//
archives

RPX Corporation

This tag is associated with 11 posts

IP Executives On The Move

  Joff Wild at IAM reported that Peter Holden, formerly of Coller Capital, partnered with IP Value to create a new IP investment fund.  Wild’s reports confirms rumors that surfaced during litigation between Coller and a scorned, would-be patent buyer.  Meanwhile, Eran Zur’s departure from RPX was delayed from August 1st to August 10th according … Continue reading

Patent Scholars Challenge Bessen & Meurer’s Bogus $29 B NPE Costs Figure

In a paper published on July 25, 2012 (available from SSRN), Chicago-area scholars David Schwartz and Jay Kesan challenge a study by Boston University professors James Bessen and Michael Meurer, which claimed that patent litigation generated by so-called “non-practicing entities” imposes direct costs of $29 B.  Intellectual Ventures’ Peter Detkin and Patentology’s Mark Summerfield already … Continue reading

Digitude Patent Monetization Effort Bombs – RPX Picks Up The Carcass

RPX announced “its largest syndicated transaction to date with the participation of more than 10 RPX clients.”  According to the release, “RPX will invest approximately $46 million of its own capital in the transaction” resulting in the transfer of 500 patents and “sub-license rights” currently owned by Digitude and Digitude subsidiary Preservation Technologies, companies originally … Continue reading

Renewed Interest In Patent Investment Affects RPX Valuation

Joff Wild over at the IAM Blog recently reported an upgrade in RPX’s rating from Barclays Capital from 2-EW to 1-OW, citing “secular sustainable growth” of the IP sector.  Barclays’ briefing paper cites the growth of patent litigation as one of the “key data” supporting its analysis.  While Joff accurately notes that I previously “questioned … Continue reading

RPX Secondary Offering Seeks Another $60M

RPX Corporation (RPXC) announced pricing of a 3,000,000 share follow-on offering at $20.49 per share.   RPX offers about 1.4 M shares itself with the rest coming from stockholders.  The offering price represents a 15% discount from it’s opening price at $24.10. Trading spiked this morning, landing RPX on Nasdaq’s unusual volume list. Coincidentally, top officials … Continue reading

RPX Issues Second Quarter Results And Comments On The ‘Patent Bubble’

Patent aggregator RPX’s second quarter results showed $38.8 MM in revenue and total equity increasing to $250 MM. According to its earnings forecast, RPX expects to see about $150 MM in total revenue this year. RPX also commented on the Nortel auction and the effects of any reported “patent bubble.” Continue reading

RPX Winning Over Investors One Soul At A Time

RPX claims to be a friend to operating companies, but in reality their interests are more closely aligned with patent lawyers, capitalizing on the consequent confusion, expense and delays of the patent litigation system. Although they may provide liquidity, on balance RPX’s existence may also be detrimental to patent owners, but that’s a separate matter. For its part, the patent aggregator has been effective at convincing investors that it provides operating companies a valuable service. But are investors seeing the light, or merely being bribed convinced in a monetary fashion? A $1.6 MM payout to one VC raises questions, but more on that below. Continue reading

RPX IPO Wednesday; Own A Piece Of Patent Monetization For $16

This Wednesday, patent aggregator RPX will begin trading on NASDAQ this Wednesday.  Seeking Alpha is reporting that the stock will be priced sometime this evening, but the company’s proposed price values the business at more than $850+ Million.  As IAM Magazine Editor Joff Wild notes, this is a huge number compared to the revenue numbers … Continue reading

Patent Licensing Firm Acacia Offers Public Equity

From the IAM Blog over the weekend: Acacia Research has announced it is to make five million of its shares available in a public offering designed to raise cash “for its operations and for other general corporate purposes, including, but not limited to, working capital, strategic acquisitions and other transactions”. The move comes as its market … Continue reading

When Is A Billion Dollar Patent Not Worth A Billion Dollars?

After several months, still no deal reached in the Nortel patent auction, which reported a flurry of activity back in September of last year.  This comes despite the fact that the portfolio was reportedly worth $1 Billion.  Now bidding has stalled, according to Joff Wild at IAM Magazine, and there might be an auction in … Continue reading