Involved in some patent infringement lawsuits with some of the heaviest hitters in the industry, the penny stock of software provider Vertical Computer Systems Inc. (OTCMKTS:VCSY) has been on the warpath since the start of May. Gaining over 733% in less than 5 months, VCSY stock set another 52 week high today, closing at the HOD of a dime, a psychological barrier, on its largest volume trading session in more than 3 years. With a new licensing deal for SiteFlash™, a content management, e-commerce, and workflow technology, the fully leveraged tech company is now an exposed hidden gem which could really do with a win in their case against Interwoven, Inc. and LG Electronics Mobilecomm U.S.A., Inc.
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VCSY Stock Quote
Market Cap: 99.90M
Last: 0.10 ▲ +0.015 (+17.65%)
Dollar Volume: $678,773
Issued and Outstanding: 999,035,151
14-Day Rel Strength: 87.04%
1st Resistance Point: 0.1087
1st Support Level: 0.0827
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Dealing in 5 different markets segments, Human Resources and Payroll, Government Sector – Emergency Response, Software development units, Time and Attendance and Healthcare Credentialing, within 3 separate markets, Physician market, Government market and clients of NOW Solutions, their wholly owned subsidiary, Vertical Computer Systems has carved out a strong revenue path since becoming a a fully reporting company in May, 2000. The new agreement to license the Company’s primary core internet technology, SiteFlash™, with UniFocus, Inc. enters them into a 5th market segment – the worldwide hospitality market.
With hotels, restaurant chains and theme parks soon to have access to Vertical’s technology which utilizes XML and publishes content on the Web, enabling the user to build and efficiently operate Websites with the unique ability to separate form, function, and content, additional revenues on top of their pre-existing, $5 million plus annual ones, should help to keep things running smoothly while the verdict comes down from their 3 year old case against Interwoven, Inc.
On November 15, 2010, Vertical Computer Systems filed a lawsuit in the Federal District Court for the Eastern District of Texas against Interwoven, Inc., LG Electronics MobileComm U.S.A., Inc., LG Electronics, Inc., Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc. for patent infringement claims under United States Patent No. 6,826,744 (“System and Method for Generating Web Sites in an Arbitrary Object Framework”) and United States Patent No. 7,716,629 (“System and Method for Generating Web Sites in an Arbitrary Object Framework”), both of which are owned by the Company. Seeking an award of monetary damages and other relief, the cases were broken up and moved around to the Northern District of California and appear to be coming closer to an actual verdict.
On July 17, 2013, the United States District Court for the Northern District of California denied Interwoven’s motion for summary judgment on the issue of direct infringement and granted summary judgment in favor of Interwoven with respect to infringement on the doctrine of equivalents and with respect to indirect infringement. The court also granted in part and denied in part Interwoven’s motion to exclude certain expert witness testimony.
One thing everyone knows is that when any 2 parties goes to court, it’s the lawyers who win 99% of the time. In the case of VCSY, shareholders have been winning big as they anticipate the end of a long, drawn out battle which, if ruled in favor of Vertical, will help the Company pay down its $13,161,313 in liabilities it had on its books as of June 30, 2013 – a great sign for longs in VCSY.
About VCSY Stock
Vertical Computer Systems, Inc. a global provider of application software, cloud-based and software services, Internet core technologies, and intellectual property assets through our distribution network with operations or sales in the United States, Canada and Brazil.
Click here to view the SEC filings for VCSY.
Click here to view the website for Vertical Computer Systems.
Last 5 Trading Sessions:
It would appear on the surface that VCSY has maxed out its ability to climb any further after reaching, and closing, at 0.10 today. If ever the clock’s could be turned back to May, or a sneak peak at the upcoming motions and possible outcome may be, VCSY stock would be a no-brainer of a penny stock to buy. For now, it’s a great target for those who need to find something good to play until a proper campaign comes around.
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