Vendors Fight Back Against at 'Patent Trolls' - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business/E-Business
Commentary
6/30/2008
01:30 PM
Jim Manico
Jim Manico
Commentary
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

Vendors Fight Back Against at 'Patent Trolls'

CNN Money, The Wall Street Journal

Eleven high-tech companies have joined forces to safeguard themselves from costly patent lawsuits.Allied Security Trust, a nonprofit group that includes Google, Apple, HP and Cisco, plans to buy intellectual property of interest to its member businesses before "patent trolls" can do so. Members pay $250,000 to join Allied and contribute about $5 million, which goes into an escrow account and is used toward patent purchases. Allied will sell the patents it acquires after members have granted themselves a nonexclusive license to the underlying technology.

The group won't face antitrust issues because it doesn't actually own the patents, and because it's nonprofit, said Allied CEO Brian Hinman, a former VP of intellectual property and licensing at IBM.CNN Money, The Wall Street Journal

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
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.
Sponsored Video
Flash Poll