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What: Shares of patent pursuer VirnetX
So what: A full recovery could prove inevitable. VirnetX is an asset play with its principal asset being a portfolio of 48 U.S. and international patents. Last year, the company received $200 million from Microsoft
Now what: Patent fishing isn't exactly a reliable means for generating income, or returns, but what VirnetX proposes is interesting. The company says in SEC filings that its patents for creating communications links between secure domain names -- i.e., URLs that tend to start with "https" rather than the historically typical "http" -- could fetch big settlements with those betting on cloud computing or real-time communications over 4G networks. Recent lawsuits have targeted Apple
Interested in more info on VirnetX? Add it to your watchlist.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple at the time of publication. Check out his portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader.
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