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.