Microsoft pays Timeline $5M in Patent Settlement
Craig69 writes "A US SEC report states that Timeline's patent infringement lawsuit filed against Microsoft, as owner of ProClarity, in United States District Court for the Western District of Washington has been settled. Microsoft has paid US$5M to Timeline in exchange for a license to a number of patents."
In this thread we reverse our views on patents:
$5M to a timeline?
dM/dt = $5
I hope, when they die, cartoon characters have to answer for their sins.
Maybe they were trying to lose the case to set the precedent for their linux FUD war
"Timeline, Inc. entered into a Confidential Settlement Agreement with Microsoft Corporation and ProClarity Corporation in settlement of..." Doesn't seem too confidential to me...
Well, I wish I had some patents, since it appears that nowadays in the US all you need to make it rich is a half baked poorly specified and over broad patent or two.
There's no way the patent troll is going to be going away, not while there are potentially so many billions to be made from having IP on paper.
I can also see why other countries, like China and India, would have reason to be positively delighted at this mess. After all, while the US is circling the IT drain and losing impetus on innovation due to the all singing all dancing patent, they can get on with actually doing new stuff.
I am in the wrong business.
I don't think Timeline made any money. In this it indicates that Timeline (and MS) paid $2.5m jury costs, so it looks like MS coughed up $5mill to feed the lawyers and pay Timelines expenses.
Donte Alistair Anderson Roberts - hi son!
Karma: Chameleon
1. Company A (Microsoft) infringes on Company B's (Timeline's) Patent
2. Company B details the infringement to Company A
3. Company A either accepts the claim and pays a settlement
or
Company A contests the claim and wins or loses.
Now if a company like Microsoft can understand this process, why can't a company like Microsoft understand this process?
Genesis 1:32 And God typed
Not quite sure what is going on but M$ brought a company that was being done for patent infringement at the time.
I have excellent Karma and I am not afraid to Troll it.
Ballmer probably spends that every week on new furniture.
One of the linked articles says Timeline is now solely in the business of licensing their patents, having sold off their software and development business. Looks like they may have picked the wrong company to troll...
He seems to want to patent multicast video?
http://appft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220070005804%22.PGNR.&OS=DN/20070005804&RS=DN/20070005804
or go to
http://appft1.uspto.gov/netahtml/PTO/srchnum.html and query 20070005804.
Since MS probably spends $5/min on snacks for its employees, there's no real negative impact. And its good PR: Look how well they comply with laws, look how fair they're playing.
I want to delete my account but Slashdot doesn't allow it.
Really? Because I hear a lot about how Microsoft "respects intellectual property" but I actually see them infringing and then settling tons of patent lawsuits. Last I heard from Groklaw, there were over 40 lawsuits pending against them and who knows how many patents.
Now, I will NOT say that these are a good thing. They're not! It may be poetic that Microsoft is suffering from self-inflicted wounds, but it's not justice in my view.
I'm not really certain how you can claim that this position is "hypocrisy" but I really wasn't expecting you to. The word has lost all meaning these days and its use has been relegated to that of an insult one apparently does not have to prove or justify. Thus, I tend to ignore anyone who uses it. It's not like most of them even know what it means, anyhow, they just like the sound of it.
The cynical view might be the plaintiff was asking for less; MS might have booster the amount to get it noticed*.
* I dabble in writing fiction, so do not get overly incensed by a perhaps purposeful skewed view.
Holy crap! Timeline stock went up 4 whole cents today! That means that my 63 shares of stock earned me $2.52. Cool!
And what of Microsoft? Well, they went down $1.01, I guess that will show them!
If you'll go have a look at www.ProClarity.com, you'll see the real damage. M$ has gobbled up yet another small innovative company. They didn't settle the suit, they bought out the litigant. Corporate wars are good us, right?