The Mystery of ParkerVision

[spuwho]

I'm aware of all this, and already gave my analysis of why the stock will continue to be a dog regardless. Again, reasonable minds can always differ. Sounds great though, by all means...buy, buy, buy. Long as it's with your money not mine.

I don't hold a legal opinion either way, so I wasn't countering you, just updating the information floating around.  If you read the lines, the shorts are mad and think the judge screwed up, the longs are freaking because they think Qualcomm is going to get their butt kicked.

You have every paid hedge fund expert weighing in...."engineering by PRKR can't be duplicated" to others who say "it's crap and doesn't work".

For what its worth.......

I used to have the D2D wireless stuff the other poster talked about. I know who fabbed it, I did a round of testing on it to see how and if it worked based on its claims. I understood the claims PRKR were making on the D2D and what it could do for generic WiFi many moons ago.

The D2D failed in the market place for a lot of reasons:

- First off, poor marketing. As far as I could tell only one distributor actually sold it retail
- It was expensive compared to the competition, the value was never understood by consumers
- Technically superior under very specific conditions which were next to impossible to replicate in its typical use case
- Was reverse engineered in less than 6 months and product that actually exceeded its performance came out shortly after. PRKR still had a lot of unsold inventory and no way to improve the product

I still have the PCMCIA adapter in my inventory of test devices and its has no value. Unless someone can enlighten me, it doesn't work with any modern, current OS. (Many don't support the custom Prism based silicon it used, it reports as a "unknown Prism compatible adapter") The D2D feature unique to the product is only good when used with a D2D counterpart (like a wireless router/access point).  It's reception was pretty good, but it appeared to be more a function of its somewhat large antenna module on the card itself.

I once sat next to a PRKR RF engineer on a biz trip and I discussed D2D extensively with him. I was pretty honest and he handled my feedback really well. In summary, his response was a "wait till you see what we are working on" and so I thanked him and kind of waited to see "what they were working on". Not to sound snarky, but I am still waiting and that conversation was 10 years ago. The world of WiFi is now in draft AC at 1GbE. A long way from those days of 2.4Ghz OFDM.

While hindsight is always 20/20, they should have licensed the technology to someone who was making commercial wireless bridges, where the radios were most likely to come paired. This would have exposed more of its value.

[jaxlongtimer]

Like I said before, reasonable minds can differ, but the fact that you signed up for this website for the express purpose of having both of your 2 total posts trolling for this company and what an awesome investment it is sort of solidifies your credibility on this topic.

I'm aware of all this, and already gave my analysis of why the stock will continue to be a dog regardless. Again, reasonable minds can always differ.

I guess, Chris, reasonable minds can differ, as long as they don't differ from you.  I referred generously to both sides of this coin in my posts and both noted and accepted the risks of this investment.  I did make a greater play for the positives as you dwelled only on the negatives, requiring an offset to your position.  As an attorney, I would expect you do be open to an opposing argument without vilifying it.  I would say you are the one lacking credibility.  Who is the real "troll" here?  Why don't you tell us, are you shorting this stock?  You sure act like you are.

By the way, I note that the stock has rebounded about 60% off of its post verdict lows, hitting $4.05 today, just before it dropped in sympathy with the late PM market sell off.  If you reviewed my comments, I noted the possibility the stock might rebound once investors fully digested the positives I pointed out exist for PRKR.  Having watched this stock these many years, it will surely be a roller coaster until more of the story plays out.  In the meantime, the market is placing a value of nearly $350 million on this "worthless" dog of a company.  Chris, what's your net worth?  If it is less than PRKR's, how "worthless" might you be?  Arrf, arrf! 

[ChriswUfGator]

Like I said before, reasonable minds can differ, but the fact that you signed up for this website for the express purpose of having both of your 2 total posts trolling for this company and what an awesome investment it is sort of solidifies your credibility on this topic.

I'm aware of all this, and already gave my analysis of why the stock will continue to be a dog regardless. Again, reasonable minds can always differ.

I guess, Chris, reasonable minds can differ, as long as they don't differ from you.  I referred generously to both sides of this coin in my posts and both noted and accepted the risks of this investment.  I did make a greater play for the positives as you dwelled only on the negatives, requiring an offset to your position.  As an attorney, I would expect you do be open to an opposing argument without vilifying it.  I would say you are the one lacking credibility.  Who is the real "troll" here?  Why don't you tell us, are you shorting this stock?  You sure act like you are.

