An explosion in patent litigation, .... threatens to stifle innovation
Sounds like the crib of an "smoke stack" company out of an emerging economy? Heck No. Its none other than Google thats complaining about software patents as it spends millions on purchasing patents to defend itself against litigation. Google bid $900m for patents of Nortel. Nortel's patents were valued at $4.5bn.
As reported in Businessinsider.com, Jefferies analyst Misek explains how: "Through litigation and licensing, Apple could cause the free Android OS to actually become a burden for OEMs, forcing them to become more conservative in their aggressive pricing plans. This is likely to slow the price cuts Android OEMs are likely to bring. So rather than a $150 Android smartphones, we could see a ~$200 device that is less likely to hurt a lower-cost iPhone ."
Google finally bought more than 1000 patents from IBM.
Readers of this blog will remember my long-standing objection to patents. Big budget lobbying has convinced many that patents are needed for innovation - despite overwhelming evidence to the contrary. It remains one of the key barriers to free trade - a non-tariff barrier that wealthier countries impose on poorer ones. One can only hope that rising costs of litigation, and healthcare will convince the consumers of the "developed" world, that protecting corporate profits for a few is NOT in the larger interest of humankind.
As reported in Businessinsider.com, Jefferies analyst Misek explains how: "Through litigation and licensing, Apple could cause the free Android OS to actually become a burden for OEMs, forcing them to become more conservative in their aggressive pricing plans. This is likely to slow the price cuts Android OEMs are likely to bring. So rather than a $150 Android smartphones, we could see a ~$200 device that is less likely to hurt a lower-cost iPhone ."
Google finally bought more than 1000 patents from IBM.
Readers of this blog will remember my long-standing objection to patents. Big budget lobbying has convinced many that patents are needed for innovation - despite overwhelming evidence to the contrary. It remains one of the key barriers to free trade - a non-tariff barrier that wealthier countries impose on poorer ones. One can only hope that rising costs of litigation, and healthcare will convince the consumers of the "developed" world, that protecting corporate profits for a few is NOT in the larger interest of humankind.
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