Inventergy announces changes to Fortress deal to ease requirements and get additional $3M

Inventergy Global Inc. (INVT), the patent monetization company run by Joe Beyers, said it has reached an agreement with Fortress Investment Group LLC to provide up to $3 million in advances on an $11 million debt facility based on future payments from Inventergy IP licensees. Campbell, Calif.-based Inventergy also said Fortress agreed to waive or [...]

By | February 27th, 2015|Patent Investing|Comments Off on Inventergy announces changes to Fortress deal to ease requirements and get additional $3M

Apple plans to appeal $532.9M verdict won by Smartflash in iTunes patent infringement case

Apple Inc. (APPL) said it plans to appeal a $532.9 million jury award against the computer giant in a patent infringement case involving iTunes technology filed by Smartflash LLC in U.S. District Court in Tyler, Texas. The verdict is one of the biggest ever won by a patent monetization company and dwarfs a $368 million [...]

By | February 25th, 2015|Patent Investing, Patent Trolling|Comments Off on Apple plans to appeal $532.9M verdict won by Smartflash in iTunes patent infringement case

U.S. PTAB allows ParkerVision discovery against RPX in IPR battle

The U.S. Patent Trial and Appeal Board is allowing ParkerVision Inc. (PRKR) additional discovery from RPX Corp. (RPXC) and Dr. Michael Farmwald in three petitions for IPRs to invalidate patents at issue in an infringement claim ParkerVision filed against Qualcomm Inc. At issue is whether the IPRs filed by San Francisco-based RPX and Dr. Farmwald [...]

By | February 23rd, 2015|Patent Investing|Comments Off on U.S. PTAB allows ParkerVision discovery against RPX in IPR battle

Acacia cuts 4th qtr loss in half on higher licensing fees

Acacia Research Corp. (ACTG), the patent monetization company run by CEO Matthew Vella, cut its net loss in the fourth quarter of 2014 in half on higher revenue from new licensing agreement. The net loss in the latest quarter fell to $16.24 million, or 34 cents, from $33.33 million, or 69 cents, a year ago. [...]

By | February 20th, 2015|Patent Investing|Comments Off on Acacia cuts 4th qtr loss in half on higher licensing fees

Netlist to post 4th qtr loss of up to $6M, announces public offering

Netlist Inc. (NLST), the provider of memory solutions for the cloud computing and storage markets with $15 million in debt financing from Fortress Investment Group, said today it expects to post a net loss of $5 million to $6 million in the quarter ended Dec. 27 on revenue of only $2.5 million. The Irvine, Calif.-based [...]

By | February 19th, 2015|Patent Investing|Comments Off on Netlist to post 4th qtr loss of up to $6M, announces public offering

SmartMetric facing $3M in legal costs, uncertain future after failed infringement suits against Visa and Mastercard

SmartMetric Inc. (SMME), the maker of biometric identification cards for the banking industry that once brought $13 billion in failed patent infringement claims against Visa and Mastercard International, is down to its last $50,832 and recently had to assign its patents to founder and CEO for $270,000 in back pay. Las Vegas-based SmartMetric reported net [...]

By | February 18th, 2015|Patent Investing, Patent Trolling|Comments Off on SmartMetric facing $3M in legal costs, uncertain future after failed infringement suits against Visa and Mastercard

Netlist amends $15M debt financing from Fortress to accelerate availability of funds

Netlist Inc., (NLST) the provider of memory solutions for the cloud computing and storage markets, said today it has amended the credit financing agreement it entered in July 2013 with an affiliate of Fortress Investment Group LLC (FIG). Irvine, Calif.-based Netlist said the amended agreement accelerates the availability of financing and enhances Netlist's economics through [...]

By | February 17th, 2015|Patent Investing|Comments Off on Netlist amends $15M debt financing from Fortress to accelerate availability of funds

Unwired Planet needs to find a new CEO to rekindle investor interest

Unwired Planet Inc. (UPIP), the patent licensing company that has had four different executives in charge in the last four years, is hoping its next CEO will be the one to really increase shareholder value. Reno, Nevada-based Unwired Planet is currently run by Chairman and Principal Executive Officer Philip Vachon, though the company has hired [...]

By | February 17th, 2015|Patent Investing|Comments Off on Unwired Planet needs to find a new CEO to rekindle investor interest

Marathon’s TLI brings another infringement case in Germany this time against Facebook

Marathon Patent Group (MARA), the patent monetization company run by CEO Doug Croxall, said its German subsidiary TLI Communication GmbH has brought another patent infringement action in the Regional Court of Munich, Germany against Facebook Inc. (FB). TLI Communications is asserting infringement of the German part of European patent 0 814 611 B1 by Facebook [...]

By | February 17th, 2015|Patent Investing|Comments Off on Marathon’s TLI brings another infringement case in Germany this time against Facebook

Inventergy Global says it licensed patent portfolio for five years for $2 million

Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joe Beyers, said it has entered into a five year $2 million patent license agreement with a mid-tier telecommunications technology company providing IP Multimedia Subsystems (IMS) solutions. The licensee was was not disclosed. Inventergy officials said the identity of the licensee was confidential. Shares [...]

By | February 12th, 2015|Patent Investing|Comments Off on Inventergy Global says it licensed patent portfolio for five years for $2 million