By the way, I note that the stock has rebounded about 60% off of its post verdict lows, hitting $4.05 today, just before it dropped in sympathy with the late PM market sell off.  If you reviewed my comments, I noted the possibility the stock might rebound once investors fully digested the positives I pointed out exist for PRKR.  Having watched this stock these many years, it will surely be a roller coaster until more of the story plays out.  In the meantime, the market is placing a value of nearly $350 million on this "worthless" dog of a company.  Chris, what's your net worth?  If it is less than PRKR's, how "worthless" might you be?  Arrf, arrf! 

I haven't 'vilified' anything. What I did was point out that you signed up for MJ specifically to post positive comments on this forum as soon as you got a search alert for "Parker Vision." All 3 of your total of 3 posts have been on this thread, plugging this stock. And that happens to be the truth. As an attorney, not that I'm sure what that has to to with the price of tea in china, but since you brought it up, I am mindful of the credibility of witnesses.

[spuwho]

Benchmarking patent infringement awards is making for big numbers for PV. Qualcomm is not doing well on this legally at the moment.

http://seekingalpha.com/article/2191043-parkervision-potential-damage-award-5-billion-5x-prior-award-plus-10-years-future-royalties-price-target-50

PV is starting to engage resources to go after other users of the technology now.

http://www.law360.com/articles/533896/173m-verdict-against-qualcomm-stands

But they announced another net loss in the last quarter. If they can complete the final legal awards and start getting real cash, they can stop diluting their shareholders to fund ongoing R&D.

[spuwho]

The mystery of PV continues:

Per The Daily Record:

http://jaxdailyrecord.com/showstory.php?Story_id=543260

ParkerVision $173M award tossed out, judge questions company's expert witnesses

By Mark Basch, Contributing Writer
A federal judge tossed out a jury's $173 million patent infringement award to ParkerVision Inc., ruling that the jury erred in its decision in the lawsuit against Qualcomm Inc.

"While the court is loath to overturn the jury's verdict, on this record, it is the court's only choice," U.S. District Judge Roy B. Dalton Jr. said in his ruling Friday that was made public on Monday.

Jacksonville-based ParkerVision said it will appeal.

[spuwho]

Another quarter, another loss, more promises of revenue.

http://www.jaxdailyrecord.com/showstory.php?Story_id=543668

ParkerVision (predicts) sees $1 million to $2.5 million in sales

Most of the headlines surrounding ParkerVision Inc. involve its various legal battles, but the Jacksonville-based technology company has its own elephant in the room that needs to be addressed: when will shareholders see any actual sales of its wireless technology?

ParkerVision says its technology has the ability to improve performance and reduce power consumption in wireless devices, and it has been trying to sell it to manufacturers.

As ParkerVision last week reported another quarter with no revenue, Chairman and CEO Jeff Parker did tell investors that there may be some sales soon, but probably not at the numbers they are looking for.

In the company's conference call, Parker estimated initial upcoming sales "in the $1 million to $2.5 million range, based on the current identified customer opportunities, which were generated from our limited initial campaign and product offering."

When questioned about that relatively low number by one investor, Parker said he is "encouraged" by it "because it's based on what I think is a relatively modest initial campaign, which is now starting to expand, and the geographic coverage is beginning to expand as well."

He also promised better sales news in the future.

"3LP has a number of dialogues that are ongoing right now. I'm hesitant to give you any specific numbers, because I don't think that's appropriate. But from my view on what they're working on, it'll be meaningful. I think it will be very encouraging to our shareholder base," he said.

3LP Advisors is an intellectual property advisory firm that has been working with ParkerVision.

[spuwho]

ParkerVision stock loses out minutes after appeal court hearing.  Apparently someone in the courtroom didn't like what they heard.

Per JaxDailyRecord:

http://www.jaxdailyrecord.com/showstory.php?Story_id=545459

ParkerVision hearing sparks selloff

"In our view, the activity in the stock was in response to the number and the technical nature of the questions directed at the ParkerVision attorney, Mr. (Donald) Dunner, during the hearing," Ladenburg Thalmann analyst Jon Hickman said in a research report.

"We believe investors attending the hearing became concerned that the questions (and Mr. Dunner's answers) pointed to the court favoring the Qualcomm position," he said.

