Marathon agrees to pay $2.15M to settle patent purchase dispute with Symantec

Marathon Patent Group Inc. (MARA), the former patent licensing company that was forced to turn over its most valuable patents to a unit of Fortress Investment Group to satisfy a default on $15 million in debt, said it agreed to pay Symantec Corp. $2.15 million to settle a dispute over the alleged breach of a [...]

By | July 31st, 2018|litigation, Patent Investing|0 Comments

VirnetX files new shelf to replace expiring one and provide ability to raise up to $100m

VirnetX Holding Corp. (VHC), the technology and patent licensing company run by CEO Kendall Larsen, said it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to replace one that expires on September 2. Zephyr Cove, Nevada-based VirnetX said that as of July 17, it has raised about $40 [...]

By | July 30th, 2018|Financing, Patent Investing|0 Comments

Aspire Capital agrees to invest $2M in ParkerVision to expand Milo Wifi product sales

ParkerVision Corp., the patent licensing company run by CEO Jeffrey Parker, said it has entered into a $2 million securities purchase agreement with Aspire Capital Fund LLC, the hedge fund firm run by Steven Martin. The Jacksonville, Florida company said under the July 26, 2018 agreement it has received $975,000 and expects to receive the [...]

By | July 30th, 2018|Financing, Patent Investing|0 Comments

Rambus posts 2nd Qtr net loss as expenses outpaced record licensing deals

Rambus Inc. (RMBS), the technology and licensing company run by interim CEO Luc Seraphin, swung to a second quarter 2018 net loss of $15.4 million, or 14 cents a share, as expenses outpaced what the company said was “record" licensing deals. Sunnyvale, California-based Rambus’ second quarter results compared with second quarter 2017 net income of [...]

By | July 30th, 2018|earnings, Patent Investing|0 Comments

(Update1) Intellectual Ventures may be facing second termination of complaint against BMW and other car companies at US ITC

Intellectual Ventures may need to sign a license with one of the companies it has filed a patent infringement complaint against at the U.S. International Trade Commission in order to meet the domestic industry threshold necessary to support its case. Bellevue, Washington-based Intellectual Ventures filed its complaint at the ITC against BMW, Honda, Toyota and [...]

By | July 27th, 2018|litigation, Patent Investing, US ITC|0 Comments

(Update2) Jury awards IBM $82.5M in damages against Groupon in patent dispute

A jury in U.S. District Court in Wilmington, Delaware found that Group0n infringed four IBM Corp. web patents and awarded the computer giant damages of $82.5 million. The jury also found that Groupon's infringement of the four patents was willful, meaning that the judge could triple the damages awarded. The patents in suit were U.S. Patent [...]

By | July 27th, 2018|litigation, NPE, Patent Investing|0 Comments

The great shake out in patent monetization is coming in next 12 to 18 months

The patent licensing industry is experiencing a great shake out and is likely to shrink significantly over the next 12 to 18 months as companies looking for a new strategy to boost revenue and profits with little hope of success go out of business. That’s because patent values have been beaten down by the six [...]

By | July 27th, 2018|NPE, Patent Investing, Patent Reform, Patent sale|0 Comments

Qualcomm terminates tender offer for NXP, announces $30B share buyback

Qualcomm Inc. (QCOM), the mobile technology and licensing company run by CEO Steve Mollenkopf, said it terminated its tender offer for NXP Semiconductors N.V. (NXPI) and will pay a termination fee of $2 billion to NXP on July 26. The San Diego, California-based company said its board also authorized a stock repurchase program of $30 [...]

By | July 26th, 2018|Patent Investing|0 Comments

RPX study finds that juries favor plaintiffs 60% of the time nationally but only 50% of the time in Eastern District of Texas

A review of jury verdicts in patent infringement cases since 2013 revealed that nationally plaintiffs win 60% of the time, according to a study by RPX Corp., the patent aggregator and patent litigation loss control company. Among the three most active districts, the District of Delaware and the Northern District of California closely tracked the [...]

By | July 25th, 2018|litigation, NPE, Patent Investing|0 Comments

(Update1) Qualcomm posts 33% increase in fiscal 3Q profit, expects to end NXP tender offer and announce $30B share buyback

Qualcomm Inc. (QCOM), the mobile technology and licensing company run by CEO Steve Mollenkopf, posted a 33% increase in fiscal third quarter 2018 earnings helped by a $500 million partial payment from a licensee that is disputing what it owes while the two sides negotiate. In other news, San Diego, California-based Qualcomm said it intends [...]

By | July 25th, 2018|earnings, Patent Investing|0 Comments