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World's Largest Patent Troll Fires First Salvo

ChiefMonkeyGrinder writes "Yesterday the biggest software patent troll of all finally woke from its slumbers: Intellectual Ventures filed patent infringement complaints in the US District Court of Delaware against companies in the software security, DRAM and Flash memory, and field-programmable gate array industries. Intellectual Ventures was co-founded by Microsoft's former CTO Nathan Myhrvold, with others from Intel and a Seattle-based law firm." We discussed IV's potential for patent trollery last spring.

189 comments

  1. My question about IV... by Anonymous Coward · · Score: 0

    Will IV allow licensing of their patent portfolio, or will they do like a lot of companies, just get patents so nobody else can use them?

    1. Re:My question about IV... by TheL0ser · · Score: 3, Insightful

      They'll "let" other people use them.... and then sue them. Without even looking at it, I'm sure some of the patents are so broad I'm violating one by breathing.

    2. Re:My question about IV... by gstoddart · · Score: 5, Informative

      Will IV allow licensing of their patent portfolio, or will they do like a lot of companies, just get patents so nobody else can use them?

      Well, the original Slashdot article linked in TFS indicates that "it doesn't actually use these patents – except to threaten people with. In other words, Intellectual Ventures is a patent troll". They only license their patent portfolio. Expect this to basically be a shakedown.

      Man, I hate that a company can exist just to own patents and sue people.

      --
      Lost at C:>. Found at C.
    3. Re:My question about IV... by poetmatt · · Score: 1

      this is the first time they've actually made *themselves* vulnerable.

      going through subsidiaries is one thing but the end result here is that IV might get screwed (hopefully).

    4. Re:My question about IV... by gstoddart · · Score: 1

      this is the first time they've actually made *themselves* vulnerable.

      going through subsidiaries is one thing but the end result here is that IV might get screwed (hopefully).

      Wait, I'm confused ... the one link the summary mentions nothing about subsidiaries, so I don't understand ... how might they be making themselves vulnerable?

      Sorry if that's a thick sounding question, not done my first coffee yet. :-P

      --
      Lost at C:>. Found at C.
    5. Re:My question about IV... by AvitarX · · Score: 1

      Suing in Delaware is a good thing.

      The courts are fairly reasonable (in my personal experience watching things go on in person), and the rulings hold peer pressure weight in business matters in other areas, even when they are non-binding.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    6. Re:My question about IV... by Dekker3D · · Score: 2

      And even if you aren't, you just gave someone a foul idea.

    7. Re:My question about IV... by Grond · · Score: 1

      Man, I hate that a company can exist just to own patents and sue people.

      You do realize that category includes a large number of universities and colleges, right? And publicly funded research labs?

      What about companies that received a patent but decided not to pursue the technology themselves? Do they just have to eat the cost of the R&D? Or investors in a company that went bankrupt? They can't recoup any of their investment through the sale of the patent portfolio? Those scenarios are two major sources of IV's patent portfolio, including many of the patents involved in these lawsuits.

      That policy would put an enormous chill on research & development investment.

    8. Re:My question about IV... by Creepy · · Score: 1

      yeah - I saw Delaware and was thinking the same - Patent Trolls file in eastern Texas where the judge just hands the trolls money without any real fight.

    9. Re:My question about IV... by AvitarX · · Score: 1

      Maybe they think they have a strong case, and a winning in DE will make going forward a lot easier.

      It could be true too unfortunately (the strong case part). I'd feel better if it was in Delaware Chancellery Court, as the chancellors don't take BS, and rule smart.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    10. Re:My question about IV... by alaffin · · Score: 2

      Again the difference is in the production. Universities, colleges and research labs still produce things. IV does not. They file patents based on "ideas' (as opposed to something they've developed - which makes me wonder if every patent they file shouldn't violate the whole "you can't patent obvious things" rule) and sit on patents they've purchased. No original research and development goes on there - they are lawyers, not creators.

      As for your questions - yes, companies that develop something and choose not to pursue the technology have to eat the cost of R&D. Alternatively they can attempt to sell it to another company which will use it to defray the costs, but they key test, in my mind, should be active usage of the patent. If you patent something which is completely useless but which someone takes and makes obscenely useful and profitable ten years down the road I have no moral objection to saying nuts to you. Same goes for bankrupt companies. If someone purchases it with the intent of using it within the next - lets say five years - then that's fine. But to purchase and sit on it until someone else makes a killing off it? Nope - sorry, you had your chance. Now its someone else's turn.

    11. Re:My question about IV... by chrb · · Score: 4, Interesting

      Man, I hate that a company can exist just to own patents and sue people.

      Under the current patent system, this company type is likely to be the most profitable. By not actually utilising any patents, they are free from any claims of patent infringement. This means that all of those companies which have built up huge patent war chests with the aim of a "mutually assured destruction" if they are ever sued suddenly become vulnerable. There is no "patent war" defense against a company that doesn't make anything. If you don't make anything, you can't be countersued. From a business perspective it's an awesome idea. If Nokia were to set up an independent legal entity and assign ownership of their patents to that entity, that legal entity could then sue Apple without any fear of being countersued. Apple could do the same. I'm surprised we haven't seen any large companies doing this earlier, but if IV is successful, I bet we'll see a lot more of this company type in the future.

    12. Re:My question about IV... by SwordsmanLuke · · Score: 1

      I'm not sure. I just read SuperFreakonomics and IV is featured (quite positively, I might add) in the book.

      According to the authors, IV exists to provide a mass market for IP by acting as a clearinghouse. They purchase patents (from anyone, but that does include small-time engineers/inventors without the capital to develop their creation) and solicit other companies to license them. They also do a fair bit of inventing themselves (including some awesome environmental engineering devices intended to stop global warming and reduce the effects of hurricanes!) so it's not clear to me that they exist *only* to troll.

      That being said, it *is* clear that their primary source of income is the licenses from their patents and it's *not* clear what percentage of their profitable patents are things invented in house or externally.

