Endeavor IP says fiscal 2014 loss more than doubles, leaving new CEO with tough choices

Endeavor IP Inc. (ENIP), the patent assertion company run by newly appointed CEO Franciscus Diaba, said its net loss for the fiscal year ended Oct. 31, 2014 more than doubled on higher operating expenses, leaving Diaba with the difficult task of raising money at a steep discount, selling the business or going out of business. [...]

By | January 30th, 2015|Patent Investing|Comments Off on Endeavor IP says fiscal 2014 loss more than doubles, leaving new CEO with tough choices

ITUS posts wider fiscal fourth quarter net loss on non cash items, little revenue

ITUS Corp. (ITUS), the patent assertion company run by CEO Rob Berman, said its net loss in the fiscal fourth quarter ended Oct. 31, 2014 increased 7.8% as non-cash items outstripped revenue from patent assertion activities and licensing fees. Los Angeles-based ITUS posted a net loss of $3.15 million, or 1 cent a share, in [...]

By | January 30th, 2015|Patent Investing|Comments Off on ITUS posts wider fiscal fourth quarter net loss on non cash items, little revenue

Endeavor IP says Rob Dhat to be replaced by Franciscus Diaba as CEO

Endeavor IP Inc. (ENIP) Chairman and Chief Executive Officer Ravinder “Rob” Dhat has agreed to step down from those titles after only a year and be replaced by Franciscus Diaba. Officials of New York-based Endeavor couldn’t be reached for comment. Shares of Endeavor IP fell 23.4% to 0.0049 cents each in over the counter trading. [...]

By | January 29th, 2015|Patent Investing|Comments Off on Endeavor IP says Rob Dhat to be replaced by Franciscus Diaba as CEO

WiLAN says adjusted earnings fell 29% in fourth quarter on only two licensing agreements

WiLAN Inc. (WILN), the patent monetization company run by CEO Jim Skippen, said its fourth quarter net income fell 78.7% on lower than expected licensing revenue. Net income fell to $518,000, or zero cents, in the fourth quarter from $2.43 million, or 2 cents a share, the Ottawa, Ontario-based company said in a statement. The [...]

By | January 29th, 2015|Patent Investing|Comments Off on WiLAN says adjusted earnings fell 29% in fourth quarter on only two licensing agreements

Fortress backing gives Andrea Electronics, Inventergy Global, SITO Mobile confidence to make new moves

With backing from Fortress Investment Group, Andrea Electronics Corp. (ANDR), Inventergy Global Inc (INVT), and SITO Mobile Ltd. (SITO) have recently made aggressive pushes in the patent monetization space. The flurry of activity comes after a period in which several Fortress-backed companies have had disagreements arise on their boards because of the terms of Fortress [...]

By | January 28th, 2015|Patent Investing, Patent Trolling|Comments Off on Fortress backing gives Andrea Electronics, Inventergy Global, SITO Mobile confidence to make new moves

ZTE Corp. says China Patent Review Board invalidated three Vringo patents

ZTE Corp., the Chinese mobile telecommunications company locked in patent disputes with Vringo Inc. (VRNG) in multiple jurisdictions, said today that the Patent Re-examination Board of the State Intellectual Property Office of the People’s Republic of China invalidated three Vringo patents because of lack of invention. Shenzhen, China-based ZTE said the three Vringo patents invalidated [...]

By | January 27th, 2015|Patent Investing, Patent Trolling|Comments Off on ZTE Corp. says China Patent Review Board invalidated three Vringo patents

Crossroads raises $7M in registered direct, had been seeking $11.88M to repay Fortress loans

Crossroads Systems Inc. (CRDS), the IP monetization company run by CEO Richard Coleman Jr., said it raised $7 million in a registered direct offering of common stock and warrants. The Austin, Texas-based provider of data storage solutions, had been trying to raise $11.88 million in part to repay debt issued to Fortress Investment Group (FIG) [...]

By | January 27th, 2015|Patent Investing|Comments Off on Crossroads raises $7M in registered direct, had been seeking $11.88M to repay Fortress loans

Marathon Patent Group parts ways with marketing chief after 5 months

Marathon Patent Group (MARA), the patent monetization company run by Doug Croxall, has parted ways with its chief market officer Daniel Gelbtuch after 5 months. Los Angeles-based Marathon said in a filing with the Securities and Exchange Commission today, that on Jan. 20 the company and Gelbtuch, who was based in New York, agreed that [...]

By | January 26th, 2015|Patent Investing|Comments Off on Marathon Patent Group parts ways with marketing chief after 5 months

Worlds agrees to issue stock worth $1.5M to Hudson Bay to settle dispute over warrants

Worlds Inc. (WDDD), the owner of patents for multi-user interactive technology, has agreed to deliver shares of common stock currently worth about $1.52 million to Hudson Bay IP Opportunities Master Fund to settle a dispute over its refusal to convert warrants issued in three private placements. Brookline, Mass.-base Worlds said in a filing with the [...]

By | January 26th, 2015|Patent Investing, Patent Trolling|Comments Off on Worlds agrees to issue stock worth $1.5M to Hudson Bay to settle dispute over warrants

Vringo loses infringement case against ZTE, ASUS in District Court in Dusseldorf Germany

Vringo Inc. (VRNG) shares fell 18% after the patent assertion company said it lost a patent infringement case against ZTE Corp. and its German subsidiary ZTE Deutchland GmbH and ASUSTek Inc. and its German subsidiary ASUS Gmbh in the District Court of Dusseldorf, Germany. Shares of Vringo fell 11 cents or 18% to 48 cents [...]

By | January 23rd, 2015|Patent Investing|Comments Off on Vringo loses infringement case against ZTE, ASUS in District Court in Dusseldorf Germany