Good morning!
Last night, VHC received the final judgment in its court victory against Apple from last November. The jury award of $368M was confirmed, along with daily damages that total about another $18M+. Their request for an injunction (yes, an injunction against the iphone4 (!) amongst other products) was denied. The parties were ordered into mediation within 45 days to come up with a license for royalties – or else the judge will impose one. All in all, a clear win for VirnetX AND the trial against Cisco starts in two weeks – on the same patent suite, in front of the same judge who oversaw victories against Microsoft and Apple, and who used to be a software engineer.
Add to that this morning the USPTO reviewed and confirmed several core patents that VHC holds.
Uni-Pixel makes touchscreens and films that may represent an order of magnitude improvement in cost and flexibility for Original Equipment Manufacturers (OEMs). They have signed several agreements and licenses in the last few months (including Texas Instruments and an unnamed “major PC maker”).
The company had its 4Q12 earnings call last night and I expect good things for all of 2013 from this company. They are ramping up to production mode and have $5M in pre-orders already. Wall Street seems to be cheering them on today, with the price up 23% to the $23+ level.
Excellent news from both.
Best regards,
Trond Hildahl
--This is presented for educational and informational purposes only, and should not be construed as personalized legal, tax, investment, or financial advice. Stocks may lose value and this is not recommendation to buy or sell this particular issue.
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