      --
      Any plan which depends on a fundamental change in human behavior is doomed from the start.
    13. Re:My question about IV... by Anonymous Coward · · Score: 0

      As opposed to the chilling effect that being the second one there has on research... or the effect of wasted research on things nobody is going to do anything with... Here's a crazy idea, lets research stuff that we need to be able to do stuff with and make sure the research is useful or has the potential to be useful and ALSO make sure that if we start out researching something, someone else patenting the same thing won't render all the research we just spent money on useless despite the fact we did the work and paid for the research...

    14. Re:My question about IV... by gstoddart · · Score: 1

      There is no "patent war" defense against a company that doesn't make anything. If you don't make anything, you can't be countersued. From a business perspective it's an awesome idea.

      Better to nuke the whole site from orbit. It's the only way to be sure. :-P

      --
      Lost at C:>. Found at C.
    15. Re:My question about IV... by Profane+MuthaFucka · · Score: 1

      I have a patent on sperm production. I found a violator and told him that he couldn't afford my licensing fee. But his wife could.

      --
      Fascism trolls keeping me up every night. When I starts a preachin', he HITS ME WITH HIS REICH!
    16. Re:My question about IV... by Anonymous Coward · · Score: 0

      From my perspective, IV exists to remove money from "the system" while not creating any value. Of course, when they sue companies and get cash or when the silently license some patent to a company they are taking money - from that company. This gets passed along to consumers in the form of higher prices. So basically IV exists to take money out of my wallet and yours and give nothing of any value in return.

    17. Re:My question about IV... by satuon · · Score: 1

      Isn't there a rule that you have to inform people about your patents, so it doesn't become like a trap/landmine? "Letting" people invest in the technology first violates this rule.

    18. Re:My question about IV... by hey! · · Score: 1

      Permit me to play devil's advocate here.

      Let's say you're an inventor. You're great at understanding mechanical problems from angles other haven't thought of. But you don't know anything about finance, managing suppliers, running a factory, marketing or selling. So what you do is you license your patents to people who do know those things. Because you do have common sense you form a corporation to handle the licensing in order to limit your liabilities.

      Are you a patent troll because you don't *make* anything? No. You perform an important service to society, namely inventing, and you get paid for it.

      So far you've taken all those tasks you don't know about and probably wouldn't be good at (e.g. marketing) off your plate so you can concentrate on what you are good at (inventing). Let's take that a step further. You're still mucking around with non-inventing stuff. You're running an invention company, which involves a lot of non-inventing nonsense that's not your cup of tea. So let's say you sell your patent to a company that will manage the licensing for you. After all, that's what you've done *legally* in the first scenario; the rights to the patent are transferred from one person (you) to another person (your corporation). The only difference is that you don't own or run the recipient.

      Is the company you sell your patent do *necessarily* a patent troll? After all they are doing *you* the inventor a useful service by keeping you chained to your magical inventing anvil. Making something is enough to absolve a company of being a patent troll, but not making something isn't enough to convict it. So what is?

      I believe that the essential condition for patent trolling is this: a patent troll's business model consists of ambushing companies that inadvertently and independently come up with things that infringe patents it holds. The problem with the patent troll business model is that it actually works best with relatively weak patents. Those are the techniques most likely to be independently arrived at, providing the patent troll with an involuntary "sale".

      A true patent troll is a parasite that rather than promoting technological advancement, predates on it by attaching itself to hosts that are going about business as usual. Where the host is financially weak, the parasite drains it dry. Where the host is strong, the parasite does not attack unless the cost of the host defending itself and risking disruption to its profitable businesses exceeds a payoff that looks to the parasite like a good payday.

      What I think is that a patent holder ought to be obligated not just to react to patent infringers, but to actually promote the adoption of of its IP, either by making something or marketing the invention to companies that do. If you don't at least market the invention, the patent expires. If you *do* market the invention, until you make one non-ambush sale your damages are limited to something like 5x your promotion costs. That's still a good ROI, just not enough of a pot of gold to start prospecting for crappy patents.

      --
      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
    19. Re:My question about IV... by Grond · · Score: 1

      Universities, colleges and research labs still produce things. IV does not

      You are aware that the patents at issue in these suits were mostly acquired from companies that produce products, right? That these are mostly not IV's own patents?

      No original research and development goes on there - they are lawyers, not creators.

      This is plainly false. IV employs quite a few creative people. Just check their job listings. I see positions for scientific modelers, computational scientists, fuel performance analysts, fuel mechanical design engineers, and other inventive workers.

      the key test, in my mind, should be active usage of the patent.

      This is not an original idea. Many countries have 'working requirements' (India and Turkey are two examples). In practice they do not work because there are many, many reasons why a patented invention may not be on the market. It may need regulatory clearance (e.g. a drug), it may depend on other technologies not yet fully developed or commercially practical, it may be too expensive, it may require infrastructure that isn't in place, the company may be waiting on venture capital or waiting out a recession, etc, etc, etc.

      If you can come up with an effective, practical working requirement scheme, there's a publishable law review article in it for you as well as some members of Congress that would probably like to hear from you.

    20. Re:My question about IV... by sumdumass · · Score: 1

      There probably isn't but there should be. That's really how these trolls get their abilities.

      I think I would like to see some sort of compulsory licensing scheme to avoid patent litigation in which after X many years, any patent holder would have to license their patent out for some standard fee that would change depending on if they produced anything the patent covered or not.

    21. Re:My question about IV... by suutar · · Score: 1

      I don't think he was griping about the patents themselves, mostly. He was simply heaping scorn on a business model whose only income streams are patent licensing and lawsuits, and whose only product is patent applications.

    22. Re:My question about IV... by Anonymous Coward · · Score: 0

      This is the sort of situation that calls for justice... angry mob justice. These people know that their behavior is parasitic and harmful to the society that they exploit. If society protects itself by removing them, they're in no position to protest.

    23. Re:My question about IV... by afidel · · Score: 2

      The normal practice in these sorts of things is to "sell" the asset off into a shell company which racks up the lawyer debt, if they win they pay some insane percentage to the parent company as residuals, if they lose there are no assets to come back on for the counter party lawyers fees or any countersuit.

      --
      There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    24. Re:My question about IV... by dpilot · · Score: 1

      Well now that you've said that you've acknowledged that you know of their claim, and I presume you've continued to breathe. So when the lawsuit comes you'll be liable for triple damages.

