Vringo, Inc. (VRNG) vs. Microsoft Corporation (MSFT): Another Courtroom Victory?

Page 1 of 2

It was only a matter of time before Vringo, Inc. (NYSEMKT:VRNG)‘s subsidiary, I/P Engine, would go after Microsoft Corporation (NASDAQ:MSFT). Vringo brought a lawsuit against Google Inc (NASDAQ:GOOG) and others last year for patent infringements on its search engine advertising system — and won. Now it’s taking the same fight to Microsoft and investors are hoping to benefit from another courtroom victory.

Microsoft Corporation (NASDAQ:MSFT)When at first you succeed, try try again
I/P Engine successfully won its suit against Google, AOL, Inc. (NYSE:AOL) and others this past November and received about $30 million in damages and will receive running royalties of about 3.5% until 2016. The lawsuit focused on a handful of patents owned by Vringo, created by its now Chief Technology Officer Ken Lang. Since Vringo’s patents were upheld in that suit, the company can pursue Microsoft and other companies using the same patent infringement claims.

The new lawsuit focuses on two specific patents, which were filed in 2001, that explain an online search advertising system that is used by many tech companies. According to the official complaint, I/P Engine alleges that Microsoft’s Bing Ads system infringes on the two patents and I/P is entitled to damages.

What to expect when you’re suing
I/P Engine didn’t state specifically in the suit how much it’s asking for from Microsoft, so it could be a while before investors know how much Vringo could make if it wins the suit. But whatever the final number turns out to be, investors would be smart to remember that Vringo only received a fraction of what it was seeking in its November lawsuit.

Vringo’s stock is completely dependent on lawsuits like this, considering the company is hardly focusing on any other products or services. Investors should expect Vringo’s stock to remain volatile depending on news of the suit and the final verdict. Vringo was up 200% in 2012, and is up about 8% since the beginning of January.

Whether the company wins or loses against Microsoft, don’t expect this to be the last of Vringo’s lawsuits against tech companies. Vringo spent $22 million to buy patents from Nokia Corporation (NYSE:NOK) back in August, and given its win against Google in November, the company is likely to use those patents to go after companies like Yahoo! Inc. (NASDAQ:YHOO) as well.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!