Why VirnetX Is Tumbling Today
Shares of VirnetX (NYSEMKT: VHC) were falling over 10% late in the afternoon Monday despite the company winning a judgment against Apple (NASDAQ: AAPL) for patent infringement. VirnetX was awarded $503 million because a jury found Apple's VPN on demand for FaceTime violated patents it held for secure communications -- the second time it has been awarded a substantial sum of money from Apple. With Apple's cases coming to a close, there might not be many more verdicts of a substantial amount in VirnetX's favor in the future.