(Update4) Google’s self-driving car spinoff Waymo sues Uber, Otto for theft of trade secrets, patent infringement

Waymo LLC, the spinoff of Google’s holding company Alphabet that is developing self-driving car technology, filed a lawsuit against Uber Technologies Inc., Ottomoto LLC and Otto Trucking LLC for theft of trade secrets and patent infringement. The complaint filed in U.S. District Court in San Francisco seeks preliminary and permanent injunctions, damages, punitive damages, which [...]

February 23rd, 2017|Categories: litigation, Patent Investing|Tags: , |

InterDigital’s 4th-Qtr profit more than triples on licensing agreement with Huawei

InterDigital Inc. (IDCC), the mobile technology and licensing company run by CEO William Merritt, posted a more than threefold increase in profit in the fourth quarter on a big licensing agreement with Huawei that boosted past royalty payments. The Wilmington, Delaware-based company’s fourth quarter net income rose to $135.78 million, or $3.85 a share, from [...]

February 23rd, 2017|Categories: earnings, Patent Investing|Tags: , |

ParkerVision CEO says consumer WI-FI product will produce revenue and move the company toward profit this year

Jeffrey Parker, the chairman and CEO of ParkerVision Inc. (PRKR), the RF semiconductor technology and patent licensing company, is betting that a new internally developed chip and consumer WI-FI product to be introduced in the second quarter will be the key to moving toward profitability this year. Parker says ParkerVision’s plan to sell a new [...]

February 23rd, 2017|Categories: litigation, Patent Investing, Product|Tags: , |

ExUSPTO Deputy Director Slifer asks court to order Cantor unit to give back two gaming patents

Former U.S. Patent and Trademark Office Deputy Director Russell Slifer has asked the U.S. District Court in Manhattan to enter an injunction requiring CG Technology, a unit of investment bank Cantor Fitzgerald to assign all rights, title, and interests in Patent Nos. RE39,818 and 6,342,010 back to him. Slifer argues that he should be entitled [...]

February 22nd, 2017|Categories: litigation, Patent Investing|

(Update1) Tessera changes its name to Xperi, posts 4th-Qtr loss on $40M in costs related to DTS acquisition

Tessera Holding Corp. (TSRA), the technology licensing company run by CEO Tom Lacey, said it is changing its name effective Feb. 23 to Xperi Corp., and its ticker symbol to XPER. to reflect its expanded capabilities, continued technological innovation and refined vision after the $850 million acquisition of audio technology provider DTS Inc. San Jose, [...]

February 22nd, 2017|Categories: earnings, Patent Investing|Tags: , |