CEOs Back Patent Reform Proposals - InformationWeek
Government // Enterprise Architecture
03:27 PM
Ransomware: Latest Developments & How to Defend Against Them
Nov 01, 2017
Ransomware is one of the fastest growing types of malware, and new breeds that escalate quickly ar ...Read More>>

CEOs Back Patent Reform Proposals

Chief executives want to see action as soon as possible.

Twenty-eight CEOs are urging President Obama to support the Patent Reform Act of 2009.

The CEOs signed a letter saying they support the plan.

"We share your sense of urgency on revitalizing the U.S. economy and believe that patent reform is an important part of that effort," the letter stated.

They cited a study by the Information Technology Industry Foundation stating that information technology has driven most of the economic growth in the United States over the last decade. The study said IT added $2 trillion annually to the economy.

"Modernizing the U.S. patent system and stopping the abuses we see now will greatly enhance our efforts to innovate by creating U.S.-based jobs to help better lead our nation's economic recovery," the CEOs explained in the letter.

The group -- which includes CEOS from Research In Motion, Autodesk, Cisco, Oracle, Palm, Intel, Google, Sybase, HP, SAP, and other heavy-hitters -- urged the president to act quickly on H.R. 1260 and S. 515, saying Congress has spent eight years mulling over patent reform.

"Our country cannot afford to wait," they said.

Sens. Orin Hatch, R-Utah, and Patrick Leahy, D-Vt., proposed the nearly identical bills March 3.

The bill doesn't contain Applicant Quality Submissions, which opponents strongly criticized. It eliminates an opt-out provision in current law that allowed applicants to withhold publication under certain conditions. It added language requiring "clear and convincing" evidence to challenge a patent after the second year and added "public use or sale in the United States" as a basis for challenging a patent.

Manufacturers oppose the bill, saying the apportionment of damages would be increased because it would weigh an estimate of the market value of the product rather than the value of the patent. That would require a judge or jury to determine the value of a product that doesn't yet exist and encourage infringement, they contend.

The bill's sponsors said they would try to improve the language of the damages provision.

InformationWeek will be highlighting innovative government IT organizations in an upcoming issue. Nominate your agency by submitting an essay on your most innovative IT initiative completed in the last year. Find out more, and nominate your organization by May 1.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll