Activity in WordLogic Corporation (OTC:WLGC) is increasing once again as the price is holding the gains from September and is ready to take off any moment.The stock price went up shortly after the roll out of the new Google Instant search system. WordLogic hold a patent for a very similar search system, which according to their CEO could be even better than Google’s.
As Google allegedly infringed one or few of WordLogic’s patents for the predictive text technology, some remedy is now foreseen by traders. Aiming to stay on top of their game, Google will need to get these patents and protect itself from Microsoft or Yahoo taking the technology.[BANNER]
Officially, no serious talks about a joint venture or partnership have taken place yet, but as the Google itself has stressed the importance of this technology, WordLogic remains a hot stock that could explode on good news.
WordLogic has only issued one commentary press release on the subject, so excitement among traders is further fueled only by the rumors. While things are rolling in a positive direction, the size of the premium on WLGC share price is questionable at this point as the pricing of their technology has not yet been set. WordLogic now hold $21 million market cap, while their balance sheet is heavy leveraged – any further PPS appreciation is not very likely to happen without support from the news front.
