Finjan to buy back up to $10 million of its share in new repurchase program

Finjan Holdings Inc. (FNJN), the cyber technology and licensing company run by CEO Phil Hartstein, said its board has authorized a $10 million share repurchase program. East Palo Alto, California-based Finjan said that it may, but is not obligated to, repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions from [...]

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

Quarterhill’s first quarter 2018 net loss widens on lower licensing revenue higher costs

Quarterhill Inc. (QRTH), the patent licensing and diversified holding company run by CEO Doug Parker, swung to wider first quarter 2018 net loss on lower revenue from its WiLAN Inc. patent licensing business and seasonally lower revenue at its IRD and Vizya units. Shares of Quarterhill fell 6.77% or 10 cents to $1.445 in late [...]

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

Adiona IP enforces two patents once owned by Cypress and Philips against TiVo

Adiona IP LLC, a Plano, Texas-based non-practicing entity, filed an enforcement action against TiVo Corp., the entertainment media technology and licensing company, for infringement of two patents. The patents in suit are U.S. Patent No. 7,194,520, entitled "Content Player for Broadcasting to Information Appliances," and U.S. Patent No.  6,580,871, entitled "Device and Method for Recording an Information [...]

By | May 4th, 2018|litigation, NPE, Patent Investing|0 Comments

Finjan files enforcement action against Check Point after licensing discussions fail

Finjan Holdings Inc. (FNJN), the cyber technology and patent licensing company run by CEO Phil Hartstein, said it filed a patent infringement lawsuit against Check Point Software Technologies Inc. (CHKP) and Check Point software Technologies Ltd. East Palo Alto, California-based Finjan said it filed the complaint against Check Point in the U.S. District Court for [...]

By | May 4th, 2018|litigation, Patent Investing|0 Comments

Qualcomm expects SEP-only license developed in China will play well elsewhere

Qualcomm Inc. (QCOM), the technology and patent licensing company run by CEO Steve Mollenkopf, is trying to apply a successful standard essential patent licensing program developed for China to other markets, though at least one rival InterDigital Inc. (IDCC) is skeptical it will work. San Diego-based Qualcomm introduced the program in 2015 in an effort [...]

By | May 3rd, 2018|Patent Investing|0 Comments

Xperi’s first quarter 2018 net loss almost triples on lower tax benefit

Xperi Corp. (XPER), the technology and patent licensing company run by CEO Jon Kirchner, said its first quarter net loss almost tripled to $33 million, or 67 cents a share, as revenue declined and it received a much lower benefit from income taxes. San Jose, California-based Xperi said its first quarter net loss compared with [...]

By | May 3rd, 2018|earnings, Patent Investing|0 Comments

Mangrove Partners plan for extracting $800M in cash from RPX hasn’t panned out

The $10.50 a share or $555 million price middle market private equity firm HGGC is paying for RPX Corp.(RPXC), the struggling patent aggregator run by CEO Martin Roberts, is ironically even lower than the price the stock was trading at on March 17, 2016. That’s the same day activist investor Nathaniel August’s Mangrove Partners argued [...]

By | May 3rd, 2018|Patent Investing|0 Comments

TiVo renews multi-year patent license with TV manufacturer VIZIO for undisclosed amount

TiVo Corp. (TIVO), the entertainment technology and patent licensing company run by CEO Enrique Rodriguez, said it has renewed its patent license agreement with leading TV manufacturer VIZIO for an undisclosed amount. San Jose, California-based TiVo said the multi-year license renewal extends VIZIO's use of TiVo's patent portfolios for the company's products. "TiVo's intellectual property [...]

By | May 2nd, 2018|licensing agreement, Patent Investing|0 Comments

Acacia swings to much wider first quarter loss on unrealized loss on Veritone investment

Acacia Research Corp. (ACTG), the patent licensing company that is fighting a proxy battle with Sidus Investment Management and BLR Partners over risky investments in technology startups, swung to a much bigger first quarter 2018 net loss because of an unrealized loss on an investment in Veritone Inc. (VERI), the artificial intelligence based advertising platform. [...]

By | May 2nd, 2018|earnings, Patent Investing|0 Comments

(Update8) Private equity firm HGGC to acquire RPX for $555M, RPX posts decline in first quarter earnings

HGGC, a middle market private equity firm run by CEO Rich Lawson, agreed to acquire RPX Corp. (RPXC), the patent aggregator run by CEO Martin Roberts, for a price of $10.50 a share or about $555 million. Palo Alto, California-based HGGC has $4.3 billion in capital commitment and since 2007 has completed more than 90 [...]

By | May 1st, 2018|earnings, Patent Investing|0 Comments