WiLAN’s Variable Lighting unit signs confidential license with Santa’s Best Craft

WiLAN Inc. (WILN), the patent licensing company run by CEO Jim Skippen, said its subsidiary, Variable Lighting LLC, has entered into a patent license agreement with Santa's Best Craft LLC, the supplier of LED Christmas and Halloween merchandise. Ottawa-based WiLAN said the license covers programmable LED technology. The company didn't disclose the terms of the [...]

By | March 20th, 2017|licensing agreement, Patent Investing|0 Comments

Network-1 Technologies posts record profit of $23.2M in 2016 on licensing settlements with Apple and others

Network-1 Technologies Inc. (NTIP), the patent licensing company run by CEO Corey Horowitz, posted a record profit in 2016 of $23.2 million, or 93 cents a share, driven by $30.36 million in licensing settlements and a $17.5 million professional liability claim payment. New York-based Network-1 said its earnings compared with net income of $4.1 million, [...]

By | March 20th, 2017|earnings, Patent Investing|0 Comments

Former Rouse International partner Erick Robinson joins Beijing East IP

Erick Robinson, a former partner with international law firm Rouse International, has joined Beijing East IP, the Beijing-based law firm run by Dr. Lulin Gao, who previously was the first commissioner of the Chinese Patent Office. "After a great deal of thought, rather than join another foreign firm which would still require hiring Chinese counsel, [...]

By | March 17th, 2017|China, exec changes, Patent Investing|0 Comments

Acacia and Veritone agree to set warrant exercise price based on price of Veritone’s $15M IPO

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio III, said it has amended the securities purchase agreement it signed to invest up to $50 million in Veritone Inc., an artificial intelligence startup, to set the exercise price of two types of warrants based on the price of Veritone’s $15 [...]

By | March 16th, 2017|Financing, Patent Investing|0 Comments

Virnetx posts slightly narrower net loss of $28.6M in 2016 on non-cash gain and higher interest income

VirnetX Holding Corp. (VHC), the technology licensing company run by CEO Kendall Larsen, posted a slightly narrower net loss of $28.6 million, or 51 cents share, in 2016 because of a non-cash gain related to warrants and higher interest income. The Zephyr Cove, Nevada-based company reported a net loss of $29.2 million, or 56 cents [...]

Spherix parts ways with interim CFO to cut costs, CEO Hayes to assume acting CFO duties

Spherix Inc. (SPEX), the patent monetization company that turned over its enforcement actions to Dean Becker’s Equitable IP Holdings Corp., said it released interim Chief Financial Officer Frank Reiner in an effort to cut costs. Bethesda, Maryland-based Spherix said on March 10, it entered into a separation agreement and general release with Reiner, effective March [...]

By | March 16th, 2017|exec changes, Patent Investing|0 Comments

PTAB upholds claims of Xperi patent at issue in ITC and district court actions against Broadcom

The Patent Trial and Appeal Board upheld the validity of the claims of a patent owned by a unit of Xperi Corp. (XPER), the technology and licensing company run by CEO Tom Lacey, that had been challenged in a petition for inter partes review filed by Broadcom Ltd., Broadcom Corp., Avago Technologies Ltd. and Avago Technologies [...]

By | March 16th, 2017|litigation, Patent Investing, PTAB|0 Comments

PTAB upholds bulk of Finjan patent claims in IPRs filed by Palo Alto, Symantec and Blue Coat

The Patent Trial and Appeal Board handed Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, a victory on March 15 when it issued final written decisions upholding the majority of patent claims challenged in inter partes review petitions filed by Palo Alto Networks, Symantec Corp. and Blue Coat [...]

By | March 16th, 2017|litigation, Patent Investing, PTAB|0 Comments

RPX may fetch up to $680M from private equity buyer in take private transaction

RPX Corp. (RPXC), the patent aggregator that is considering its strategic options including a possible sale to a private equity firm in the aftermath of the departure of its founder and CEO John Amster, is likely to sell for between $630 million and $680 million, patent market observers say. Amster left San Francisco-based RPX last [...]

By | March 16th, 2017|Patent Investing|0 Comments

Yahoo! discloses value of Excalibur IP patent portfolio at $740M in latest proxy filing

Yahoo! Inc. (YHOO), which agreed to sell its internet business to Verizon Communications for a revised $4.48 billion, put a value of $740 million on its non-core patent portfolio, which it has been trying to sell in an auction for nine months. In a revised preliminary proxy statement filed March 13, Yahoo! said "all of [...]

By | March 15th, 2017|Patent Investing, Patent sale|0 Comments