VRNG Update

VRNG popped on Thursday on news that it is in settlement talks with MSFT.  I have been bullish on this one, but it hasn't been so great.  This morning, it has attracted some bids, trading near 3.50.  I think the "right" price is between here and $4.  The real issue is GOOG - we continue to just wait for the judge to rule on future royalties.  I have portrayed this one as likely to get to 5-6, but it could be worth more, perhaps considerably if people overpay.  Leaving that aside, I think that MSFT could be worth $200mm gross.  That's just a guess, but, if you net out taxes and contingency fees, that would add more than $1 to the 5-6.  So, it makes sense that the stock is higher.  I think it creates all sorts fo speculative fantasy about potential impact on the GOOG litigation.  Some think it helps, I think GOOG doesn't care about settling and we need to just wait for the judge.