      --
      The living have better things to do than to continue hating the dead.
    25. Re:My question about IV... by Opportunist · · Score: 3, Insightful

      Even if there is, do you go to the patent office every time you do something obvious just to check whether the idiots granted a patent on it without having a clue just that they just patented the equivalent of the wheel?

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    26. Re:My question about IV... by h4rr4r · · Score: 1

      So what they do is prevent anyone from ever doing anything without paying rent. Lovely.

    27. Re:My question about IV... by Opportunist · · Score: 1

      "Nice company you have there. Say, did you know that it's cheaper to hire someone to liquidate you and your company than to pay for your patents?"

      Remember kids, when you blackmail and extort, don't charge more than the killer costs to get rid of you.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    28. Re:My question about IV... by Anonymous Coward · · Score: 0

      Why not just patent masturbation, sex, pregnancy, and birth? Sperm production is too broad. It's all about the nickel and dime. Let's call it a real life DLC pack.

    29. Re:My question about IV... by CrypticSpawn · · Score: 1

      We have seen it. It is ACACIA, they have been doing it for years.

    30. Re:My question about IV... by niftymitch · · Score: 1

      They'll "let" other people use them.... and then sue them. Without even looking at it, I'm sure some of the patents are so broad I'm violating one by breathing.

      Exactly... consider that the state of California is known to contain chemicals known to produce cancer.

      --
      Truth is stranger than fiction, but it is because Fiction is obliged to stick to possibilities; Truth isn't. Mark Twain.
    31. Re:My question about IV... by hairyfeet · · Score: 1

      What you are thinking of is called Estoppel but thanks to submarine patents which were only ended in 2000 you're screwed until 2017 just on those. That of course don't count all the patents given to tiny companies that end up tits up or selling out to trolls like Intellectual Vultures. And if you actually do a search even if you don't find squat they could claim willful infringement and get treble damages because they could claim "well he searched so he MUST have come across ours". Yeah the whole thing stinks.

      Really this whole damned landmine that is patents and copyrights need to be straightened out ASAP, or we might as well just stop producing squat and turn the whole country into a *.A.A trolling group. Because China and India aren't gonna play our little artificial scarcity games and will be happy to build innovations on top of our "IP" while our companies can't take a breath without tripping over someone's patent for "method of oxygen locomotion" and getting bit in the ass. Patents and copyrights were originally envisioned to protect the little guy from being robbed by the big guys, who could just steal their ideas and crush them in the market. But now that legal fees can easily end up in the tens of millions it is nothing but a tool for the megacorps to print money and for trolls like Intellectual Vultures to leech off production without actually having to produce anything.

      --
      ACs don't waste your time replying, your posts are never seen by me.
  2. Good? by JustNiz · · Score: 2

    Good, I think. Hopefully this will finally cause big companies to fight to get rid of software patents and patent troll companies as a whole.

    1. Re:Good? by LordNacho · · Score: 2

      Who makes money from the current patent system? Lawyers, on both sides. We should change the laws.

      What kind of people get elected to Congress?

      http://answers.yahoo.com/question/index?qid=20071025191741AAnHym8

      Oh crap.

    2. Re:Good? by Anonymous Coward · · Score: 0

      You are a naive little boy. You don't understand how the game works do you? I could tell you, but that would ruin it for you.

    3. Re:Good? by Anonymous Coward · · Score: 0

      Nathan Myhrvold legacy for all time is, he's a scum ball that slowed innovation. Hope he suffers from a disease they find the cure for the day after he dies.

    4. Re:Good? by Anonymous Coward · · Score: 0

      Personally I doubt it. There is so much revenue spent/made at every step of a patents process, that it is more likely to have serious lobbyists.

    5. Re:Good? by pnewhook · · Score: 1

      Completely agree. Either a massive overhaul or throw out the entire patent system or at least the software part. It does no one any good except for lawyers.

      At the very least, implement something like if a patent has not been actively developed into a product within two years, and/or if that product is not available to the public from five years of patent issue, then the patent becomes invalid and is automatically released into the public domain. This would keep patents to their true purpose - idea sharing, not padding lawyers pockets.

      --
      Tesla was a genius. Edison however was a overrated hack who liked to torture puppies.
    6. Re:Good? by Haeleth · · Score: 1

      Hopefully this will finally cause big companies to fight to get rid of software patents and patent troll companies as a whole.

      Yeah, it's a sure-fire win, just like the War to End All Wars.

      Oh, wait, we had to rename that one "World War I", didn't we? Maybe this whole "allow massive damage in order to show people the error of their ways" thing isn't quite so effective after all.

  3. Troll'd by diskofish · · Score: 3

    You've been troll'd!
    You've been troll'd!
    Have a nice day!


    Troll'd

    1. Re:Troll'd by angiasaa · · Score: 2

      Oh the weather outside is frightful,
      But the fire is so delightful,
      And since we've no place to go,
      You've been troll'd, You've been troll'd! You've been troll'd!

      It's a bit early, but I could'nt help myself. Merry Christmas! :D

      --
      Geekism is your _only_ God!
    2. Re:Troll'd by Valtor · · Score: 1

      ...Have a nice day!

      Here in Canada, we say:

      Have an ice day !

      --
      "Sockets are the standard networking API, also useful for stopping your eyes from falling onto your cheeks" zeromq.org
    3. Re:Troll'd by twidarkling · · Score: 1

      Close, but it's actually: "Have an ice day, eh?"

      --
      Canada: The US's more awesome sibling.
    4. Re:Troll'd by gstoddart · · Score: 1

      Here in Canada, we say:

      Have an ice day !

      Eh. ;-)

      --
      Lost at C:>. Found at C.
  4. Good. by h4rm0ny · · Score: 4, Insightful

    Well, it's not good directly, but if the big companies start getting hit by patent attacks, then we might soon see absurd patent laws and approvals get an overdue overhaul. Previously, they've seemed like an advantage to the big players because they form a barrier to entry that keeps out new competition. The big players have armouries of patents and, much like nuclear weapons are supposed to protect through a principle of MAD, they didn't use them on each other much. But it seems there is rampant proliferation and we're seeing patent fights between big players erupt despite this (e.g. Nokia and Apple). So maybe disillusionment with them will creep in. And unlike nuclear weapons, disarmament is simple - big companies can't advocate for a change in the laws of Physics, but changes in the laws of the land, they can do.

