Vringo Wins in Patent Settlement (VRNG, GOOG, AOL, TGT, GCI)

Investing

Published: August 6, 2012 10:36 am

Last Updated: April 28, 2020 9:23 am

Vringo Inc. (NYSEMKT: VRNG) is the latest company to surge on patent news. We have seen news that the video ringtone company has reached a settlement with AOL Inc. (NYSE: AOL), and this is only one of the patent suits that Vringo has against some of the big names in technology. Via a prior acquisition, Vringo is suing other large web companies such as Google Inc. (NASDAQ: GOOG), Gannett Co. (NYSE: GCI), Target Corp. (NYSE: TGT) and others. That company had purchased eight patents from Lycos and the main target is actually Google in the case, with the other companies mentioned as being Google customers.

Vringo shares have seen a massive volume spike this morning. We have seen some 2 million shares trade hands and the gain is 15% to $3.58. Vringo has a market cap of only about $18 million, and its 52-week range is $0.68 to $5.45. As a reminder, these microcap names can be very volatile and can move sometimes without news.

JON C. OGG

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.