Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of patent licensing firm Acacia Research Corp (NASDAQ:ACTG) jumped 12% in early trading today after the company announced a settlement and licensing deal.

So what: Litigation against Behavioral Recognition Systems was dismissed, and a dispute with Huawei Technologies ended with a settlement and patent license agreement. The big news, though, was a licensing agreement with Motorola Mobility LLC, which also ends disputes between the two companies.  

Now what: The challenge for investors here is that these announcements didn't come with any financial information. For that reason, it's hard to tell what the financial impact will be. At the least, we know the dismissal of the Behavioral Recognition Systems litigation is incrementally bad, but we'll have to see what the upside is in licensing deals when the next earnings report comes out.

Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.