Meanwhile, ParkerVision reported another quarter with no revenue and a net loss of $5.8 million, or 6 cents a share, for the first quarter.

However, the company stuck to its forecast that it will see some revenue in the second quarter, as potential customers buy ParkerVision components to test in their products.

"As we mentioned in our last call, we anticipate reporting some initial revenue from these activities in the second quarter, and that still appears to be the case. I look forward to sharing with you some of the applications that our chips and our engineering expertise will be used in," Parker said.


Another quarter....another loss.....no revenue with yet promises (for several years now) for more.  No more stock to issue and sell.  How long can they keep it up? It costs them $6M a quarter to keep the lights on.

[Steve]

I honestly can't believe they've been around for this long.

[spuwho]

Perhaps for not much longer.....they are suing Samsung now, which in the semi-conductor world is considered a legal death bed as their pockets are extremely deep. PV is going to live a little while longer, but only in litigation.

They hocked what IP assets they think they have to a legal patent troll. The trolls own the place now.

Per Yahoo Finance and quoted in Jacksonville.com:

http://jacksonville.com/news/metro/2015-06-12/story/jacksonvilles-parkervision-cuts-staff-cope-costs-patent-legal-fights

Jacksonville's ParkerVision cuts staff to cope with costs of patent legal fights

An announcement on the Yahoo Finance website Thursday (biz.yahoo.com/e/150611/prkr8-k.html) stated ParkerVision is beginning a reduction in workers at its Jacksonville and Orlando facilities.

"This reduction in force is expected to narrow the company's new product development efforts to customer funded projects," the announcement said.

The workforce reduction is expected to result in a 25 percent decrease in cash for operating activities. Costs on litigation expenses are excluded from those estimates.

ParkerVision's Chief Financial Officer Cindy Poehlman explained the implications of the staff cuts.

"We had approximately 50 employees prior to the staff reduction. While we prefer not to discuss specific head count numbers, what I can share is that we anticipate our total personnel costs will decrease approximately 40 percent as a result of these changes, which have largely been implemented this week," Poehlman said in an email statement.

ParkerVision has struggled to maintain capital to pay for its legal battle with other high-profile mobile communications companies over alleged patent infringements. The company has blamed its financial woes on the cost of these legal fights.

Samsung, Qualcomm Inc. and HTC Corp. and subsidiaries for both of those companies are named in federal complaints revised in 2014 and filed by ParkerVison in the U.S. District Court in the Middle District of Florida.

ParkerVision is asking for a jury trial in an appellate court and seeking unspecified monetary damages from the companies. ParkerVision is also asking for a court injunction to stop those companies from using the technologies the company says it developed.

ParkerVision has been embroiled in such legal battles for four years.

In a ruling in the ParkerVision case issued in June 2014, a federal judge ruled that Qualcomm did not infringe on ParkerVision patents.

The ruling essentially negated a federal jury's 2013 award giving $173 million to ParkerVision. The June ruling granted Qualcomm a new trial.

ParkerVision announced in December that it entered into a funding agreement with 1624 PV LLC for up to $7 million to cover legal fees and expenses incurred for future patent-infringement legal action. The agreement calls for ParkerVision to reimburse 1624 PV LLC with proceeds from future litigation.

For ParkerVision, that was a significant development since the company already spent millions trying to protect patents for wireless technology.

[spuwho]

ParkerVision loses in court. Has its patents invalidated.

Per Reuters:

 (Reuters) - A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by ParkerVision Inc, allowing it to escape a $173 million verdict for infringement.

Trading in ParkerVision shares was halted on the Nasdaq after the price fell 50 percent to 23 cents.

ParkerVision had accused Qualcomm of infringing its patents beginning in 2006 over a means to convert radio frequency signals, and incorporating its technology in products sold for use in mobile devices such as smartphones.

In June, 2014, a federal judge in Florida overturned a jury verdict that had ordered Qualcomm to pay ParkerVision $173 million for infringing patents for technology used in smartphones.

On Friday, the U.S. Court of Appeals for the Federal Circuit affirmed that ruling. It also invalidated three of the ParkerVision patents in the case, and all but one element of the fourth.

Qualcomm's stock was virtually unchanged.

[spuwho]

Another day at ParkerVision, another round of lawsuits.

ParkerVision takes Apple, Samsung and Qualcomm to court.

