Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Vringo, Inc.(NYSEAMEX:VRNG), Tesla Motors Inc (NASDAQ:TSLA).
Vringo, Inc.(NYSEAMEX:VRNG) shares closed at $3.12. The company on Sept. 17 provided an update of its ongoing enforcement actions against ZTE Corporation in Spain. On June 18, 2013, Commercial Court No. 11 of Madrid, specializing in Intellectual Property matters, notified its Ruling granting the application filed by Vringo to perform preliminary inquiries (discovery) against ZTE in Spain on the basis of the likely infringement of Spanish Patent ES 2220484, the validation in Spain of European Patent EP 1186119, entitled "Method for transmitting a sequence of symbols".
Additionally, the company on Sept. 12 announced that its wholly owned subsidiary, Vringo Infrastructure, Inc., filed a patent infringement lawsuit against The ADT Corporation, ADT LLC, ADT Security Services, Inc., and Tyco Integrated Security, LLC in United States District Court for the Southern District of Florida.
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Tesla Motors Inc (NASDAQ:TSLA) shares gained 7.04% to $177.92. Barclays analysts on Sept. 9 slightly adjusted their estimates for Tesla Motors Inc (TSLA) based on lower interest income next year. They continue to believe the automaker will be successful in the mass market auto industry and have maintained their Equal Weight rating and $141 per share price target on the stock.
Additionally, the company on August 30 unveiled its highly anticipated European Supercharger network, energizing stations across Norway that enable Model S owners to conveniently travel for free between cities along well-traveled highways throughout the country.
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