Parallel Separation dismisses suit against National Oilwell after parent Acacia is added

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matthew Vella, agreed to a dismissal with prejudice of an infringement action filed by its Parallel Separation Innovation LLC unit against National Oilwell Varco in U.S. District Court in Houston, Texas, shortly after the judge agreed to add Acacia as a third party claimant. [...]

By | July 27th, 2015|Patent Investing, Patent Trolling|Comments Off on Parallel Separation dismisses suit against National Oilwell after parent Acacia is added

(UPDATE1) Inventergy expects to post first ever quarterly profit in 2nd quarter of 2015

Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joe Beyers, said it expects to show revenue in excess of $4 million and “will likely also show a profit” in the second quarter driven by an asset sale. The Campbell, Calif.-based company made the disclosure about the revenue and profit today in a [...]

By | July 27th, 2015|Patent Investing|Comments Off on (UPDATE1) Inventergy expects to post first ever quarterly profit in 2nd quarter of 2015

Google’s Patent Purchase Promotion generated thousands of submissions and a few purchases up to $250K

Google Inc. (GOOG) said its Patent Purchase Promotion generated thousands of submissions of patent portfolios from a variety of patent owners including operating companies, individuals and brokers. Kurt Brasch, a senior licensing manager at Mountain View, Calif.-based Google, said in an interview “we were very pleased with the response. We had thousands of entries and [...]

By | July 24th, 2015|Patent Investing|Comments Off on Google’s Patent Purchase Promotion generated thousands of submissions and a few purchases up to $250K

(UPDATE1) Vringo’s allegation of manipulation by ZTE seen more likely to draw scrutiny from Justice Department than SEC

(Adds judge's granting of Vringo's motion to compel deposition of ZTE's general counsel and order for defense counsel and ZTE to show cause why they should not be sanctioned  and required to pay Vringo's reasonable expenses in making the motion in last two paragraphs.) _________________________________________________________________________________________ Vringo Inc.’s (VRNG) accusation that ZTE Corp. with the help [...]

By | July 24th, 2015|Patent Investing|Comments Off on (UPDATE1) Vringo’s allegation of manipulation by ZTE seen more likely to draw scrutiny from Justice Department than SEC

Acacia posts narrower net loss in second quarter on higher than expected revenue, lower expenses

Acacia Research Corp. (ACTG), the patent monetization company run by CEO Matthew Vella, posted a narrower net loss in the second quarter of 2015 on higher than expected revenue and lower litigation and other expenses. The Newport Beach, Calif.-based company said its second quarter net loss fell to $3.69 million, or 8 cents a share, [...]

By | July 23rd, 2015|Patent Investing|Comments Off on Acacia posts narrower net loss in second quarter on higher than expected revenue, lower expenses

Crossroads gets 180 days to regain compliance with Nasdaq minimum market cap requirement

Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr., said today it received notice from the NASDAQ Stock Market LLC that the company’s market value had fallen below the exchange’s $35 million minimum market value listing requirement. Austin, Texas-based Crossroads also said Nasdaq informed it that it also failed to meet [...]

By | July 22nd, 2015|Patent Investing|Comments Off on Crossroads gets 180 days to regain compliance with Nasdaq minimum market cap requirement

(UPDATE1) Tangible IP sells portfolio of patents related to reading blood glucose levels for Tall Oak Ventures

Tangible IP LLC, the patent brokerage and intellectual property advisory firm run by CEO Louis Carbonneau, said it completed the sale of a patent portfolio related to amperometric diagnostic analysis technology for reading blood glucose levels in people with diabetes, on behalf of Tall Oak Ventures. Terms of the sale and the buyer were not [...]

By | July 22nd, 2015|Patent Investing|Comments Off on (UPDATE1) Tangible IP sells portfolio of patents related to reading blood glucose levels for Tall Oak Ventures

ParkerVision plans to distribute semiconductor products for wireless applications through RFMW

ParkerVision Inc. (PRKR), the patent monetization company run by CEO Jeffrey Parker, said it has reached an agreement with RFMW Ltd., a distributor of technology based components, to sell ParkerVision’s semiconductor technology solutions for wireless applications. Jacksonville, Florida-based ParkerVision, which has earned no revenue from products and services in 2015, 2014, 2013 or 2012, is [...]

By | July 21st, 2015|Patent Investing|Comments Off on ParkerVision plans to distribute semiconductor products for wireless applications through RFMW

Marathon gets extension on $1 million payment owed to MedTech for acquisition until Oct. 1

Marathon Patent Group Inc. (MARA), the patent monetization company run by CEO Doug Croxall, said it entered into a forbearance agreement with MedTech Development LLC, the holder of a $9 million promissory note related to an acquisition of patent portfolios  in October. Los Angeles-based Marathon announced the agreement signed Thursday, July 16, today in a [...]

By | July 21st, 2015|Patent Investing|Comments Off on Marathon gets extension on $1 million payment owed to MedTech for acquisition until Oct. 1

Vringo dismisses KPMG and appoints CohnReznick as auditor for fiscal year ended Dec. 31, 2015

Vringo Inc. (VRNG), the patent monetization company run by CEO Andrew Perlman, said it has dismissed KMPG LLP as its independent registered public accounting firm for fiscal year ended Dec. 31, 2015, and appointed CohnReznick LLP. New York based Vringo said in a filing with the Securities and Exchange Commission on Friday July 17 that [...]

By | July 21st, 2015|Patent Investing|Comments Off on Vringo dismisses KPMG and appoints CohnReznick as auditor for fiscal year ended Dec. 31, 2015