| Ticker | $CHG | %CHG | Volume | Closing Price |
| ACTG | $ 0.46 | 3.10% | 563,300 | $ 15.28 |
| BCYP.OB | unch | unch | 900,700 | $ 0.130 |
| COPY.OB | unch | unch | 174,100 | $ 0.300 |
| CRDS | $ (0.08) | -3.21% | 87,500 | $ 2.41 |
| DSS | $ (0.08) | -5.88% | 525,500 | $ 1.28 |
| EDIG.OB | $ 0.0110 | 18.97% | 290,400 | $ 0.0690 |
| ENIP | $ (0.0090) | -9.00% | 47,500 | $ 0.091 |
| EONC | $ 0.26 | 5.42% | 84,800 | $ 5.06 |
| FNJN.OB | $ (0.23) | -3.36% | 1,400 | $ 6.47 |
| IDCC | $ 0.59 | 1.81% | 386,400 | $ 33.11 |
| MARA.OB | $ (0.20) | -2.90% | 27,700 | $ 6.70 |
| MGT | $ (0.08) | -4.19% | 33,000 | $ 1.83 |
| NTIP | $ (0.03) | -1.83% | 17,300 | $ 1.61 |
| OTIV | $ (0.07) | -2.65% | 229,400 | $ 2.57 |
| PCO | $ 0.08 | 4.57% | 380,800 | $ 1.83 |
| PPRO | $ (0.05) | -1.25% | 8,100 | $ 3.95 |
| PRKR | $ 0.19 | 4.12% | 490,600 | $ 4.80 |
| PTNT | unch | unch | 62,700 | $ 3.30 |
| RMBS | $ 0.02 | 0.19% | 874,000 | $ 10.75 |
| SITO.OB | $ (0.0050) | -1.25% | 10,000 | $ 0.395 |
| SPEX | $ (0.01) | -0.33% | 372,700 | $ 2.99 |
| STRP | $ 0.05 | 0.68% | 38,100 | $ 7.36 |
| TIVO | $ 0.28 | 2.16% | 1,817,200 | $ 13.23 |
| TSRA | $ 0.34 | 1.46% | 458,600 | $ 23.63 |
| UPIP | $ 0.08 | 3.83% | 2,285,800 | $ 2.17 |
| VHC | $ 0.28 | 2.01% | 851,800 | $ 14.18 |
| VRNG | $ (0.04) | -1.14% | 963,800 | $ 3.47 |
| WDDD.OB | $ (0.0060) | -3.70% | 93,700 | $ 0.1560 |
| WILN | $ 0.08 | 2.76% | 171,500 | $ 2.98 |
| News: | ||||
| Nothing to Report | ||||
| Filings: | ||||
| Blue Calypso (BCYP) Filed their Annual Report Form 10K | ||||
| Crossroads Systems (CRDS) entered into a private placement for with accredited | ||||
| investors. Sold 1.8M shares at $2.25 + 1/2 of a warrant at $2.46 | ||||
| Patent Properties (PPRO) Filed their Annual Report Form 10K | ||||
| Spherix (SPEX) Filed their Annual Report Form 10K | ||||
Monday, March 31, 2014
03/31/2014 Market Wrap
3/31/2014 PIPCO Pre-Market News
Acacia (ACTG) announced two patent licenses and settlements this morning. Their Light Transformation Technologies subsidiary licensed with Feit Electric Company. Their Unified Messaging Solutions subsidiary licensed with PNC Bank.
http://finance.yahoo.com/news/acacia-subsidiary-enters-settlement-patent-100000093.html
http://finance.yahoo.com/news/acacia-subsidiary-enters-settlement-patent-100100041.html
CopyTele (COPY) announced their subsidiary J-Channel Industries has entered into a patent license and settlement with MI Windows and Doors LLC.
http://finance.yahoo.com/news/copytele-subsidiary-enters-license-settlement-110000740.html
Marathon Patent Group (MARA) filed their 2013 Annual Report Form 10K.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9888728-1063-374113&type=sect&TabIndex=2&companyid=843519&ppu=%252fdefault.aspx%253fcik%253d1507605
http://finance.yahoo.com/news/marathon-patent-group-reports-2013-123000604.html
Patent Properties (PPRO) announced 4th Quarter 2013 results.
http://finance.yahoo.com/news/patent-properties-announces-fourth-quarter-100000959.html
Spherix (SPEX) provided a corporate update of events.
http://finance.yahoo.com/news/spherix-issues-corporate-standard-essential-100000593.html
Virnetx (VHC) received a ruling that their motion for retrial was denied in their case against Cisco.
https://docs.google.com/file/d/0ByitYfKUVZwGVWloRnUyaUpsSXc/edit
http://finance.yahoo.com/news/acacia-subsidiary-enters-settlement-patent-100000093.html
http://finance.yahoo.com/news/acacia-subsidiary-enters-settlement-patent-100100041.html
CopyTele (COPY) announced their subsidiary J-Channel Industries has entered into a patent license and settlement with MI Windows and Doors LLC.