    Maybe it's optimistic. Maybe it will all settle down into a cartel and the patent threat to small players will remain. But if the patent trolls are greedy enough to really take a bite out of the hand that feeds them, perhaps not.

    --

    Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    1. Re:Good. by cptdondo · · Score: 4, Insightful

      To put in the perspective of world politics, the big companies are like Russia, China, or the US. Each has significant assets to protect, making MAD a viable way to protect themselves.

      The patent trolls are like North Korea or Iran; they have no real assets to protect and nothing of significant value that can be destroyed (assuming you don't give a damn about people or jobs, which they don't).

      So as long as the big companies have something to protect, the North Koreas and Irans of the business world will continue to harass them until the rules change.

    2. Re:Good. by h4rm0ny · · Score: 2

      You miss the point that I was making. Microsoft or Motorola can't recommend that the laws of Physics be changed to make Nuclear weapons ineffective (well, they could, but only for the lulz). However, they can quite plausibly bring about patent reform by pushing for changes in the laws of, well, law. ;)

      A few super-powers having nuclear weapons gives them a game advantage over the non-nuclear powers. But when that strategy fails, it is better for them to have everyone disarmed and fall back on their mighty conventional forces. As I said in my post, this may not be an option with nuclear weapons (though I would like to see disarmament), but it certainly is with patents. Don't take analogies too far.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    3. Re:Good. by h4rm0ny · · Score: 1

      Follow-up to my previous reply: I think I slightly mis-read you when you expanded on and improved my analogy. I guess on Slashdot I'm just used to posts following the pattern or Statement - > Disagreement. ;)
      Sorry.
      H.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    4. Re:Good. by Anonymous Coward · · Score: 0
    5. Re:Good. by chrb · · Score: 1

      The patent trolls are like North Korea or Iran; they have no real assets to protect and nothing of significant value that can be destroyed

      Not really. "The economy of Iran is the eighteenth largest economy in the world by purchasing power parity". Iran has lots of oil and gas. And the people in charge do have something to lose: power, control, influence, personal wealth. Same thing for the guys at the top of the North Korean system.

    6. Re:Good. by Bigjeff5 · · Score: 1

      The trouble is any overhaul of the system prompted by big business is going to largely help big business only.

      There is a chance our lawmakers could be reasonable, and evaluate things with both big business and the general public's interests in mind, but lets face it, they don't exactly have a history of being calm, rational, and reasonable.

      Take the current tax cut extension debate: The (liberal) democrats want to screw the rich, even if they have to screw the poor and middle class to do it. The Republicans could care less about the poor and middle class, but recognize that they can protect their rich buddies and score political points by making an all-or-none stand on the tax cuts. Obama is in the middle, finally growing a spine (only after the house and senate dems have been neutered, mind you), saying "You guys, we cannot keep screwing the poor and middle class, just make a compromise!"

      --
      Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
    7. Re:Good. by h4rm0ny · · Score: 1

      The trouble is any overhaul of the system prompted by big business is going to largely help big business only.

      The trouble is caused by bad patents and the way that using them to attack someone is so trivial. How do you think the law would be re-worked to remove these factors in a way that would be anti-competitive?

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
  5. Yes, Per Patent by eldavojohn · · Score: 4, Informative

    Will IV allow licensing of their patent portfolio, or will they do like a lot of companies, just get patents so nobody else can use them?

    Well, from their their website they list all their "products" and services:

    • Purchasing a nonexclusive license to relevant IV portfolio(s) on a term or life-of-patent basis
    • Purchasing an exclusive license (subject to pre-existing licenses) to selected IV invention(s) on a term or life-of-patent basis
    • AccessingIntellectual Property to use as defense against the threat of corporate assertions
    • Leveraging IV’s sophisticated acquisition capabilities to gain access to inventions of particular interest to you
    • Using IV as a financing source for mergers & acquisitions (M&A) whereby IV agrees to purchase a target company’sIntellectual Property to “bridge” the acquirer’s effective offer
    • Creating new inventions in conjunction with IV’s inventors and invention process

    The first bullet appears to answer your question that yes, they do. But when you say "patent portfolio" I don't think you'll find anyone with enough cash to access to the whole portfolio, most likely it's one license to one patent at a time. I think their big "product" is providing a service to liquidate your patent very easily (like a pawn shop for patents) so far. This salvo may change that.

    --
    My work here is dung.
    1. Re:Yes, Per Patent by kj_kabaje · · Score: 1

      It looks like they've only been awarded about 10, based on google patent search engine.

  6. swine... by spidercoz · · Score: 3, Insightful

    Corporate leeches like this are why American capitalism is in the toilet.

    --
    "I disapprove of what you say, but I will defend to the death your right to say it." - Evelyn Beatrice Hall, re Voltaire
    1. Re:swine... by noidentity · · Score: 5, Insightful

      No, the corruption of capitalism with imaginary property is why these things are in the toilet. It's an artificial monopoly over everyone's (non-imaginary) property.

    2. Re:swine... by Anonymous Coward · · Score: 2, Insightful

      Corporate leeches like this are why American capitalism is in the toilet.

      Well, this is American capitalism at its finest, and it's the logical conclusion of the way they do things. The whole ACTA treaty is so that patent-trolls and IP lawyers can sue every last motherfucker on the planet.

      The American notion of capitalism is the most bloated, fucked up, and protectionist thing you can imagine. For a country that constantly says how much they want the free market and free trade, they do everything they possibly can to make sure that neither could possibly exist.

      Sorry America, but you brought this on yourself. Fuck you for foisting this crap on the rest of us.

    3. Re:swine... by Rogerborg · · Score: 1

      Most capitalism is and always has been about imaginary property.

      Here, I'll show you. You go build me a car factory, and in return, I'll give you a shiny number of your very own. Then you give some of your number back to me and in return I'll give you a car from my factory.

