Feeks26 Feb 2016 09:37
I believe people (like myself) are buying here because of the ligitation against LG. $25m case and its more likely DDD will win. See statement taken out from RNS:
The complaint alleges that the automatic 2D to 3D conversion function performed by LG's range of 3D televisions infringes the claims of DDD's U.S. Patent No. 6,477,267 "Image Conversion and Encoding Techniques", U.S. Patent No. 6,496,598 "Image Processing Method and Apparatus", and U.S. Patent No. 7,489,812 "Conversion and Encoding Techniques".
The complaint notes that despite the fact that LG licensed DDD's TriDef 3D solutions for use with their 3D personal computer products and their 3D mobile phones, the engineering team responsible for the development of LG's 3D televisions pursued the development of their 3D TVs in full knowledge of the existence of DDD's patents and technologies. As a result, the complaint alleges that the LG has demonstrated a pattern of blatantly disregarding DDD's intellectual property and by doing so, LG is getting a "free ride" on DDD's decades of research and development, and unfairly competing in the marketplace since first announcing their range of 3D TVs in late 2009.
Market Cap of £3.3m and win case worth $25m (assuming it is $25m as they will have to backdate from 2009 till now) is around £17.8m.
They have hired Lawyers who have represented big clients in the past:
Quinn Emanuel's lawyers have won over $15 billion in judgments and settlements. Quinn Emanuel has successfully represented many leading technology companies including Google, Motorola, Samsung and Sony in a variety of patent related matters.
Its a matter of waiting for the outcome which i think will be in few weeks.
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