Will Apple Get Slammed By VirnetX Again?

As lawsuits rack up for the technology company VirnetX Holding (AMEX:VHC), investors and analysts have begun to wonder if there is more value in the company’s patent portfolio than in its products.

Just three days have passed since a Texas federal jury ruled that Apple (NASDAQ:AAPL) had infringed four of VirnetX’s patents with its FaceTime application, and already the company has initiated a second lawsuit.

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Apple storeThis lawsuit, brought on Friday, builds on the company’s previous complaint, alleging that Apple’s iPhone 5, iPad Mini, fourth-generation iPad, fifth-generation iPod Touch, and latest Mac computers violate the same patents. The devices had not been included in the previous suit because they had not yet been released.

For the initial infringement, Apple must pay VirnetX damages amounting to $368.2 million.

VirnetX’s Executive Officer Kendall Larsen called the case a victory in a recent statement, saying that the lawsuit had established the importance of the company’s patent portfolio. According to the Financial Times, the company owns 45 patents in the United States and abroad that relate to real-time communications and security technology. With its numerous suits, VirnetX has earned a reputation for fighting major technology companies over patent infringements; the company has brought intellectual-property litigation against Microsoft (NASDAQ:MSFT), Cisco (NASDAQ:CSCO), and NEC (NIPNF.PK) in the past. In 2010, Microsoft settled a lawsuit for $200 million.

Meanwhile, Apple is involved in a great deal of litigation of its own. The company’s recent defeat by VirnetX comes amid its ongoing patent lawsuit with its smartphone rival Samsung (SSNLF.PK), and on Tuesday Apple requested for Google’s (NASDAQ:GOOG) Android operating system Jelly Bean to be included in the case as well.

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