Spherix says it won’t replace two departing board members to reduce costs

Spherix Inc. (SPEX), the patent monetization company run by CEO Anthony Hayes, said two of its board members have stepped down and will not be replaced. Bethesda, Maryland-based Jeffrey Ballabond and Howard E. Goldberg have stepped down from the board, effective immediately. The company said the resignations were amicable and reflected no disagreements with the [...]

By | October 31st, 2016|exec changes, Patent Investing|0 Comments

(Update1) Shoe Care Innovations CEO says U.S. patent system is stacked against startups and small businesses

Adam Ullman comes from a family of inventors and entrepreneurs that understands how hard it is to commercialize even the best inventions and how frustrating it is today because the patent system is stacked against startups and small businesses who can’t protect their patented inventions from copycats. The 41-year-old inventor and entrepreneur is the CEO [...]

By | October 28th, 2016|Patent Investing|0 Comments

(Update2) InterDigital’s third quarter profit quadruples after new patent licensing agreement

InterDigital Inc. (IDCC), the technology licensing company run by CEO Bill Merritt, said its third quarter 2016 profit more than quadrupled because of a new patent licensing agreement with Huawei. The Wilmington, Delaware-based company said its net income rose to $104.5 million, or $2.99 a share, compared with $24.5 million, or 68 cents a share [...]

By | October 27th, 2016|earnings, Patent Investing|0 Comments

(Update3) Acacia has best quarter in four years on near quadrupling of licensing revenue, cost cuts

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio Jr., said it had one of its best quarters ever in the third quarter of 2016, swinging to a profit on a near quadrupling of revenue and 29% reduction in litigation and other expenses. The Newport Beach, California-based company said its [...]

By | October 27th, 2016|earnings, Patent Investing|0 Comments

Google acquires patent rich augmented reality and virtual reality startup Eyefluence

Google Inc. (GOOG), the technology giant that has led efforts to scale back patent owner rights, acquired a patent rich startup that specializes in augmented reality and virtual reality technology called Eyefluence Inc. The terms of the acquisition were not disclosed. Eyefluence has raised $21.6 million in funding from investors including Intel Capital, Jazz Venture [...]

By | October 25th, 2016|Patent Investing, Uncategorized|0 Comments

(Update2) PTAB cancels most claims of patent related to Shire’s Gattex, handing Bass and Spangenberg their first win

The Patent Trial and Appeal Board handed Hayman Capital Management’s J. Kyle Bass and IP Navigation Group founder and owner Erich Spangenberg their first win in a challenge of a patent related to Gattex, a drug for short bowel syndrome sold by Shire PLC. Bass and Spangenberg, through their Coalition for Affordable Drugs, have filed [...]

By | October 25th, 2016|Patent Investing, PTAB|0 Comments

Rambus posts 97% drop in third quarter net on higher costs, comparison with year ago $167M tax benefit

Rambus Inc. (RMBS), the technology licensing company run by CEO Ron Black, posted a 97% drop in net income in the third quarter of 2016 driven by a comparison with a year ago quarter in which it had a $167 tax benefit and higher expenses. Sunnyvale, California-based Rambus said its third quarter net income fell [...]

By | October 24th, 2016|earnings, Patent Investing|0 Comments

Marathon’s 3D Nanocolor establishes lab/office at HP campus in Corvalis, OR hires two HP engneers

3D Nanocolor Corp., the developer of electrokinetic film technology acquired by Marathon Patent Group Inc. (MARA) in March, said it has established a new lab and offices at The Advanced Technology and Manufacturing Institute (ATAMI) located in on the HP campus in Corvalis, Oregon. The unit of Los Angeles-based Marathon is seeking to commercialize proprietary [...]

By | October 24th, 2016|exec changes, Patent Investing|0 Comments

InterDigital is reaching out to like-minded small companies to help it educate possible Clinton administration on patent issues

InterDigital Inc. (IDCC), the technology licensing company run by CEO Bill Merritt, has recently reached out to small companies in Silicon Valley, who share its pro-patent rights agenda, in an effort to educate and shape a possible Hillary Rodham Clinton administration on the subject of U.S. patent policy and the choice of a director of [...]

By | October 21st, 2016|Patent Investing, Patent Trolling|0 Comments

PTAB rejects Google challenge to Network-1 patent allowing district court action to restart

Network-1 Technologies Inc. (NTIP), the patent licensing company run by CEO Corey Horowitz, said on Wednesday, Oct. 19, the Patent Trial and Appeal Board rejected a Google Inc. and YouTube LLC covered business method (CBM) challenge of one of the patents of Network-1's Cox Patent Portfolio. New York-based Network-1 said the PTAB ruled that Google had [...]

By | October 21st, 2016|Patent Investing, PTAB|0 Comments