Provenance Asset Group to put 1,249 patent families with 3,000 patent assets on sale March 1

Provenance Asset Group LLC, the patent licensing company run by CEO Dan McCurdy, said it will list for sale 1,249 patent families approximately 25% of the granted patent families it acquired in September 2017 from Nokia on Thursday March 1 at 10 am New York time. McCurdy said in an interview that in terms of [...]

By | February 28th, 2018|Asia, China, Patent Investing, Patent sale|0 Comments

TiVo to explore strategic options to boost share price, posts 4th Qtr profit on $26.6M tax cut benefit

TiVo Corp. (TIVO), the technology and licensing company run by CEO Enrique Rodriguez, said it hired investment bank LionTree Advisors to help it explore strategic alternatives to boost its share price. The San Jose, California-based company said its board does not believe its stock price reflects the true value of the business given the company’s [...]

By | February 27th, 2018|earnings, Patent Investing|0 Comments

Alataba reduces carrying value for its Excalibur IP patent portfolio to $665M from $675M

Altaba Inc. (AABA), the technology company formerly called Yahoo! Inc., reduced the value of its Excalibur IP patent portfolio to $665 million  from $675 million in its most recent filing with the Securities and Exchange Commission. This is at least the second time Altaba has reduced the carrying value of its patent portfolio, which at [...]

By | February 27th, 2018|Patent Investing|0 Comments

(Update2) PTAB rejects St. Regis Mohawk Tribe’s effort to terminate IPR review of patents for Allergan’s Restasis

The Patent Trial and Appeal Board rejected the St. Regis Mohawk Tribe's motion to terminate an inter partes review challenge of patents related to Allergan Plc's Restasis drug for chronic dry eye because of the tribe's sovereign immunity from federal actions. The PTAB said in a ruling on Friday Feb. 23 that "we determine that [...]

Uniloc files enforcement action against Apple alleging infringement of patent for improved communication of data between devices

Uniloc USA Inc. and Uniloc Luxembourg SA, the patent licensing companies run by CEO Craig Etchegoyen, filed a new patent enforcement action against Apple Inc. alleging infringement of a patent for systems and devices for improved communication of data between beacon devices and portable devices such as Bluetooth. The action was filed on Thursday Feb. [...]

By | February 23rd, 2018|litigation, Patent Investing|0 Comments

(Update3) Immersion’s Apple settlement is likely worth only as much as $65M based on 2018 revenue forecast

Immersion Corp. (IMMR), the haptic or touch technology company that won a patent licensing settlement from Apple Inc. (AAPL) last month, probably received between $50 million and $65 million based on the company's run rate of about $30 million a year and the revenue forecast for 2018, the company made in today’s earning release. Interim [...]

(Update1) RPX shares plunge after 2017 net loss, lower revenue forecast for 2018 and board reveals sale process

Shares of RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control services run by CEO Martin Roberts, tumbled as much as 18.6% on Thursday, Feb. 22, a day after the company swung to a 2017 net loss of $79.1 million, or $1.61 a share, and announced its board was conducting a process [...]

By | February 22nd, 2018|Patent Investing|0 Comments

Amazon leads all companies in retail sector in patents and technology innovation, Coresight Research says

Amazon leads all companies in the retail sector including its biggest competitor Alibaba Inc. in the number of patents it owns and the amount of money it spends on research and development, according to a report by Coresight Research. The firm, with offices in Hong Kong, London and New York,  is run by Deborah Weinswig, [...]

By | February 22nd, 2018|Patent Investing|0 Comments

(Update3) InterDigital posts 61% drop in 4th Qtr profit on lower revenue and charge related to tax cut

InterDigital Inc. (IDCC), the mobile technology and patent licensing company run by CEO Bill Merritt, posted a 61% drop in net income because of lower revenue and a $42.6 million charge to revalue the company’s net deferred tax assets due to the 2017 Tax Cut and Jobs Act, enacted in December 2017. The Wilmington, Delaware-based [...]

By | February 22nd, 2018|earnings, Patent Investing|0 Comments

(Update1) RPX swings to loss in fourth quarter and year announces board exploration of strategic alternatives

RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control services run by CEO Martin Roberts, swung to a fourth quarter net loss of $95.7 million, or $1.93 a share, and announced its board was conducting a process to explore and evaluate strategic alternatives to maximize shareholder value. San Francisco-based RPX said the [...]

By | February 21st, 2018|earnings, Patent Investing|0 Comments