Wednesday, December 18, 2013

12/18/2013 PIPCO Pre-Market News

Vringo Inc (VRNG) - ZTE announced that the India injunction was set aside.  ZTE also announced they would appeal the injunction granted in Germany yesterday.

I will have a full analysis on the Vringo v ZTE cases in the very near future that will explain the potential revenue opportunity and long term strategy for the Nokia portfolio.  Both moves by ZTE were fully expected, although I find it strange that ZTE would issue two press releases about the subject.  My gun to the head reaction is ZTE is in a position of weakness.

No other news to report.

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