ZTE says invalidation of 13th Vringo patent by Chinese authorities shows weakness of Vringo’s patents

ZTE Corp., the Chinese telecommunication giant locked in a multi jurisdictional patent infringement war with Vringo Inc. (VRNG) fired another shot across the bow of the patent licensing company, saying Chinese patent authorities had invalidated a thirteenth Vringo patent raising “serious concerns” about the quality of Vringo’s patents. Shenzhen, China-based ZTE said in a statement [...]

By | May 13th, 2015|Patent Investing|Comments Off on ZTE says invalidation of 13th Vringo patent by Chinese authorities shows weakness of Vringo’s patents

(Update1) Celgene’s Revlimid patents may face broader challenge after European patent is revoked

The European Patent Office’s decision on May 7 revoking one of Celgene Corp.’s (CELG) patents on Revlimid, a derivative of thalidomide, may lead to a broader challenge to related patents that could seriously curtail some $5 billion of Celgene’s $7.5 billion in annual revenue. That’s the assessment of analysts at M-CAM, the intellectual property asset [...]

By | May 13th, 2015|Patent Investing|Comments Off on (Update1) Celgene’s Revlimid patents may face broader challenge after European patent is revoked

Crossroads Systems plans to raise up to $6M in rights offering

Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr. said it plans to raise up to $6 million from a rights offering. The Austin, Texas-based company said it plans to make the rights offering through the distribution to its common and preferred stock holders to purchase shares of the company's [...]

By | May 12th, 2015|Patent Investing|Comments Off on Crossroads Systems plans to raise up to $6M in rights offering

Netlist posts wider net loss in first quarter on a more than tripling of patent litigation costs

Netlist Inc. (NLST), the patent monetization company run by CEO C.K. Hong, posted a much wider net loss of $6.46 million in the first quarter on higher litigation expenses. The company’s net loss of 14 cents a share compared wit5h a net loss of $2.02 million or 5 cents a share a year ago. The [...]

By | May 12th, 2015|Patent Investing|Comments Off on Netlist posts wider net loss in first quarter on a more than tripling of patent litigation costs

Patent Properties posts narrower loss in first quarter on lower litigation expenses

Patent Properties Inc. (PPRO), the patent monetization company run by Executive Chairman and founder Jay Walker, posted a narrower net loss of $4 million in the first quarter on higher revenue and lower expenses. The Stamford, Connecticut-based company said its first quarter net loss per share of 19 cents compared with a net loss of [...]

By | May 12th, 2015|Patent Investing|Comments Off on Patent Properties posts narrower loss in first quarter on lower litigation expenses

Spherix needs $6M in new capital to meet preferred redemptions due June 30 and Dec. 31

Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, is going to have to raise about $6 million to redeem Series I preferred shares due June 30 and Dec. 31 after a first quarter net loss of $4.09 million left it with cash and cash equivalents of only $111,000. “Pursuant to the [...]

By | May 12th, 2015|Patent Investing|Comments Off on Spherix needs $6M in new capital to meet preferred redemptions due June 30 and Dec. 31

(Update1) VirnetX posts narrower first quarter loss on higher revenue and lower expenses

VirnetX Holding Corp. (VHC), the patent licensing company run by CEO Kendall Larsen, posted a narrower first quarter net loss of $5.86 million on higher revenue and lower expenses. The Zephyr Cove, Nevada-based company’s first quarter net loss of 11 cents a share compared with a net loss of $6.09 million, or 13 cents a [...]

By | May 11th, 2015|Patent Investing|Comments Off on (Update1) VirnetX posts narrower first quarter loss on higher revenue and lower expenses

(Update1) ParkerVision posts little changed loss in first quarter on higher litigation costs

ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, said its net loss was little changed at $5.8 million on higher than expected litigation costs related to its appeal of a district court ruling throwing out a $173 million verdict it won in 2013 against Qualcomm. The Jacksonville, Florida-based company’s net loss [...]

By | May 11th, 2015|Patent Investing|Comments Off on (Update1) ParkerVision posts little changed loss in first quarter on higher litigation costs

(Update1) ParkerVision plunges 40% after its attorneys are said to have made a poor showing at appellate hearing

Shares of ParkerVision Inc. (PRKR) plunged 40% after a hearing before the Court of Appeals for the Federal Circuit of the federal court ruling throwing out a $170 million verdict the licensing company previously won against Qualcomm. ParkerVision shares plunged 27 cents to 39 cents today in trading. They've traded between 33 cents and $5.32 [...]

By | May 8th, 2015|Patent Investing|Comments Off on (Update1) ParkerVision plunges 40% after its attorneys are said to have made a poor showing at appellate hearing

Court won’t let ZTE resume sales of 4G LTE equipment in Romania in a minor win for Vringo

Vringo Inc. (VRNG), the patent licensing company run by CEO Andrew Perlman, said a Romanian court handed it victory in its long-running multi-jurisdictional infringement action against ZTE Corp. by denying the Chinese telecommunication giant’s motion for a preliminary injunction needed to resume commercial production 4G LTE equipment in Romania. The ruling by the Bucharest Tribunal [...]

By | May 8th, 2015|Patent Investing|Comments Off on Court won’t let ZTE resume sales of 4G LTE equipment in Romania in a minor win for Vringo