Tuesday, July 22, 2014

7/22/2014 Market Wrap

News:
UPIP announced they filed a breach of contract case in Delaware against
Microsoft, stemming from their 2011 license agreement.
MARA filed a 8-A12B to register their shares on the Nasdaq. MARA closed
at a new all time high of $12.21.
Filings:
Nothing to Report
Trading Commentary:
The sector closed up a little over .5% on average volume in most names.
OTIV closed up 7% on above average volume after disclosing a $6M+ 
order.
TSRA made a new 52 week high, closing at $24.05 on double the average
volume. Yesterday coverage was initiated by Craig Hallum with a $30
price target.
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  $      0.0700 0.47%                 284,200  $                 14.88
BCYP.OB  $      0.0020 1.67%                    87,500  $              0.1220
CLGL  unch  unch  N/A   $              0.0160
COPY.OB  $   (0.0100) -3.70%                 115,500  $              0.2600
CRDS  $          0.02 0.69%                    30,000  $                   2.93
DSS     $          0.02 1.55%                 103,200  $                   1.31
EDIG.OB  $   (0.0020) -4.88%                    63,000  $              0.0390
ENIP  $   (0.0020) -9.13%                    21,900  $                 0.020
INVT (EONC)  $        (0.10) -4.88%                 165,900  $                   1.95
FNJN.OB  $        (0.38) -10.08%                    45,400  $                   3.39
IDCC  $        (0.06) -0.13%                 323,900  $                 45.90
MARA.OB  $          0.71 6.17%                    45,600  $                 12.21
MGT  $        (0.04) -5.63%                    42,100  $                   0.67
NTIP  $          0.01 0.50%                      1,000  $                   2.01
OTIV  $          0.15 7.01%                 455,800  $                   2.29
PCO   $          0.03 1.87%                    82,200  $                   1.63
PPRO  $          0.02 0.69%                    48,000  $                   2.92
PRKR  $          0.02 1.46%              1,623,900  $                   1.39
PTNT  $        (0.06) -1.92%                      5,000  $                   3.06
RMBS  $        (0.32) -2.33%              1,983,800  $                 13.44
SITO.OB  $      0.0050 1.23%                 242,500  $                 0.410
SPEX   unch  unch                 403,300  $                   1.55
STRP  $          0.01 0.10%                    82,900  $                   9.97
TIVO  $          0.12 0.89%                 924,200  $                 13.62
TSRA  $          0.47 1.99%                 680,600  $                 24.05
UPIP  $          0.03 1.42%                 137,800  $                   2.15
VHC   $          0.12 0.80%                 333,400  $                 15.09
VRNG  $          0.03 0.76%                 914,900  $                   3.31
WDDD.OB  $      0.0003 0.18%                    70,100  $              0.1653
WILN   $          0.02 0.69%                    29,000  $                   3.13

7/22/2014 Pre-Market News

Acacia (ACTG) announced they entered into a royalty bearing agreement with Tecnotree OYJ under their Saint Lawrence Communications subsidiary.

Crossroads Systems (CRDS) announced StrongBox V80 Tape Library.

Finjan (FNJN) provided a litigation update and announcing a Markman hearing will be held on August 22, 2014 in California in their litigation against Blue Coat.

Interdigital (IDCC) announced an infrastructure licensing update.  The company expects to generate $100M in cash over the next 9 years with a significant part of the market remaining unlicensed. 

On Track Innovations (OTIV) announced they have received an order worth $6.2M for cashless payment readers.