http://finance.yahoo.com/news/copytele-subsidiary-enters-license-settlement-110000740.html
Marathon Patent Group (MARA) filed their 2013 Annual Report Form 10K.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9888728-1063-374113&type=sect&TabIndex=2&companyid=843519&ppu=%252fdefault.aspx%253fcik%253d1507605
http://finance.yahoo.com/news/marathon-patent-group-reports-2013-123000604.html
Patent Properties (PPRO) announced 4th Quarter 2013 results.
http://finance.yahoo.com/news/patent-properties-announces-fourth-quarter-100000959.html
Spherix (SPEX) provided a corporate update of events.
http://finance.yahoo.com/news/spherix-issues-corporate-standard-essential-100000593.html
Virnetx (VHC) received a ruling that their motion for retrial was denied in their case against Cisco.
https://docs.google.com/file/d/0ByitYfKUVZwGVWloRnUyaUpsSXc/edit
Saturday, March 29, 2014
Virnetx Model 3/29/2014
| Revenues | 2014 | 2015 | 2016 | |
| 2012 Jury Verdict | $ 368,000,000 | |||
| 11/06/2013 - 2/26/2013 Supp Damages | $ 36,960,000 | |||
| 3/1/2013-12/31/2013 Royalty Owed | $ 284,417,027 | |||
| 1/1/2014-12/31/2014 Royalty Owed | $ 358,365,453 | |||
| Assuming Y/Y 5% growth | ||||
| 2015 Royalty Owed | $ 376,283,725 | |||
| 2016 Royalty Owed | $ 395,097,911 | |||
| Total | $ 1,047,742,479 | $ 376,283,725 | $ 395,097,911 | |
| Expenses: | ||||
| 25% portion owed to SAIC | $ 93,140,800.00 | $ - | $ - | |
| 8% owed to McKool Smith / CCC | $ 32,396,800.00 | $ - | $ - | |
| Virnetx Expenses | $ 20,000,000.00 | $ 20,000,000.00 | $ 20,000,000.00 | |
| Total | $ 145,537,600.00 | $ 20,000,000.00 | $ 20,000,000.00 | |
| Income Before Taxes | $ 902,204,879.22 | $ 356,283,725.18 | $ 375,097,911.44 | |
| Taxes 35% | $ 315,771,707.73 | $ 124,699,303.81 | $ 131,284,269.00 | |
| Net Income | $ 586,433,171.49 | $ 231,584,421.37 | $ 243,813,642.43 | |
| Fully Diluted Shares Outstanding 55,000,0000 | ||||
| EPS | $ 10.66 | $ 4.21 | $ 4.43 | |
| Assumptions: | ||||
| The royalty base is affirmed at the CAFC, en banc is denied, and USSC is not heard. | ||||
| Apple does not develop a workaround for VPNoD and Facetime. | ||||
| Does not include any damages from the Fall 2015 Trial. | ||||
| Does not include any further licensing from non-defendants. | ||||
| Does not include any Microsoft damages or license. | ||||
| Does not include any revenues from a Cisco retrial or license. | ||||
| A payment for the jury verdict / supplemental damages would be received in late 2014 or | ||||
| sometime in 2015. Timing adjustments might be needed. | ||||
| Does not include any interest owed by Apple. | ||||
| Assumes SAIC and MS/CCC owed portion only covers the jury verdict and final judgment | ||||
| through 2/26/2013. Ongoing royalties are not covered in their respective agreements. | ||||
W/E March 28th 2014 PIPCO Performance
| Ticker | 3/21/2014 | 3/28/2014 | ||
| Closing Price | Closing Price | $ Change | % Change | |
| ACTG | $ 16.15 | $ 14.82 | $ (1.330) | -8.24% |
| $ - | ||||
| BCYP.OB | $ 0.130 | $ 0.130 | $ - | 0.00% |
| $ - | ||||
| COPY.OB | $ 0.280 | $ 0.300 | $ 0.020 | 7.14% |
| $ - | ||||
| CRDS | $ 2.57 | $ 2.49 | $ (0.080) | -3.11% |
| $ - | ||||
