Qualcomm reaches 3G, 4G patent licensing agreement with India’s Smartron

Qualcomm Inc. (QCOM), the technology and licensing company run by CEO Steve Mollenkopf, said that on Sunday, April 23, it reached a 3G and 4G patent licensing agreement with India's Smartron India Private Ltd. Terms weren't disclosed. San Diego, California-based Qualcomm said it has granted Smartron a royalty-bearing patent license to develop, manufacture and sell [...]

By | April 24th, 2017|Asia, India, licensing agreement, Patent Investing|0 Comments

Acacia’s CCE brings a second infringement action involving four patents against Apple and wireless carriers

Cellular Communications Equipment LLC, a unit of Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman Louis Graziadio Jr., filed an enforcement action involving four patents against Apple Inc. (AAPL) and several wireless carriers. The action filed in U.S. District Court in Tyler, Texas also named AT&T Inc., AT&T Mobility LLC, Verizon [...]

By | April 20th, 2017|litigation, Patent Investing|0 Comments

(Update3) Qualcomm posts 42% drop in 2nd-Qtr profit after $975M reduction in revenue related to BlackBerry arbitration decision

Qualcomm Inc. (QCOM), the technology and licensing company run by CEO Steve Mollenkopf, posted a 42% drop in fiscal second quarter 2017 net income, driven by a $974 million, or 48 cent a share, reduction in revenue related to the arbitration decision in favor of BlackBerry Ltd. and $150 million in payments withheld by an [...]

By | April 19th, 2017|earnings, Patent Investing|0 Comments

Spherix and Equitable IP Corp. team up to acquire portfolio of fiber optics patents

Spherix Inc. (SPEX), the patent licensing company that turned over its enforcement actions to Dean Becker’s Equitable IP Holding Corp., said it has teamed up with Equitable IP to acquire an economic interest in a new patent portfolio that is largely unlicensed to any third party. Bethesda, Maryland-based Spherix was typically vague about the acquisition, [...]

By | April 19th, 2017|Patent Investing, Patent sale|0 Comments

RPX CEO Roberts’ compensation set at lower level than founder and former CEO Amster

RPX Corp. (RPXC), the patent aggregator and litigation loss control company, said its board set the base salary, bonus and equity compensation of its new CEO Martin Roberts at less than the amount paid to former founder and CEO John Amster. Roberts’ initial base salary will be $500,000 per year and he will be eligible [...]

By | April 18th, 2017|exec changes, Patent Investing|0 Comments

(Update2) Marathon shares plunge 22.8% after it raises $2.66M, far less than needed to avoid Nasdaq delisting

Marathon Patent Group Inc. (MARA), the patent licensing company run by CEO Doug Croxall, said it raised $2.66 million from a registered direct offering of common stock priced at 15.6% discount to the close on Monday, April 17. Los Angeles-based Marathon said it has entered into definitive agreements with investors for the purchase and sale [...]

By | April 18th, 2017|Financing, Patent Investing|0 Comments

Les Ware’s Optus UP reaches settlement with Apple in case originally brought by Unwired Planet

Les Ware's Panoptis Patent Management, whose Optus UP Holdings acquired the patent portfolio of the former Unwired Planet last year for $40 million, said Optus UP reached a settlement with Apple Inc. (AAPL)  for an undisclosed amount believed to be close to the $33 million Optus had been seeking. The settlement comes on top of [...]

Marathon is facing delisting after Nasdaq says its negative shareholders’ equity is below minimum

Marathon Patent Group Inc. (MARA), the patent licensing company run by CEO Doug Croxall, said it is facing a delisting from the Nasdaq Stock Market because its stockholders equity has fallen below the Nasdaq's minimum listing requirements. Los Angeles-based Marathon said today in a filing with the Securities and Exchange Commission, that "on April 17, [...]

By | April 18th, 2017|Patent Investing|0 Comments

Marathon’s Munitech reaches settlements with Google and ZTE in German enforcement action

Marathon Patent Group Inc. (MARA), the patent licensing and management company run by CEO Doug Croxall, said its wholly-owned subsidiary, Munitech IP S.a.r.l., has entered into a settlement and license agreement with Google Inc., ZTE Deutschland GmbH, ZTE Services Deutschland and ZTE Corp. Los Angeles-based Marathon said the consideration to be paid to Munitech and [...]

Finjan expects profit in first quarter of 2017, after record $25M in revenue, retirement of $10.2M preferred

Finjan Holdings Inc. (FNJN), the cybersecurity technology and patent licensing company run by CEO Phil Hartstein, said it achieved profitability for the first time in its history in the first quarter of 2017, after bringing in $25 million in revenue. The East Palo Alto, California-based company said it also has retired its entire $10.2 million [...]

By | April 18th, 2017|earnings, Financing, Patent Investing|0 Comments