DSS posts wider 1st Qtr loss as lower revenue from printed products eroded slightly higher tech and licensing revenue

Document Security Systems Inc. (DSS), the printed products technology and patent licensing company run by CEO Jeff Ronaldi, on Tuesday, May 15, posted a wider net loss in the first quarter of 2018 driven by lower than expected revenue and higher costs. Rochester, New York-based DSS posted a net loss of $406,000, or 2 cents [...]

By | May 16th, 2018|earnings, Patent Investing|0 Comments

Activists Sidus, BLR launch formal campaign to rescue Acacia from management

Activist investors Sidus Investment Management and BLR Partners LP escalated their proxy battle to oust Acacia Research Corp. (ACTG) Executive Chairman G. Louis Graziadio III and director Frank Walsh with the launch of a formal campaign to rescue the struggling patent monetizer from “massive value destruction and abysmal corporate governance." The campaign even has its [...]

By | May 15th, 2018|Patent Investing|0 Comments

ParkerVision posts slightly narrower 1st Qtr 2018 loss on cost cutting

ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeff Parker, posted a narrower net loss in the first quarter of 2018 as it slashed research and development and cut cost. The Jacksonville, Florida-based company posted a first quarter net loss of $4.29 million, or 19 cents a share, versus $4.8 million, or 32 [...]

By | May 15th, 2018|earnings, Patent Investing|0 Comments

(Update1) Acacia defends embattled executive chairman, saying activist investors don’t understand his plan

Acacia Research Corp. (ACTG) defended its embattled Executive Chairman G. Louis Graziadio III from a plan by two hedge funds to replace the defacto CEO and another director Frank Walsh, saying it would be a mistake to oust them while they are leading the company’s transformation. Newport Beach, California-based Acacia said Sidus Investment Management and [...]

By | May 14th, 2018|Patent Investing|0 Comments

Activists say Acacia should return capital to shareholders sell off patent portfolio

The activist argument for why Acacia Research Corp. (ACTG) should oust Executive Chairman G. Louis Graziadio III, return capital to shareholders and sell off its patents, made by Sidus Investment Management and BLR Partners LP, is really quite simple. While Newport Beach, California-based Acacia calls itself an industry leader in patent licensing and brags that [...]

By | May 12th, 2018|Patent Investing|0 Comments

TiVo posts narrower first quarter 2018 loss on higher core revenue, cost cuts

TiVo Corp. (TIVO), the technology and patent licensing company run by CEO Enrique Rodriguez, posted a narrower first quarter 2018 net loss on higher core revenue from products and licensing and lower costs. The San Jose, California-based company, which is considering its strategic option to increase shareholder value, said its first quarter net loss fell [...]

By | May 11th, 2018|earnings, Patent Investing|0 Comments

Immersion agrees to nominate independent director Ken Traub in settlement with Viex Capital

Immersion Corp. (IMMR), the developer and licensor of haptic touch feedback technology, said it nominated Kenneth Traub, managing partner of Raging Capital Management to its board as an independent director as part of a  cooperation agreement with VIEX Capital Advisors LLC and its affiliates. VIEX and its affiliates beneficially own about 7.7% of Immersion's outstanding [...]

By | May 11th, 2018|Patent Investing|0 Comments

VirnetX says its first quarter 2018 loss widened on higher expenses, lower revenue

VirnetX Holding Corp. (VHC), the patent licensing company that is fighting an appeal of a $502.6 million infringement award against Apple, posted a wider first quarter net loss on higher expenses and lower revenue. The Zephyr Cove, Nevada-based company said its first quarter net loss widened to $7.6 million, or 13 cents a share, from [...]

By | May 10th, 2018|earnings, Patent Investing|0 Comments

(Update1) Immersion rides record first quarter 2018 revenue to profit of $69.9M in first quarter

Immersion Corp. (IMMR), the haptic or touch technology licensing company run by interim CEO Carl Schlachte, swung to a first quarter 2018 profit of $69.9 million or $2.29 a share, on the strength of record revenue from licensing deals. The San Jose, California-based company, which recently won a settlement from Apple believed to be worth [...]

By | May 10th, 2018|earnings, Patent Investing|0 Comments

AST acquires streaming patent portfolios from former Napster, Intertainer

Allied Security Trust, the provider of patent risk mitigation solutions run by CEO Russell Binns, said it has acquired, on behalf of its members, two streaming multimedia patent portfolios from Rhapsody, formerly Napster, and Intertainer, a patent holding company, for undisclosed amounts. Princeton, N.J.-based AST said the patents are now available on the open market [...]

By | May 10th, 2018|Patent Investing, Patent sale|0 Comments