Boston, MA 01/30/2014 (wallstreetpr) – Vringo, Inc (NASDAQ:VRNG) included itself among the biggest gainers for the day as it climbed 20% on Wednesday. The company announced the positive court ruling, which relates to the patent infringement by the AdWords system used by Google Inc (NASDAQ:GOOG) and AOL, Inc. (NYSE:AOL). As per the reports, the U.S. District court has ascertained the ongoing royalty rate at 6.5% for the continued infringement of its patents. Google and AOL have been subjected previously too for the infringement of Vringo’s patents. Inspite of their portion of the arguments of workarounds, the court upheld that even their it amounts to infringement. Thereby, assigning a higher royalty payable by both of them. Vringo, Inc (NASDAQ:VRNG)’s overall royalty collection stands at $1 billion now, a reasonably descent number.
RF Micro Devices, Inc (NASDAQ:RFMD) soared higher over 9% on back of its solid quarterly performance followed by positive rating mandates from the analysts. The company performed in line with the expectations as it posted $36.4 million net profit, or 13 cents a share. This is clearly indicative of its higher earnings as compared to $21.3 million or 8 cents per share earnings in the same quarter a year ago. The company’s revenues stood higher from the last year’s same quarter $271 million to $289 million this time. However, the analysts had kept their hopes set at $320 million. RF Micro Devices, Inc (NASDAQ:RFMD) has set fourth-quarter revenue estimate at $250-$260 million and earnings per share of 9-10 cents per share, below the consensus of 11 cents.
The Dow Chemical company (NYSE:DOW) zoomed higher on Wednesday, driven by better-than-expected quarterly earnings and dividend announcement. The chemical company declared $14.4 billion revenues for the quarter, a descent 4% increment from the previous year’s numbers and comfortably beating the market consensus estimate of $14.2 billion. The adjusted net income increased twofold to $793 million,or 65 cents per share. The numbers are more than 50% of the market consensus predictions. In a separate press release, the company also announced a dividend increase of 15%. The Dow Chemical company (NYSE:DOW) posted $57.1 billion revenue, a 1% increase over 2012, for the full year 2013.