Rob Stewart, former president of Acacia, reduces his stake by 46,143 shares

Rob Stewart, the former president of Acacia Research Corp. (ACTG), raised about $166,567 from the Sept. 7 sale of 46,143 shares of Acacia for $3.6098 a share. The sales leave Stewart with 52,500 shares of Acacia. Stewart resigned from Acacia after shareholders ousted former Executive Chairman G. Louis Graziadio III and another director, voting in [...]

By | September 10th, 2018|exec changes, Patent Investing|0 Comments

TiVo’s Courtney Quish is joining the IP finance group of Fortress Investment Group

Courtney Quish is joining the intellectual property finance group of Fortress Investment Group, two people familiar with the matter said. Quish on Friday, Aug. 17 stepped down from her position as vice president strategy (M&A) at Rovi Corp., a unit of TiVo Corp. She couldn't be reached for comment. Officials from Fortress declined to comment. [...]

By | August 23rd, 2018|exec changes, Patent Investing|0 Comments

(Update1) ParkerVision to lay off 30 employees, cut salaries of top executives

ParkerVision, Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, said it is eliminating 30 jobs and reducing the salary of top executives in an effort to generate up to $8 million in annualized cost savings. The Jacksonville, Florida-based company said it has been evaluating its overall business strategy in light of its [...]

By | August 23rd, 2018|exec changes, Patent Investing|0 Comments

(Update1) Immersion names former Xperi CEO Tom Lacey as interim CEO and director

Immersion Corp. (IMMR), the haptics or touch technology and licensing company, said Tom Lacey was appointed interim chief executive officer and director, replacing Carl Schlachte, who is resigning. The San Jose, California company also said lead independent director Sharon Holt has been named chairman. Lacey previously was CEO of Xperi Corp.(XPER) and its predecessor Tessera [...]

By | August 23rd, 2018|exec changes, Patent Investing, Uncategorized|0 Comments

Acacia’s Chief IP Officer Booth acquires 10,000 shares is confident he can overhaul licensing business

Marc Booth, the newly appointed chief intellectual property officer of Acacia Research Corp. (ACTG), acquired 10,000 shares of Acacia at a price of $3.9015 or $39,015, because he has confidence he can overhaul the company's patent licensing business. The acquisition was disclosed in a Form 4 filing with the Securities and Exchange Commission. "I have [...]

By | August 22nd, 2018|exec changes, Patent Investing|0 Comments

(Update1) TiVo posts wider 2nd-Qtr loss, says ongoing strategic review has eliminated acquisitions as way to grow

TiVo Corp. (TIVO), the entertainment technology and patent licensing company run by interim CEO Raghu Rau, posted a much wider net loss in the second quarter of 2018 on lower revenue from licensing services and software and hardware. The San Jose, California-based company also provided preliminary results of its strategic review conducted by LionTree Advisors, [...]

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

(Update3) Acacia posts wider second quarter loss and departure of officers and directors

Acacia Research Corp. (ACTG), the patent licensing company that is going through a leadership change after a proxy battle that unseated former Executive Chairman G. Louis Graziadio III, posted a much wider second quarter net loss because of $29.2 million impairment charge. The Newport Beach, California-based company also said that Marc Booth, a former executive [...]

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

(Update2)Two Acacia directors resign after clash with newly installed activist directors

Acacia Research Corp. (ACTG), the patent licensing company run by President Rob Stewart, said directors William S. Anderson and Paul Falzone have resigned from the board in the first sign that two newly installed activist directors Al Tobia Jr. and Clifford Press are influencing the corporate strategy of the struggling company. Newport Beach, California-based Acacia [...]

By | August 1st, 2018|exec changes, Patent Investing, Uncategorized|0 Comments

U.S. patent licensing companies are facing a dearth of leadership as CEOs retire or are ousted

The U.S. patent licensing business is experiencing a vacuum of leadership as a raft of chief executives, dispirited and exhausted from their Sysiphean efforts, quit for better opportunities or are forced out by bitterly disappointed boards and shareholders. In the past month, Rambus Inc. (RMBS) ousted its long time CEO Dr. Ron Black in a [...]

By | July 17th, 2018|exec changes, NPE, Patent Investing|0 Comments

InterDigital CEO Merritt gets a 6% raise after year in which he acquired Technicolor’s patent licensing business

InterDigital Inc. (IDCC) CEO William Merritt received a 6% increase in salary from the board effective July 1 after a year in which the technology and licensing company executed on the $150 million acquisition of Technicolor SA’s patent licensing business to stem a decline in revenue and earnings. The Wilmington, Delaware-based company said the board [...]

By | July 10th, 2018|exec changes, Patent Investing, Uncategorized|0 Comments