      --
      If you were blocking sigs, you wouldn't have to read this.
    4. Re:swine... by h4rm0ny · · Score: 1

      But then you can give some of noidentity's number to another person who will give you food and clothing for your children, for example. So you didn't give your car in return for nothing, there's merely a time delay before you get something solid in return for it.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    5. Re:swine... by BlitzTech · · Score: 1

      Your argument boils down to eliminating arbitrary currency on the basis of it having no intrinsic value. Would you propose we return to a barter system? The only reason currency works is because it has use as a universal exchange medium between arbitrary sets of goods; bartering requires both parties have something the other party wants.

      Faith in the buying power of currency is what gives it value, because without it, the exchange of goods would be so unnecessarily difficult as to significantly hinder the exchange of goods and overall economic growth. You seem to have a massive failure in understanding of what people on /. mean when they say "imaginary property", which is "intellectual property". It has nothing to do with assigned value to intrinsically worthless materials (currency).

    6. Re:swine... by gtall · · Score: 1

      Hardware stores, Sears, auto dealerships, pawn shops, grocery stores, shoe stores, firework stores, doctor practices, etc. That's real property.

      Most of capitalism is not about imaginary property. And if you had a large company that scaled up by employing hundreds or thousands of people only to have (cough) Chinese companies come in an steal your special sauce, you'd suddenly find imaginary property is your hundreds or thousands of employees being laid off. Them are imaginary property.

    7. Re:swine... by Your.Master · · Score: 1

      I think that's a good argument to get people to stop calling it "imaginary property". Things like currency and many forms of contract (retainers, rental agreements, etc.) fit under an intuitive definition of "imaginary property" and not under one of "intellectual property".

      Twisting words like that to inject your opinions has always struck me as juvenile. I don't mean to pick on anybody here in particular -- slashdot has its jargon. But imagining this term at the outset makes me think of a grown man heckling a little girl giving a sales pitch for cookies: "Suzie? More like Snoozie! Am I right or am I right?"

    8. Re:swine... by ninja59 · · Score: 1

      I think everyone here is being very short sighted with your concepts. Capitalism is an excellent way to distribute resources and organize groups of people when there is something new and needs new organization or distribution. It quickly becomes dominated by someone/business that must be broken down (ie trust busting or splitting the winner to maintain the useful competition that originally distributed the resource.) This is the role of gov't, or should be; regulate and protect the public because the natural end result of capitalism is to maximize profit which at some point will mean "take advange of little guy because we just can't reasonable be more efficient and we already killed the competition." What I am saying is that we should be looking for a cyclical phenomena. Capitalism sees this non-tangible thing/concept of IP and takes advantage. It created huge companies like MS. Google and Co. who in turn have thousands of employees who buy stuff and the system goes forward. This power has been concentrating since the IT bubble bust and now it is reaching the tipping point; something's gotta give. IV is an example of this. The exploitation must cycle again or a new thing will come up. It's like populism, a great concept but not complete. Populism wants the best for those who have the least. If it succeeds it destroys itself and there must be a plan for what we do when "now those who had the least have more." Capitalism is the same, it does one thing really well but there must a next step for when it finishes distributing.

    9. Re:swine... by Bigjeff5 · · Score: 2

      You are very much correct.

      We have intellectual property because we decided a long time ago that ideas have value. If they have value, should it not be possible to buy, sell, or trade them? And if they can be bought, sold, or traded, are ideas then not a form of property that can be owned?

      It is certainly very different than ordinary property, and so special rules must apply, but it is most certainly real.

      People get confused by these things often, but the fact that it does not have an physical form that you can touch does not mean it isn't real. For example: a point a foot and a half above my table and halfway between my face and my monitor is very much real, and certainly exists, but it is not a physical object. I can look at the point, I can observe the point, I know exactly where it is, yet I cannot move or touch it, and it is made up of nothing except an idea in my head.

      That point is real, but it has no physical form - it is simply an idea. Same with books - the book is not the ink or the paper, it's the ideas the ink and paper convey. As such it doesn't really matter what happens to the book, it's the ideas that are important, and they need protecting. We've gotten a bit ridiculous with our protection in that regard recently, but the core of the thing - protecting ideas - is essential for ideas to flourish.

      --
      Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
    10. Re:swine... by noidentity · · Score: 1

      Here, I'll show you. You go build me a car factory, and in return, I'll give you a shiny number of your very own. Then you give some of your number back to me and in return I'll give you a car from my factory.

      Well, who is to blame, the car factory guy, or the guy who voluntarily built it, knowing this is what he would get in exchange (not that this is really all he gets in reality, but I'll play allong with your hypothetical)?

    11. Re:swine... by noidentity · · Score: 2

      Yes, ideas like physical things have value. Unlike physical things, they're not limited in the number of users. If I have a grape, I can eat it. If you take it from me and eat it, I can't eat it anymore, and must find something else to eat. If I have the idea of how to double my grape harvest, your using that idea as well doesn't diminish my grape harvest. This is the fundamental difference, and why it's imaginary property. To treat it like real property is insane, because it means I now have control over everyone's grape growing. That is, I have just usurped some of their property.

    12. Re:swine... by h4rm0ny · · Score: 1

      It's not the idea that is traded or sold, it is the reward for having or developing the idea. If you suppose that someone should be rewarded for coming up with an original and innovative design or idea that moves the species forwards, then it's arbitrary and incredibly limiting to say that the reward can't be represented as money.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    13. Re:swine... by drsmithy · · Score: 1

      We have intellectual property because we decided a long time ago that ideas have value. If they have value, should it not be possible to buy, sell, or trade them?

      Yes. And if they can be bought, sold, or traded, are ideas then not a form of property that can be owned?

      No.

      We've gotten a bit ridiculous with our protection in that regard recently, but the core of the thing - protecting ideas - is essential for ideas to flourish.

      Because otherwise people will stop having ideas ? Most of the last few millenia of recorded history seem to disagree.

    14. Re:swine... by Rogerborg · · Score: 1

      Would you propose we return to a barter system?

      Sure! Would you trade your strawman for a kick in the balls? OK, special offer: two kicks for the price of one.