Monday, July 21, 2014

7/21/2014 Market Wrap

News:
IDCC announced they will release Q2 earnings on August 7, 2014
RMBS reported Q2 results beating estimates.  Q3 guidance came
in below expectations. Shares are down a little over 3.5% in AH trading.
Filings:
Nothing to Report
Trading Commentary:
The IP sector was mostly flat to slightly negative in conjunction with the
overall market.
ACTG closed down 5% on above average volume. The company is 
scheduled to release earnings on Thursday after the close.
TSRA closed up over 5% on above average volume after coverage was
initiated at Craig-Hallum with a buy and $30 price target.
Ticker $CHG %CHG  Volume      Closing 
Price
ACTG  $   (0.7700) -4.95%                 863,800  $                 14.81
BCYP.OB  $   (0.0035) -2.83%                    48,000  $              0.1200
CLGL  unch  unch                 320,000  $              0.0160
COPY.OB  unch  unch                 354,100  $              0.2600
CRDS  $        (0.08) -2.68%                    94,200  $                   2.91
DSS     unch  unch                 153,800  $                   1.29
EDIG.OB  $      0.0039 10.51%                    81,700  $              0.0410
ENIP  $      0.0043 24.43%                 547,100  $                 0.022
INVT (EONC)  $          0.02 0.99%                    82,200  $                   2.05
FNJN.OB  $        (0.15) -3.91%                    12,400  $                   3.77
IDCC  $        (0.47) -1.01%                 268,900  $                 45.96
MARA.OB  $        (0.20) -1.71%                      5,200  $                 11.50
MGT  $        (0.02) -2.75%                    42,500  $                   0.71
NTIP  $        (0.02) -0.99%                      5,900  $                   2.00
OTIV  $        (0.02) -0.93%                    35,600  $                   2.14
PCO   $        (0.07) -4.19%                 141,400  $                   1.60
PPRO  unch  unch  N/A   $                   2.90
PRKR  $          0.05 3.79%              1,719,300  $                   1.37
PTNT  $          0.04 1.30%                    34,000  $                   3.12
RMBS  $          0.10 0.73%              1,251,600  $                 13.76
SITO.OB  $      0.0450 12.50%                    64,200  $                 0.405
SPEX   $        (0.01) -0.64%                 234,400  $                   1.55
STRP  $          0.04 0.40%                    55,900  $                   9.96
TIVO  $          0.05 0.37%              1,017,000  $                 13.50
TSRA  $          1.29 5.79%                 976,900  $                 23.58
UPIP  unch  unch                 322,800  $                   2.12
VHC   $        (0.30) -1.96%                 439,600  $                 14.80
VRNG  $        (0.02) -0.61%              1,211,000  $                   3.28
WDDD.OB  $   (0.0115) -6.52%                    19,300  $              0.1650
WILN   unch  unch                    19,000  $                   3.11

7/21/2014 Pre-Market News

Rambus (RMBS) will release Q2 earnings after the close today.

Single Touch Systems (SITO) announced former AT&T exec Betsy Bernard joined the Board of Directors.

Tessera (TSRA) announced they will release Q2 earnings on August 4th, 2014.  Tessera was also started with a buy and $30 price target at Craig-Hallum.

The following companies will present in September at the Annual Gateway Conference in San Francisco:

ACTG, DSS, FNJN, MARA, WILN

Sunday, July 20, 2014

Total PIPCO Value 07/18/2014

Ticker  Shares   Market 
Closing Price  Outstanding   Value 
7/18/2014 7/18/2014 7/18/2014
ACTG  $               15.58       50,062,790  $     779,978,268
BCYP.OB  $             0.1235     210,636,895  $       26,013,657
CLGL  $             0.0160  3,340,000,000  $       53,440,000
COPY.OB  $             0.2600     220,392,190  $       57,301,969
CRDS  $                  2.99       15,045,049  $       44,984,697
DSS     $                  1.29       49,503,954  $       63,860,101
EDIG.OB  $             0.0371     293,328,330  $       10,882,481
ENIP  $               0.018       44,070,062  $           775,633
EONC (INVT)  $                  2.03       27,136,356  $       55,086,803
FNJN.OB  $                  3.92 22,368,453  $       87,684,336
IDCC  $               46.43 40,453,401  $  1,878,251,408
MARA.OB  $               11.70 5,489,593  $       64,228,238
MGT  $                  0.73 9,139,603  $        6,671,910
NTIP  $                  2.02       25,757,982  $       52,031,124
OTIV  $                  2.16       33,148,367  $       71,600,473
PCO   $                  1.67     265,940,686  $     444,120,946
PPRO  $                  2.90 20,741,572  $       60,150,559
PRKR  $                  1.32 96,718,039  $     127,667,811
PTNT  $                  3.08 7,751,952  $       23,876,012
RMBS  $               13.66 113,744,776  $  1,553,753,640
SITO.OB  $               0.360 142,728,628  $       51,382,306
SPEX   $                  1.56       35,858,940  $       55,939,946
STRP  $                  9.92       11,795,097  $     117,007,362
TIVO  $               13.45     120,691,616  $  1,623,302,235
TSRA  $               22.29       53,463,550  $  1,191,702,530
UPIP  $                  2.12     110,437,198  $     234,126,860
VHC   $               15.27       51,518,767  $     786,691,572
VRNG  $                  3.30       86,531,094  $     285,552,610
WDDD.OB  $             0.1765       95,004,838  $       16,768,354
WILN   $                  3.11     120,260,260  $     374,009,409
 Total =   $10,198,843,249
7/11/2014  $10,253,697,516
 Weekly Change   $      (54,854,267)