PTAB denies IPR against Marathon’s CRFD unit, three still pending after institution

The Patent Trial and Appeal Board denied a petition for inter partes review filed by Unified Patents Inc. against Marathon Patent Group’s (MARA) CRFD Research Inc. subsidiary. The petition, IPR2015-00157, sought to invalidate U.S. Patent No. 7,1919,233 B2, which describes a system and method for “user-directed transfer of an on-going software-based session from one device [...]

By | May 7th, 2015|Patent Investing|Comments Off on PTAB denies IPR against Marathon’s CRFD unit, three still pending after institution

Smartflash’s request for treble damages against Apple questioned as sound business practice

Smartflash LLC, which won a $532.9 million award against Apple Inc. (APPL) in a patent infringement case involving iTunes technology in U.S. District Court in Tyler, Texas, is causing people in the patent monetization business to scratch their heads after asking the court to triple the damages. The verdict was already one of the biggest [...]

By | May 6th, 2015|Patent Investing, Patent Trolling|Comments Off on Smartflash’s request for treble damages against Apple questioned as sound business practice

Neonode first quarter loss narrows on higher revenue, lower expenses

Neonode Inc. (NEON), the optical touch technology licensing company run by CEO Thomas Eriksson, posted a narrower net loss in the first quarter on higher revenue from licensing agreements and lower operating costs. The Stockholm, Sweden-Based company said its net loss was $2.07 million, or 5 cents a share, versus $4 million, or 11 cents [...]

By | May 6th, 2015|Patent Investing|Comments Off on Neonode first quarter loss narrows on higher revenue, lower expenses

SITO Mobile’s first quarter net loss narrows on higher revenue from media placement, wireless

SITO Mobile Ltd., the mobile engagement platform technology provider and licensor run by CEO Jerry Hug, yesterday posted a narrower loss on higher revenue media placement and wireless applications. The Jersey City, N.J.-based company’s net loss fell to $338,511, or 0 cents a share, from $1.11 million, or 1 cent a share, a year ago. [...]

By | May 6th, 2015|Patent Investing|Comments Off on SITO Mobile’s first quarter net loss narrows on higher revenue from media placement, wireless

(UPDATE2) Tessera posts 70% increase in first quarter profit on higher recurring revenue, lower costs

Tessera Technologies Inc., the patent licensing and technology company run by CEO Thomas Lacey, posted an 70% increase in net income on lower than expected litigation costs and other expenses. The San Jose, Calif.-based company posted net income of $35.6 million, or 66 cents a share in the first quarter, compared with $20.9 million, or [...]

By | May 5th, 2015|Patent Investing|Comments Off on (UPDATE2) Tessera posts 70% increase in first quarter profit on higher recurring revenue, lower costs

(UPDATE2) Vringo posts narrower loss in first quarter on lower litigation costs, expenses

Vringo Inc. (VRNG), the patent monetization company run by CEO Andrew Perlman, said its net loss in the first quarter narrowed to $7 million on lower litigation expenses and other expenses. New York-based Vringo’s net loss of 7 cents a share compared with a net loss of $11.1 million, or 13 cents a share a [...]

By | May 5th, 2015|Patent Investing|Comments Off on (UPDATE2) Vringo posts narrower loss in first quarter on lower litigation costs, expenses

Spherix files new suit against Verizon and Cisco, dismisses one against T-Mobile

Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, said it has filed a patent infringement action against both Verizon and Cisco Systems Inc. and dismissed a separate infringement action against T-Mobile. The Bethesda, Maryland-based company on Friday, May 1, sued Verizon and Cisco Systems in the U.S. District Court for the [...]

By | May 4th, 2015|Patent Investing|Comments Off on Spherix files new suit against Verizon and Cisco, dismisses one against T-Mobile

Vringo gets $12.5M in convertible debt financing from Iroquois Capital to boost cash

Vringo Inc. (VRNG), the patent monetization company run by Andrew Perlman, said it raised $12.5 million in convertible debt financing from Iroquois Capital LP. New York-based Vringo said the senior convertible notes will be payable in 21 monthly installments, mature in 21 months and accrue interest at 8%. Iroquois, also based in New York, is [...]

By | May 4th, 2015|Patent Investing|Comments Off on Vringo gets $12.5M in convertible debt financing from Iroquois Capital to boost cash

Vringo reaches settlement with ZTE in U.K., terms unknown, shares surge

Vringo Inc., the patent assertion company run by Andrew Perlman, has settled a patent infringement action against Chinese telecommunications company ZTE Corp. in the U.K., though terms of the settlement are unknown at this time. Shares of New York-based Vringo soared as high as 75 cents a share in early trading and are currently up [...]

By | May 1st, 2015|Patent Investing|Comments Off on Vringo reaches settlement with ZTE in U.K., terms unknown, shares surge