Per the JBJ:

http://www.bizjournals.com/jacksonville/news/2015/12/16/jacksonville-company-sues-apple-samsung.html

Jacksonville-based ParkerVision has filed a complaint with the U.S. International Trade Commission accusing Apple Inc., Samsung, LG and Qualcomm Inc. of infringing on its patents.
According to the complaint, the companies bring products into the United States that include technology that violates four ParkerVision (Nasdaq: PRKR) patents.

The company has also sued the companies in U.S. District Court.
The products that ParkerVision is targeting often include technology manufactured by Qualcomm and used by the other three.
ParkerVision has been gunning for Qualcomm for years: In October 2013, it won a lawsuit saying the larger company was infringing on its patents, but the verdict was then thrown out.

[TheCat]

Jacksonville's ParkerVision mobile technology company is putting 10.9 million shares of stock up for sale.
The move comes as the company announced last week that it would include Apple Inc., and LG Electronics Inc. to a legal dispute ParkerVision has been waging over patent protection for the past several years.

The proceeds from the stock sale are designed to raise about $2.1 million in revenue in order to lower ParkerVision's legal expenses from the ongoing litigation. The decision to put the additional stocks up for sale came as the company saw a 37.4 percent gain in stock value after the latest legal development involving the additions to the legal dispute, a company news release said.

ParkerVision on Dec. 15 filed a complaint with the U.S. International Trade Commission saying that "several companies have engaged in unfair trade practices by unlawfully importing into the U.S. and selling various products that infringe four of ParkerVision's U.S. patents."

ParkerVision has been legally at odds with some big-name mobile communication companies for years.

http://jacksonville.com/news/metro/2015-12-21/story/jacksonvilles-parkervision-selling-109-million-shares-stock-offset-legal?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JacksonvillecomBusiness+%28Business+news+from+Jacksonville+and+the+First+Coast+-+Jacksonville.com+and+The+Florida+Times-Union%29

[spuwho]

Jacksonville's ParkerVision mobile technology company is putting 10.9 million shares of stock up for sale.
The move comes as the company announced last week that it would include Apple Inc., and LG Electronics Inc. to a legal dispute ParkerVision has been waging over patent protection for the past several years.

The proceeds from the stock sale are designed to raise about $2.1 million in revenue in order to lower ParkerVision's legal expenses from the ongoing litigation. The decision to put the additional stocks up for sale came as the company saw a 37.4 percent gain in stock value after the latest legal development involving the additions to the legal dispute, a company news release said.

ParkerVision on Dec. 15 filed a complaint with the U.S. International Trade Commission saying that "several companies have engaged in unfair trade practices by unlawfully importing into the U.S. and selling various products that infringe four of ParkerVision's U.S. patents."

ParkerVision has been legally at odds with some big-name mobile communication companies for years.

http://jacksonville.com/news/metro/2015-12-21/story/jacksonvilles-parkervision-selling-109-million-shares-stock-offset-legal?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JacksonvillecomBusiness+%28Business+news+from+Jacksonville+and+the+First+Coast+-+Jacksonville.com+and+The+Florida+Times-Union%29

Depending on who you talk to in the markets, the ITC announcement that caused them to jump to .25 a share, just happened in time for the "private placement", was simply a PR stock bump action. Basically using a legal filing of paperwork as a stock price bumping tool. The funny thing is the "institutional investor" who hasn't been named required that a ParkerVision director put in their own skin for $50k. PRKR has been using PR tricks like this for several years to try and milk more dollars out of their stock offerings.

ParkerVision is still about to be kicked off NASDAQ and into the pink sheets since they have been under a dollar for so long.

Time is running out. Even the "shorts" don't use PRKR anymore. They are down to $1.7M in cash and have nothing but legal bills and no revenue.

The legal action is a hail mary to keep the doors open just a bit longer.

[TheCat]

ParkerVision Closes $3 Million Private Placement of Common Stock


JACKSONVILLE, Fla., July 07, 2016 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (PRKR) ("ParkerVision"), a developer and marketer of semiconductor technology solutions for wireless applications, today announced the closing of a sale, in a private placement transaction, of 1,090,909 shares of common stock at a purchase price of $2.75 per share for total gross proceeds of approximately $3 million.   The shares were sold to an accredited investor ("Investor") under a securities purchase agreement signed on July 6, 2016. 

