Vringo posts much narrower net loss in 2015 on ZTE settlement and lower expenses

Vringo Inc. (VRNG), the technology and licensing company run by CEO Andrew Perlman, posted a much narrower net loss in the year ended Dec. 31, 2015 driven by the $21.5 million settlement it reached with ZTE Corp. New York-based Vringo posted a net loss of $11.2 million, or $1.09 a share, versus a loss of [...]

By | March 10th, 2016|Patent Investing|Comments Off on Vringo posts much narrower net loss in 2015 on ZTE settlement and lower expenses

(Update1) ipCreate is planning to raise $6.5M in private placement to spin-out Article One

IPCreate Inc., which identifies promising innovation areas and creates foundational patents to take advantage of technological advances, is trying to raise $6.5 million in a private placement of preferred stock of Article One Partners, the crowdsourced patent research business it acquired in 2014. Bonita Springs, Florida-based ipCreate, which is run by Chairman Marshall Phelps Jr. [...]

By | March 10th, 2016|Patent Investing|Comments Off on (Update1) ipCreate is planning to raise $6.5M in private placement to spin-out Article One

PTAB institutes two of three IPRs filed by Qualcomm against ParkerVision patents

ParkerVision Inc. (PRKR), the patent monetization company run by CEO Jeffrey Parker, said that the Patent Trial and Appeal Board denied institution of one petition for inter partes review and instituted two others filed by Qualcomm Inc. and Qualcomm Atheros Inc. The petitions sought to invalidate the claims of ParkerVision’s U.S. Patent Nos. 7,039,372, 6,091.940 [...]

By | March 9th, 2016|Patent Investing|Comments Off on PTAB institutes two of three IPRs filed by Qualcomm against ParkerVision patents

Vringo restructures Iroquois Capital debt and puts investment manager’s Rich Abbe on its board

Vringo Inc. (VRNG), a technology and patent monetization company run by CEO Andrew Perlman, said it has restructured a convertible note issued to Iroquois Capital Management to reduce its existing debt and named the investment manager's principal Richard Abbe to its board. The New York-based company said it is issuing an aggregate of 703,667 shares [...]

By | March 9th, 2016|Patent Investing|Comments Off on Vringo restructures Iroquois Capital debt and puts investment manager’s Rich Abbe on its board

(Update1) Spherix and Equitable IP join forces to better monetize Spherix’s CompuFill portfolio

Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, said it has reached a collaborative agreement with Dean Becker’s patent investing fund company Equitable IP Inc. to better monetize of Spherix’s CompuFill patent portfolio, which relate to the telephonic refilling of prescriptions. “This collaborative effort with Equitable marks the first of what [...]

By | March 8th, 2016|Patent Investing|Comments Off on (Update1) Spherix and Equitable IP join forces to better monetize Spherix’s CompuFill portfolio

Pendrell takes $103.5M impairment charge related to ContentGuard loss, pivots away from patents

Pendrell Corp. (PCO) is the latest of at least four patent licensing companies including Vringo Inc. (VRNG), ITUS Corp. (ITUS) and Document Security Systems Inc. (DSS) to say it is largely mothballing its patent monetization activities after enforcement defeats or disappointing settlements in favor of launching new operating businesses. Kirkland, Washington-based Pendrell on Friday, March [...]

By | March 8th, 2016|Patent Investing|Comments Off on Pendrell takes $103.5M impairment charge related to ContentGuard loss, pivots away from patents

IBM action against Groupon seen as sign of possible swing back to patent holder rights

International Business Machines Corp. (IBM), which claims that for over two decades it has been issued more patents by the Patent and Trademark Office than any other company, has filed an enforcement action against Groupon Inc. after the operator of online local commerce marketplaces refused to settle during three years of talks. Armonk, New York-based [...]

By | March 8th, 2016|Patent Investing, Patent Trolling|Comments Off on IBM action against Groupon seen as sign of possible swing back to patent holder rights

Dominion-WiLAN partnership to invest IP in startups seen as most promising with early stage companies

The success of the partnership between Dominion Harbor Group and WiLAN Inc. (WILN) in investing WiLAN patents into promising startups may depend on the quality of the patents and the timing of the investment in the startup’s lifecycle. So far, the two companies haven’t identified which WiLAN patents have been selected for investing in startups. [...]

By | March 4th, 2016|Patent Investing|Comments Off on Dominion-WiLAN partnership to invest IP in startups seen as most promising with early stage companies

(Update2) Bass and Spangenberg’s IPR institution rate against biotech firms significantly trails average

The inter partes review (IPR) petition institution rate of the Coalition for Affordable Drugs, the group controlled by J. Kyle Bass’ and his Hayman Capital Management and IP Navigation Group founder Erich Spangenberg, is significantly lower than the average for IPRs filed against life sciences patents. The Coalition, Bass and Spangenberg has won institution on [...]

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(Update1) Acacia to pay two former executives each $840K to assist interim CEO Marvin Key

Acacia Research Corp. (ACTG), the patent monetization company that took a $105 million charge to write down the value of its failed Adaptix portfolio, said it has agreed to pay $840,000 each to former Executive Chairman Robert “Chip” Harris and former CEO Matt Vella under a new director services agreement and a consulting agreement, respectively, [...]

By | March 4th, 2016|Patent Investing|Comments Off on (Update1) Acacia to pay two former executives each $840K to assist interim CEO Marvin Key