| DSS | $ 1.47 | $ 1.36 | $ (0.110) | -7.48% |
| $ - | ||||
| EDIG.OB | $ 0.0600 | $ 0.0580 | $ (0.002) | -3.33% |
| $ - | ||||
| ENIP | $ 0.124 | $ 0.100 | $ (0.024) | -19.35% |
| $ - | ||||
| EONC | $ 5.97 | $ 4.80 | $ (1.170) | -19.60% |
| $ - | ||||
| FNJN.OB | $ 7.10 | $ 6.70 | $ (0.400) | -5.63% |
| $ - | ||||
| IDCC | $ 31.94 | $ 32.52 | $ 0.580 | 1.82% |
| $ - | ||||
| MARA.OB | $ 6.94 | $ 6.90 | $ (0.040) | -0.58% |
| $ - | ||||
| MGT | $ 2.11 | $ 1.91 | $ (0.200) | -9.48% |
| $ - | ||||
| NTIP | $ 1.77 | $ 1.64 | $ (0.130) | -7.34% |
| $ - | ||||
| OTIV | $ 2.99 | $ 2.64 | $ (0.350) | -11.71% |
| $ - | ||||
| PCO | $ 1.77 | $ 1.75 | $ (0.020) | -1.13% |
| $ - | ||||
| PPRO | $ 4.00 | $ 4.00 | $ - | 0.00% |
| $ - | ||||
| PRKR | $ 5.04 | $ 4.61 | $ (0.430) | -8.53% |
| $ - | ||||
| PTNT | $ 3.35 | $ 3.30 | $ (0.050) | -1.49% |
| $ - | ||||
| RMBS | $ 10.30 | $ 10.73 | $ 0.430 | 4.17% |
| $ - | ||||
| SITO.OB | $ 0.400 | $ 0.400 | $ - | 0.00% |
| $ - | ||||
| SPEX | $ 4.37 | $ 3.00 | $ (1.370) | -31.35% |
| $ - | ||||
| STRP | $ 7.36 | $ 7.31 | $ (0.050) | -0.68% |
| $ - | ||||
| TIVO | $ 13.14 | $ 12.95 | $ (0.190) | -1.45% |
| $ - | ||||
| TSRA | $ 23.27 | $ 23.29 | $ 0.020 | 0.09% |
| $ - | ||||
| UPIP | $ 1.94 | $ 2.09 | $ 0.150 | 7.73% |
| $ - | ||||
| VHC | $ 14.14 | $ 13.90 | $ (0.240) | -1.70% |
| $ - | ||||
| VRNG | $ 3.72 | $ 3.51 | $ (0.210) | -5.65% |
| $ - | ||||
| WDDD.OB | $ 0.1650 | $ 0.1620 | $ (0.003) | -1.82% |
| $ - | ||||
| WILN | $ 3.04 | $ 2.90 | $ (0.140) | -4.61% |
03/28/2014 Market Wrap
| Ticker | $CHG | %CHG | Volume | Closing Price |
| ACTG | $ 0.10 | 0.68% | 263,500 | $ 14.82 |
| BCYP.OB | unch | unch | 316,400 | $ 0.130 |
| COPY.OB | $ 0.010 | 3.45% | 218,800 | $ 0.300 |
| CRDS | $ (0.02) | -0.80% | 90,800 | $ 2.49 |
| DSS | $ 0.03 | 2.26% | 368,600 | $ 1.36 |
| EDIG.OB | $ 0.0038 | 7.01% | 56,240 | $ 0.0580 |
| ENIP | $ 0.0100 | 11.11% | 293,800 | $ 0.100 |
| EONC | $ 0.07 | 1.48% | 41,100 | $ 4.80 |
| FNJN.OB | $ 0.15 | 2.29% | 9,000 | $ 6.70 |
| IDCC | $ 0.50 | 1.56% | 388,700 | $ 32.52 |
| MARA.OB | $ 0.20 | 2.99% | 5,800 | $ 6.90 |
| MGT | $ (0.04) | -2.05% | 67,100 | $ 1.91 |
| NTIP | $ 0.03 | 1.86% | 54,700 | $ 1.64 |
| OTIV | $ (0.03) | 1.12% | 387,900 | $ 2.64 |
| PCO | $ 0.03 | 1.74% | 249,100 | $ 1.75 |
| PPRO | unch | unch | 96,100 | $ 4.00 |
| PRKR | $ (0.12) | -2.54% | 794,000 | $ 4.61 |
| PTNT | $ 0.10 | 3.12% | 98,500 | $ 3.30 |
| RMBS | $ 0.04 | 0.37% | 1,037,900 | $ 10.73 |
| SITO.OB | $ 0.4000 | unch | 89,700 | $ 0.400 |
| SPEX | $ (0.43) | -12.54% | 1,310,600 | $ 3.00 |
| STRP | $ (0.19) | -2.53% | 34,700 | $ 7.31 |
| TIVO | $ 0.01 | 0.08% | 1,269,700 | $ 12.95 |
| TSRA | $ 0.14 | 0.60% | 491,500 | $ 23.29 |
| UPIP | $ (0.03) | -1.42% | 2,134,700 | $ 2.09 |
| VHC | $ 0.53 | 3.96% | 727,600 | $ 13.90 |
| VRNG | $ 0.12 | 3.54% | 1,257,100 | $ 3.51 |
| WDDD.OB | $ 0.0120 | 8.00% | 269,600 | $ 0.1620 |
| WILN | $ (0.02) | -0.68% | 38,800 | $ 2.90 |
| News: | ||||
| Unwired Planet (UPIP) announced two board members resigned. | ||||
| Filings: | ||||
| MGT Capital Investments (MGT) filed their 2013 Annual Report Form 10K | ||||
Subscribe to:
Posts (Atom)