      --
      If you were blocking sigs, you wouldn't have to read this.
  7. I for one welcome... by McNihil · · Score: 1

    these Intellectual Vulture Overlords.

    < / s a r c a s m >

    1. Re:I for one welcome... by Stooshie · · Score: 1

      <sarcasm>
      those Intellectual Vultire Overlords
      </sarcasm>
      There, sorted that for you! :-)

      --
      America, Home of the Brave. ... .and the Squaw.
  8. Actually the Article Notes RPX Corp. by eldavojohn · · Score: 5, Interesting

    Good, I think. Hopefully this will finally cause big companies to fight to get rid of software patents and patent troll companies as a whole.

    Actually, the response has not been to rid the world of software patents as you so hoped and the threat of Intellectual Ventures has long been affecting companies. From the article:

    The threat posed by Intellectual Ventures helped prompt the rise of firms like RPX Corp. It is paid by companies to buy up potentially threatening patents; the companies receive licenses to those patents, and RPX pledges never to sue over them.

    Think about that for a second. The system for software patents is so screwed up and backwards that it's cheaper to pay someone to buy up a patent and promise to never sue over it than it is for you to build a patent war chest and wait for the big one to hit. It's like patent insurance. Easily the most interesting thing in the article to me. Unfortunately this shows tolerance and a way to move forward.

    --
    My work here is dung.
  9. Legal Blackmail by Infiniti2000 · · Score: 4, Interesting

    My biggest gripe about patents is that they're kind of like legal blackmail. "Pay me money or I'll ruin your company in a large number of frivolous lawsuits." Patents were originally intended to protect inventors, but companies like IV have provided an evil twist.

    1. Re:Legal Blackmail by spidercoz · · Score: 1

      Might be a plausible defense against IV under RICO statutes. How crap like this could not be considered extortion is beyond me.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - Evelyn Beatrice Hall, re Voltaire
    2. Re:Legal Blackmail by shentino · · Score: 1

      RICO only applies to *criminal* acts.

      Unless you can prove extortion, RICO won't even be in town, let alone knocking at the door. And since patent infringement is a *civil* matter, good luck with that.

      Thing is that patents are such a mess that it's hard to establish that the lawsuits are frivolous.

    3. Re:Legal Blackmail by Anonymous Coward · · Score: 0

      Not blackmail ... extortion.

    4. Re:Legal Blackmail by spidercoz · · Score: 1

      Actually, no, it applies to civil proceedings as well.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - Evelyn Beatrice Hall, re Voltaire
    5. Re:Legal Blackmail by randoms · · Score: 0

      Yep!

    6. Re:Legal Blackmail by randoms · · Score: 0

      Indeed. The one with the money wins.

    7. Re:Legal Blackmail by DRJlaw · · Score: 1

      Patents were originally intended to protect inventors, but companies like IV have provided an evil twist.

      The evil twist being that they buy patents from inventors willing to sell their patents to them?

      How is the intention to protect inventors thwarted by allowing inventors to sell their inventions to a business rather than develop a business themselves?

      How is the intention to protect inventors thwarted by allowing them to sell to anyone who can meet their price, whether the business manufactures something under the patent or merely intends to license the patent to others?

      You might as well wage war on "used car trolls." Evil businesses that buy used cars with no intention to drive the cars themselves, but instead to hold them hostage until some saintly individual needs to buy one to haul Grandma to church on Sundays.

    8. Re:Legal Blackmail by HungryHobo · · Score: 2

      Why would they bother buying any patent off the inventor when they can just spin off 10 or so trivial patents on any of the even slight variations of the concept?

      They then rip off the concept and sell their own liscences and if the real inventor objects they can just threaten to use their own 10 patents against his 1 and tie him up in court until his cute little startup bites the dust.

      then they buy the patent for a song when his startup fails and is liquidated.

    9. Re:Legal Blackmail by twidarkling · · Score: 1

      Patents were originally intended to protect inventors, but companies like IV have provided an evil twist.

      The evil twist being that they buy patents from inventors willing to sell their patents to them?

      No, the evil twist being that they sit on the patents, not using them, hoping that if someone concurrently develops something similar, they can use any patents of a similar nature to beat the ever-living fuck out of the new guy in court for patent infringement unless he pays them a hefty fee. Thus patents are punishing inventors.

      You're kinda dumb, aren't you?

      --
      Canada: The US's more awesome sibling.
    10. Re:Legal Blackmail by DRJlaw · · Score: 1

      No, the evil twist being that they sit on the patents, not using them, hoping that if someone concurrently develops something similar, they can use any patents of a similar nature to beat the ever-living fuck out of the new guy in court for patent infringement unless he pays them a hefty fee. Thus patents are punishing inventors.

      The inventor could not do this himself? BTW -- the grandparent said nothing about patents being intended to protect re-inventors. They are not and never were.

    11. Re:Legal Blackmail by suutar · · Score: 1

      Actually, no. They were intended to help get more new ideas out into the open. Protecting inventors from uncompensated idea-copying for a limited time was the _method_, not the _purpose_.

    12. Re:Legal Blackmail by Infiniti2000 · · Score: 1

      The inventor could not do this himself? BTW -- the grandparent said nothing about patents being intended to protect re-inventors. They are not and never were.

      Typically not, no. Most inventors that sell their patents to companies like IV probably can't afford to prosecute them. Otherwise, they wouldn't sell them! I suppose another reason is that the patents aren't worth anything, but all that does is prove that there's an evil twist.

      Don't tell us you seriously think IV is planning to only file non-frivolous lawsuits. No way they bought all those fucking patents (many I'm sure are useless), only to file the infringement suits they think are useful. With all that cash on hand, they plan to force the "infringing" party to spend so much in court costs that they can be reasonably expected to fight, or that they won't even think it's worthwhile to fight.

      This is therefore no longer about protecting the invention (patent) from willful infringement, it's about establishing precedence/claimants for a stronger position to really screw people. By forcing 1 small company to pay on a "frivolous" lawsuit for a bullshit patent, they establish a better case that's a good patent and can use that precedence to screw bigger companies.

