LONDON, March 18: Rancho Cordova-based Internet Patents Corp. reported it lost $2.7 million in 2012 and $667,000 in the fourth quarter of the year. The company has not shown any revenue.
Comparisons to the previous year are not relevant because Internet Patents Corp. is the successor company to InsWeb, which was sold late in 2011. Internet Patents (NASDAQ: PTNT) defends the patent rights of InsWeb, a Rancho Cordova insurance portal that was launched in 1995. Internet Patents was spun off as a successor company after InsWeb founder Hussein Enan sold the company to Bankrate.com for $64 million at the end of 2011. Enan launched Internet Patents as InsWeb was sold, and he is now its CEO. In January, Internet Patents reported to the Securities and Exchange Commission that it filed patent infringement lawsuits Dec. 21 against Tree.com Inc. and Quinstreet Inc.-DNA
Internet Patents reports another quarterly loss
Echoes of the Heart
Kazakh President satisfied with results of talks with Putin
Kazakh President Kassym-Jomart Tokayev signified satisfaction following the lengthy face-to-face talks with President of Russia Vladimir Putin in Sochi, the Facebook account of the President’s press secretary Ruslan Zheldibay reads. During the talks the parties debated a wide range of issues concerning trade and economic, investment, humanitarian cooperation, cooperation of the two nations in the […]Read More »