Spherix (SPEX) is envoled in multiple patent suits. They are backed by Rockstar which is a comgoleration of companies that paid over $ 4 billion for the thousands of Nortel patents. Nortel, a world renouned communications company from Canada, went bankrupt and put their patent portfolio up for grabs. Microsoft, Blackberry, Nokia and other industry giants formed Rockstar and are going after the likes of Google, Cisco, At&T and whoever is not on their team to try and smash the competition.
It is well worth your time to investiagate since SPEX is a small cap company 23 million shares outstanding. These patents are estimated to be worth in the hundreds of Billions of dollars. They cover a broad range of technology from networking, WI FI, cell phone and antenna applications, and much much more. AT&T the defendant is apparently in negotiations with Spherix. The plaintiff named in the trial is Guidance IP a wholely owned subsidiary of Spherix so many will not be aware that Spherix is envolved in the suit.
Spherix is currently trading at $1.66 per shares. Just a heads up. Good luck, and good investing.
Ref:http://seekingalpha.com/article/2133933-spherix-a-focused-play-on-patent-monetization