The securities purchase agreement contains customary representations and warranties and covenants of ParkerVision and the Investor.  The shares were offered and sold solely to the Investor on a private placement basis. ParkerVision will register the shares purchased by the Investor under the Securities Act of 1933, as amended ("Securities Act") for resale by the Investor.  ParkerVision has committed to file the registration statement by the 20th calendar day following the closing of the sale of the shares.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS) acted as placement agent in connection with the offering.

The shares being offered have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About ParkerVision
ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies, which enable advanced wireless solutions for current and next generation communications networks. Protected by a highly-regarded, worldwide patent portfolio, the Company's solutions for wireless transfer of RF waveforms address the needs of a broad range of wirelessly connected devices for high levels of RF performance coupled with best-in-class power consumption.  For more information please visit www.parkervision.com.  (PRKR-G).

Safe Harbor Statement
This press release contains forward-looking information.  Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made.  Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10-K for the year ended December 31, 2015 and the Form 10-Q for the quarter ended March 31, 2016.  These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.


http://finance.yahoo.com/news/parkervision-closes-3-million-private-120000770.html

[TheCat]

Jacksonville's ParkerVision gets $2 million cash infusion, files lawsuit in Germany over wireless patent


Jacksonville-based ParkerVision Inc. has seen several developments in recent days that could help counter financial challenges the company is facing with its ongoing lawsuits against other wireless companies for patent infringement.
Most notably, ParkerVision officials said last week that they received a $2 million investment in the company. Meanwhile, ParkerVision announced Monday it has filed a legal challenge against wireless giant LG Electronics in Germany for patent infringement there.

On the financial end, Brickell Key Investments provided the $2 million infusion of cash into ParkerVision. That's on top of $11 million already invested in ParkerVision by the investment firm.

Phone and email messages left with a ParkerVision official Monday seeking comment got no response.

But ParkerVision CEO Jeffrey Parker in a news release said, "We are pleased with Brickell's increased financial commitment as we continue to work towards the goal of achieving recognition of our significant contribution to the wireless industry through our innovative products and technologies."

The investments are essential to keeping ParkerVision afloat as the company has been awash in mounting legal costs due to prolonged legal battles beginning in 2011 over wireless communication technology patents that ParkerVision contends are being infringed upon by multiple companies, most of which are big names in the business.

The U.S. Supreme Court in March denied ParkerVision's request to hear its claim of patent infringement by mobile communications giant Qualcomm. That sent ParkerVision's stock prices plummeting and the company had to institute a reverse stock split later that month to counterbalance sinking stock value.

While the reverse stock split helped ParkerVision's stock price stabilize, there are still many outstanding issues. Single shares for ParkerVision once topped $8. On Monday afternoon, ParkerVision stock was trading about $3.70. It spiked to nearly $4 a share on Nasdaq about 10 a.m. after the company announced it was filing a legal complaint against LG in Germany.

That lawsuit filed against LG in the Munich (Germany) Regional Court "seeks injunctive relief and damages for infringing devices being offered, brought to market, used or introduced in Germany."

ParkerVision on Dec. 15 filed a complaint with the U.S. International Trade Commission saying that "several companies have engaged in unfair trade practices by unlawfully importing into the U.S. and selling various products that infringe four of ParkerVision's U.S. patents."

The companies included Apple Inc. and LG Electronics Inc. in the legal dispute it has been waging over the patents.

Beyond those cases, ParkerVision has other active lawsuits. Samsung, HTC Corp. and subsidiaries for both of those companies are named in federal complaints revised in 2014 and filed by ParkerVision in the U.S. District Court in the Middle District of Florida.

Parker said in a news release he felt compelled to take the same action in Germany.

"We have reached the point where international legal action is appropriate to defend our intellectual property rights abroad in order to protect the investment our shareholders have made in our patented assets," Parker said.

The company is still losing money, though, as much of its financial woes have been placed on the ongoing legal disputes and costs associated with those court fights.

Still, ParkerVision's financial report for the first quarter of 2016 showed at least some signs the financial spiral is slowing. The first three months of the year of trading for ParkerVision saw a net loss of $5.1 million. That's down from the same time period of 2015 when the company reported a $5.8-million net loss, according to ParkerVision figures.

http://jacksonville.com/news/metro/2016-06-06/story/jackonvilles-parkervision-gets-2-million-cash-infusion-files-lawsuit