Quarterhill’s WiLAN acquires content delivery network patent portfolio for no upfront payment, share of licensing revenue

Quarterhill Inc. (QTRH), the diversified holding company formerly known as Wi-LAN Inc., said its wholly-owned subsidiary Content Delivery Inc. has acquired a portfolio of patents and applications relating to Content Delivery Network technology from an unnamed seller. The Ottawa, Ontario-based company, which is run by Executive Chairman Jim Skippen, didn’t say how many patents it [...]

By | July 20th, 2017|Patent Investing, Patent sale|0 Comments

Qualcomm is committed to business structure even as it faces profit and revenue declines linked to ongoing royalty war with Apple

Qualcomm Inc. (QCOM), the semiconductor technology and licensing company run by CEO Steve Mollenkopf, said it remains committed to its business structure combining a semiconductor chip manufacturing business and a patent licensing business even as it faces investor concerns about an ongoing royalty war with Apple Inc. (AAPL)and its contract manufacturers. The question about the [...]

Shareholders authorize Marathon to complete reverse split and non-public offerings at steep discount

Shares of Marathon Patent Group fell as much as 6% a day after shareholders approved a raft of proposals that will allow the patent licensing company to complete a reverse stock split and raise money in one or more non-public offerings at steep discounts to the stock price. The shares were down 1.9% or 0.0056 [...]

By | July 20th, 2017|Financing, Patent Investing|0 Comments

Qualcomm says dispute with Apple and its contract manufacturers pared fiscal 3rd-Qtr revenue and earnings

Qualcomm Inc. (QCOM), the technology licensing company locked in a royalty war with Apple Inc. and its suppliers, said its fiscal third quarter profit fell 40% because of a $940 million, payment to BlackBerry and a $927 million payment related to the Korea Free Trade Commission (KFTC) fine, in addition to the impact from the [...]

By | July 19th, 2017|earnings, litigation, Patent Investing, US ITC|0 Comments

Shares of Spherix plunge 25% after it prices offering, a month after acquisition sent shares soaring

Shares of Spherix Inc., which have more than doubled since it announced the acquisition of controlling stake in Hoth Therapeutics, plunged more than 25% after the patent licensing company revealed the pricing for a $2.5 million public offering. Spherix shares fell 68 cents or 25.47% to $1.99 in trading. The shares previously surged from $1.12 [...]

By | July 19th, 2017|Financing, Patent Investing|0 Comments

Marathon agrees to swap warrants with strings for shares to gain flexibility as it restructures debt

Marathon Patent Group Inc. (MARA), the patent licensing company run by CEO Doug Croxall, said it entered into exchange agreements with the purchasers of stock issued in April, which will give the company greater flexibility to refinance debt it owes to a unit of Fortress Investment Group. Los Angeles-based Marathon said in a July 18 [...]

By | July 19th, 2017|Financing, Patent Investing|0 Comments

Quarterhill acquires Belgian intelligent transport systems company iCOMS for $1.1M in cash

Quarterhill Inc. (QTRH), the diversified holding company formerly known as WiLAN Inc., said it acquired all the issued and outstanding shares of iCOMS Detections S.A. for cash of 1.0 million euros (USD $1.1 million). Ottawa, Ontario based Quarterhill said iCOMS, an intelligent transportation systems company located in Brussels, Belgium, will be integrated into Quarterhill’s wholly-owned [...]

By | July 19th, 2017|Europe, Patent Investing|0 Comments

VirnetX says $20M investment from Japan’s PICA has been postponed indefinitely

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, said the month-long delay in the $20 million investment from Japan’s Public Intelligence Technology Associate has been postponed indefinitely because of unfinished due diligence by investors in the Japanese private equity firm. Zephyr Cove, Nevada-based VirnetX said June 1 that PICA had [...]

By | July 17th, 2017|Asia, Financing, Patent Investing|0 Comments

Google and other tech giants unveil the High Tech Inventors Alliance to work toward a “balanced” U.S. patent system

Adobe, Amazon, Cisco, Dell, Google, Intel, Oracle and Salesforce, who invested $62.9 billion in research and development in 2016, collectively own more than 115,000 patents and employ more than 447,000 in the U.S, have joined together to form the High Tech Inventors Alliance (HTIA), dedicated to supporting “balanced patent policy.” The alliance’s focus on a balanced patent system [...]

U.S. ITC judge hands Xperi’s Tessera Technologies unit a big win against Broadcom

An administrative law judge of the U.S. International Trade Commission on July 5 handed Xperi Corp. (XPER)’s Tessera Technologies Inc. unit a much needed win in its multi-jurisdictional infringement dispute with Broadcom Ltd. and its affiliates. In May 2016, Tessera launched a multi-jurisdictional infringement dispute against Broadcom and its suppliers filing complaints with with the [...]

By | July 12th, 2017|litigation, Patent Investing, US ITC|0 Comments