NEW YORK, October 04, 2012 - Marketsareopen, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Vringo, TagLikeMe Corp, Nokia Corporation, Sirius XM Radio Inc, Santo Mining Corp.
Vringo, Inc.(NYSEAMEX:VRNG) shares are hitting an all time high in Thursday’s session with the stock gaining another 25% to $5.37 after soaring 39% in the previous trading session. The recent rally has been attracted after a U.S. court rejected Google (NASDAQ:GOOG)’s appeal for summary on the ongoing case with Google, valuing at around $700 million.
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"Having carefully reviewed the parties' pleadings, the court finds that summary judgment is inappropriate at this time as there are genuine issues of material fact in dispute," U.S. District Judge Raymond Jackson said in his order.
The patents which are under dispute were developed by Donald Kosak and Andrew Land, who was the chief technology officer of Lycos. They were bought by a company called I/P Engine, which merged with Vringo in July this year.
After the merger Vringo sued big companies such as Google, AOL, Gannett, IAC and Target alleging that the search giant was using the patents to deliver advertisings to users and that Google had gained $38 billion annually as a result of this.
AOL has already settled with Vringo but it is still part of the lawsuit filed by Vringo as it contracts ads from Google.
The latest conclusion by the Judge will open door for Vringo’s to initiate a trial October 9, 2012.
Shares of VRNG made an all time high of $5.55 earlier in the session and has risen 440% so far this year.
TagLikeMe Corp(PINK:TAGG) shares soared 82% on hefty volume after the company as appointed telecom, media and technology veteran Richard Elliot-Square to the position of Chairman and CEO of the Company.
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The Finnish company has been a very industrious one, and after a series of products, they settled in, and struck gold with mobile phones. Nokia Corporation (ADR)(NYSE:NOK), despite being very popular, is not being able to keep up with the cut-throat competition all around. What with technology and patents rushing by at break-neck speed, and companies struggling with all their might to make their presence felt in the market, it is no surprise that Nokia is falling short of stable financial growth.
The company has been making drastic changes in order to stabilize the finances, and it has been letting go of core-assets to make ends meet. The disposing of non-core assets shows how badly the company has to struggle to make things work smoothly for itself. Nokia will be letting go of its headquarters in Espoo, Finland, in order to improve its financial condition. The company spokeswoman, Maija Taimi, said that the company was looking at different options for its non-core assets, which included the headquarters, since it is a part of the real estate holdings.
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On Tuesday, Citi analyst John Bazinet upgraded ‘Liberty Media’ as it is likely to buy out Sirius XM Radio Inc(NASDAQ:SIRI). This led to the Sirius stock jumping to a four year high on heavy volumes.
Not only has Bazinet upgraded Liberty Media to ‘Buy’ from his earlier ‘Neutral’ stance, he has also maintained his ‘Buy’ rating on Sirius. According to Bazinet, Liberty Media has spent $1.4 billion to up its stake in Sirius from 40 percent to 49.6 percent and the media company will control half of Sirius by the end of the year.
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He upped the price target of Sirius shares from $2.5 to $3. He also raised the Liberty Media target to $121, $27 higher.
The merger with XM in 2008 made Sirius the only company which provides satellite radio. But it faces stiff online competition from Pandora Media, Apple’s iTunes store and Amazon’s mp3 downloading service.
Shares of SIRI has risen 6% this week and made multi-year high of $2.75.
Santo Mining Corp(OTC:SANP) is trading higher by 3.17% to $1.47 on unusual volume of 1 million shares far.
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