(Update2) Acacia is latest patent licensing company to invest in cryptocurrency and blockchain business

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio Jr., said it invested $1 million for equity in Bitzumi Inc., a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Newport Beach, California-based Acacia is at least the second patent [...]

By | February 14th, 2018|Financing, Patent Investing|0 Comments

Xperi swings to fourth quarter 2017 profit on 80% increase in licensing revenue

Xperi Corp. (XPER), the technology licensing company run by CEO Jon Kirchner, swung to a fourth quarter net profit as revenue increased 80%. The San Jose, California-based company said its fourth quarter net income came in at $5.6 million or 11 cents a share, compared with a net loss of $9.3 million, or 19 cents [...]

By | February 13th, 2018|earnings, Patent Investing|0 Comments

Acacia swings to $110.2M 4Q 2017 loss on unrealized investment loss related to Veritone

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, posted a much wider net loss in the fourth quarter of 2017 because of a $104.04 million unrealized investment loss from its investment Veritone Inc., the artificial intelligence company. The Newport Beach, California-based company posted a fourth quarter net [...]

By | February 13th, 2018|earnings, Patent Investing|0 Comments

Finjan is close to settlement with Blue Coat’s parent Symantec

Finjan Holdings Inc. (FNJN), the cybersecurity technology and licensing company run by CEO Phil Hartstein, said it entered into a confidential term sheet on a settlement of its infringement dispute with Symantec Corp. East Palo Alto, California-based Finjan said it expects a definitive agreement to be finalized by Feb. 28. As a result of the [...]

By | February 12th, 2018|licensing agreement, litigation, Patent Investing|0 Comments

Regents of the University of Minnesota file enforcement action against Broadcom involving method for encoding data on hard disk drives

Broadcom Ltd., the technology and licensing company run by CEO Hock Tan, is facing a lawsuit brought by the regents of the University of Minnesota alleging infringement of a patent related to a method for encoding data to be written to a magnetic disk in a hard disk drive. The patent in suit is U.S. [...]

By | February 10th, 2018|litigation, Patent Investing|0 Comments

Provenance Asset Group is close to selling its first ‘slice’ of patents to a non-U.S. operating company

Provenance Asset Group LLC, the patent licensing company run by CEO Dan McCurdy, is selling its first "slice" of patents tailored to the defensive needs of a foreign operating company and is actively talking with a handful of operating companies in the U.S. “We have now prepared and are in the process of executinour first [...]

Qualcomm rejects Broadcom’s sweetened offer, suggests meeting to cure proposal’s deficiencies

Qualcomm Inc. (QCOM), the mobile technology and licensing company run by CEO Steve Mollenkopf, as expected rejected Broadcom Ltd.’s sweetened $82 a share tender offer, saying it still materially undervalues Qualcomm. The San Diego-based company said in a letter from Chairman Paul Jacobs to Broadvom CEO Hock Tan that Qualcomm’s management and board would be [...]

By | February 8th, 2018|Patent Investing|0 Comments

Xperi appoints former DTS director Molina to its board, announces salaries and bonus for two execs

Xperi Corp. (XPER), the technology licensing company run by CEO Jon Kirchner, said V. Sue Molina, CPA, was appointed to its board, effective Feb. 7. San Jose, California-based Xperi said Molina's appointment means Xperi's board has 8 members. Previously, Molina served as a board member at DTS Inc., a wholly owned subsidiary of Xperi, from [...]

By | February 8th, 2018|exec changes, Patent Investing|0 Comments

RPX to pay departing chief revenue officer Steven Swank $525K under separation agreement

RPX Corp. (RPXC), the patent risk aggregator and litigation loss control firm run by CEO Martin Roberts, said it agreed to pay outgoing Chief Revenue Officer Steven Swank $525,000 under a new separation and mutual non-disparagement agreement. San Francisco-based RPX said the agreement signed Feb. 1 calls for Swank to receive a payment of an [...]

By | February 6th, 2018|exec changes, Patent Investing|0 Comments

(Update1) Luxury brand Restoration Hardware says Target infringes four outdoor furniture design patents

Luxury home furnishings company Restoration Hardware filed a patent infringement action against Target Corp. (TGT) alleging the discount retailer infringed four of Restoration Hardware’s furniture design patents. The action was filed in U.S. District Court in the Northern District of California. Restoration Hardware is seeking injunctive relief and damages, including all of Target’s profits generated [...]

By | February 6th, 2018|litigation, Patent Investing|0 Comments