  10. But they got TAX BREAKS by dmomo · · Score: 2, Insightful

    I thought the justification for continuing tax breaks for the wealthiest Americans was that it would help the economy, because investment would trickle down through innovation / job creation. Here is a wonderful counter point to that argument.

    If we want to entice the wealthy to use money to create jobs, why don't tie their rewards directly to job creation? These people are actually killing the economy and making people poor by creating a money-sink in the economy where no value is added. They are not only hurting these big companies with their greed, they are helping to force a divide in wealth distribution and indirectly making real people go hungry.

    1. Re:But they got TAX BREAKS by cavtroop · · Score: 1

      who do you think MAKES the laws?

    2. Re:But they got TAX BREAKS by microbox · · Score: 3, Insightful

      These people are actually killing the economy and making people poor by creating a money-sink in the economy where no value is added. They are not only hurting these big companies with their greed, they are helping to force a divide in wealth distribution and indirectly making real people go hungry.

      Your logic is impecable; however, it will bounch straight off of market fundamentalists. The economy of imaginary things is precisely what the new world order stands for, and an expression of the correctness of laisezz-faire capitalism. Railing against it is totalitarian, and will just interfer with wealth creation and freedom. Interesting that wealth is created out of imaginary things that are meaningless, trivial, and detrimental to getting real work done. But, in the words of one venture capitalist: IP is the new gold. The economy has to grow somehow -- and that is the ultimate rationalisation for this madness.

      --

      Like all pain, suffering is a signal that something isn't right
    3. Re:But they got TAX BREAKS by gtall · · Score: 1

      His logic isn't impecable (sic) nor impeccable. His unfounded assumption is that the wealthy are not using money to create jobs. Very few of the wealthy are patent trolls as the gp seems to think. He's arguing that the few examples he thinks he sees allow him to damn a whole class.

      Many of the wealthy got there by investing in companies that produce jobs. Some greedy have destroyed jobs, but one doesn't need to be wealthy to be greedy as legions of Business School Product will attest.

    4. Re:But they got TAX BREAKS by radtea · · Score: 2

      Your logic is impecable; however, it will bounch straight off of market fundamentalists.

      "Market fundamentalists" aren't even self-consistent. Corporations exist solely due to interference in the free market by the Nanny State in the form of various Companies Acts.

      A "truly free" market would have no corporations, as it would not permit limited liability for individuals. That liability limitation is a huge interference with the legal basis of a free market.

      And because corporations would not exist in a free market, they cannot reasonably expect to operate in one: the state, which protects corporate owners from liability, clearly also has a warrant to make laws that protect non-corporate entities from the actions that those same owners take in the non-free market that allows corporations to exist.

      --
      Blasphemy is a human right. Blasphemophobia kills.
    5. Re:But they got TAX BREAKS by WilCompute · · Score: 1

      During the years 1999 - 2008, government documents say that no new jobs have been created by anyone but small businesses. Can't find the link right now, but will edit as soon as I do.

      --
      NDxTreme Content on the Edge.
    6. Re:But they got TAX BREAKS by twidarkling · · Score: 1

      No, many of the wealthy got there by knowing how to game the system, or by inheriting their wealth. Why do you think so many freighters and other resources are registered out of the Bahamas, or Indonesia, or place like that, when their owner is the whitest mofo ever, and with no vested interest in the point of registration? Because it's orders of magnitude cheaper. Same with bank accounts and housing. The reason the rich stay rich is they can afford to spend *some* money up front to find the cheapest way to do something, and save/earn more, even if it's damaging to the economy in the long run.

      --
      Canada: The US's more awesome sibling.
    7. Re:But they got TAX BREAKS by Archangel+Michael · · Score: 1

      Actually, you're only partially right. Corporations allow for economies of scale that pure private ownership cannot. The problem, as you've identified is lack of accountability in the form of liability.

      One can have accountability and liability if the corporations actions were held against the board of Directors and the Senior staff. These two groups almost always get free ride on liability. Additionally if we instituted a corporate death penalty for extreme negligence and criminal acts by corporations, where the state would assume all assets, liabilities are dismissed and ownership of stock dissolved, the stakeholders would INSIST on acting responsibly.

      I have one further twist on corporate management, that is tax the transfer of wealth between corporate entities, so that shell games of shifting money between wholly owned corporations are reduced. That way when XYZ Licensing Corp gets paid by XYZ Commercial Holdings, who got paid by XYZ Industries, to avoid tax liabilities in one jurisdiction is eliminated.

      But that is just me.

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    8. Re:But they got TAX BREAKS by mcgrew · · Score: 3, Insightful

      I thought the justification for continuing tax breaks for the wealthiest Americans was that it would help the economy, because investment would trickle down through innovation / job creation.

      "Trickle down economics" is rank bullshit. Wealth doesn't trickle down, it flows up. Wealth is created on the factory floor, the programmer's cube, the fry cook's stove. The wealthy do not create wealth, they control wealth.

      Giving a rich man money doesn't give him any incentive to put it into the economy at all, let alone create jobs. If business is bad and he can't sell many of his wares, no tax break will induce him to hire. The only way he's going to hire is if demand for his product outstrips his capacity to supply it.

      If you want to stimulate job creation, you give tax breaks to the middle clas and poor. Especially the poor, who have to spend that money out of necessity. They spend that extra money on goods that the rich man's employees creates, and if they buy enough, the rich man will have to hire to meet the demand.

      Don't give a tax break to the rich for hiring the poor, give it to the poor themselves.

      Note that most poor in the US are, in fact, workers.

    9. Re:But they got TAX BREAKS by drsmithy · · Score: 1

      If you want to stimulate job creation, you give tax breaks to the middle clas and poor. Especially the poor, who have to spend that money out of necessity.

      The problem with this is a) tax cuts for the poor and middle classes almost always inherently include tax breaks for the wealthy (albeit minor ones) and b) most of the poor don't end up paying tax anyway, so the benefit to them of paying less tax is frequently zero.

    10. Re:But they got TAX BREAKS by microbox · · Score: 1

      His unfounded assumption is that the wealthy are not using money to create jobs.

