Monday, January 6, 2014

1/6/2014 PIPCO Pre-Market News

Acacia (ACTG) announced they have entered into an agreement with Smith & Nephew Inc.

Crossroads (CRDS) filed an S-8 to register 250,000 shares as part of their 2010 Equity Incentive Plan

Inventergy Inc (EONC) announced they acquired 500 patents from Panasonic Corp related to 3G and 4G technologies.

On Track Innovations (OTIV) announced they appointed Dimitrios Angelis as CEO of OTI America and Jerry Ivy to the board of directors.

Rambus (RMBS) signed a 10 year licensing agreement with Samsung.  The first 5 years will pay a fixed quarterly royalty of $15M.  The remaining 5 years are variable and will adjust to market related conditions.

Vringo (VRNG) announced that supplemental damages and interest was ruled on in Virginia in their case against Google.  The total was $17.32M.  It also confirmed the 20.9% revenue base.  I will have a full analysis later today.

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