Vringo, Inc.(NYSEAMEX:VRNG) shares are having
another volatile session and the stock slumped 10% after the news that the
company has won the Jury’s decision on its patent case against big companies
including AOL and Google Inc(NASDAQ:GOOG).
The company would get $30 million in damages and
also allowed to get a royalty on Google search ad revenue through 2016, when
Vringo's patent expires - some reports indicate the royalty rate is 3.5%.
Google will almost certainly appeal.
Considering the stock movement, seems like investors
are unhappy with the amount company has been awarded. The company was expecting
$500 million in damages, however last week, a Judge
said that VRNG can claim for damages since the date it filed the case i.e from
September 15, 2011.
Jive Software Inc (NASDAQ:JIVE) shares rose after
its revenue and net loss for the third quarter beat Street estimates. Also, the projected revenue for the fourth
quarter was in line with analysts’ expectations, although the company sees
greater losses than the Street expects.
Revenue for the third quarter rose 39 percent to
$28.9 million yielding a net loss of 9 cents a share. As for analysts’ calculations, the company
should have earned a net loss of 11 cents a share on revenue of $28.8 million.
The company’s non-GAAP billings rose 47 percent to
$38.9 million.
In this quarter, the company which makes enterprise
social networking software sees revenue in the range of $30 million and $31.5
million. Adjusted net loss is seen
between 15 cents and 17 cents a share.
Analysts however, expect a loss of 9 cents a share on revenue of $31.2
million.
Three to four cents of the projected loss in the
fourth quarter, is the loss that will be incurred in acquiring two companies by
Jive. One of them is Meetings.io which
provides for video conferencing through a web browser; the other is Productive,
which provides task management software.
Shares of the company rose 16.16% to $13.01.
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