      It is a question of efficiency. Investment capital is a key component of the economy, and one argument for regulation is that that capital ought to be efficiently utilized. Instead we seem to assume price equals value as some mystical truth, and that somehow the market can use this principle to find its most efficient manifestation. Yet this wide-eyed idea is not founded in fundamental qualities of human nature. I mean our madnesses: pride, irrationality, greed, dominance, corruption, nepotism, cronyism, narcissism, ignorance, superiority, chauvinism, etc. Power becomes a law unto itself, and corrupts, which is why we have the separation of powers within our culture. The breakdown of the separation of powers is being used by plutocrates of the US to solidify their power, and that is instinctively more important than efficiently investing capital. The values that made our society great in the first place is what is at stake.

      --

      Like all pain, suffering is a signal that something isn't right
    11. Re:But they got TAX BREAKS by microbox · · Score: 1

      Corporations allow for economies of scale that pure private ownership cannot.

      wtf? He is talking about limited liability, not economies of scale. If there were no corporations, then investors in market activity become legally liable for the activities of the company. He's talking about removing corporations, but not removing companies. Corporation laws have a nasty side-effect that creates a moral race to the bottom, and we have seen some repugnant acts from companies yet nobody is held responsible. Wouldn't it be nice if powerful people would be more responsible for the shit they make? Instead we reward the psychopath, and many CEOs are psychopaths.

      The state introduced this problem, and they should protect against it, if the corporation is such a wonderful thing. Instead we see corporations being used as a power grab for plutocrats.

      --

      Like all pain, suffering is a signal that something isn't right
    12. Re:But they got TAX BREAKS by Archangel+Michael · · Score: 1

      Yes, he was talking about liability, and I was sort of (read the rest of my post). What I said was that limited liability was not the SOLE reason for corporations. Sorry if that was not clear.

      And yes, we need to add back into corporatism the concept of liability, via holding corporate officers and board members PERSONALLY liable for the ILLEGAL decisions they make, on behalf of the corporation. In addition, when a corporation becomes the corrupt beyond repair, the government ought to institute the corporate death penalty, where all assets are seized, liabilities dismissed, and charter dissolved, leaving shareholders with nothing but paper good for wiping their butts.

      Too big to fail shouldn't be a reason to keep something around, as all it ends up being is an excuse to continue poor business practices and stealing from the tax payer.

      I doubt I'll be able to afford a nice GM car in spite of my taxes going to prop it up.

      --
      Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.
    13. Re:But they got TAX BREAKS by mcgrew · · Score: 1

      a) tax cuts for the poor and middle classes almost always inherently include tax breaks for the wealthy

      True, but there's no good reason why they have to

      b) most of the poor don't end up paying tax anyway

      On the contrary, the poor DO pay taxes, and lots of them. Anyone earning more than $5.00/yr pays US Income taxes. Granted, they don't pay much, but they do pay. Someone working 40 hours a week making the minimum wage of $8.50/hr earns $17,680 per year (that's only 340 dollars per week!) pays $2,136 in Federal income tax. Then there are all the myriad other taxes. State income taxes, State, county, and city sales taxes, Excise taxes on gasoline, tobacco, alcohol. The poor rent, so they don't get a mortgage deduction -- their landlords do. But they pay property taxes as part of their rent*.

      Some states and localities even have sales tax on food and medicine.

      *IMO property taxes are the most evil taxes of all, and should be abolished. About 20 years ago I knew an elderly couple who lost their home; it had been paid for for decades, but their retirement income didn't match the real estate market, so the taxes wound up being far more than the house payments thay'd been paying before it was paid off!

      The fairest tax is a graduated income tax with no deductions. Get rid of the Capital Gains tax and tax capital gains as income, and you raise more revenue for government while making the system more fair. Why should a roofing contractor who earns $100k/yr pay twice the taxes as someone who "earns" his money gambling the stock market?

    14. Re:But they got TAX BREAKS by drsmithy · · Score: 1

      On the contrary, the poor DO pay taxes, and lots of them. Anyone earning more than $5.00/yr pays US Income taxes [irs.gov]. Granted, they don't pay much, but they do pay. Someone working 40 hours a week making the minimum wage of $8.50/hr earns $17,680 per year (that's only 340 dollars per week!) pays $2,136 in Federal income tax.

      However, they get tax rebates and various other payments that more than exceed the amount of income tax they pay.

      Then there are all the myriad other taxes. State income taxes, State, county, and city sales taxes, Excise taxes on gasoline, tobacco, alcohol. The poor rent, so they don't get a mortgage deduction -- their landlords do. But they pay property taxes as part of their rent*.

      None of these are income taxes. Means-testing such taxes (which you must do if you want to add exceptions for the poor) will a) complicate tax laws and b) require normal people to become tax experts.

      The fairest tax is a graduated income tax with no deductions.

      But then you don't tax wealth, which is where the rich "hide" the majority of their worth. An income tax on someone who only "earns" a few hundred grand a year but has a dozen homes all over the world is not "fair".

      Get rid of the Capital Gains tax and tax capital gains as income, and you raise more revenue for government while making the system more fair.

      How well do you think taxing capital gains is going to work out for that elderly couple when their house goes from being worth $200k to $600k during a real estate boom and they're suddenly taxed on $400k of "income" ? If they have a retirement fund making barely enough to cover inflation, why should that increase in value be taxed as income, effectively causing them to lose money in real terms ?

      Why should a roofing contractor who earns $100k/yr pay twice the taxes as someone who "earns" his money gambling the stock market?

      The gambler will still pay income tax when he converts his stocks (which are worthless in and of themselves) into cash (which is actually useful).

      I'm all for punishingly high taxes on the very rich, but it's not as simple as you want to make out.

    15. Re:But they got TAX BREAKS by mcgrew · · Score: 1

      But then you don't tax wealth, which is where the rich "hide" the majority of their worth. An income tax on someone who only "earns" a few hundred grand a year but has a dozen homes all over the world is not "fair".

      I disagree; you should only be taxed on a thing ONCE. The guy with the dozen homes should have already paid tax on the income that was used to buy those houses (and at a greater percentage than a middle class person).

      How well do you think taxing capital gains is going to work out for that elderly couple when their house goes from being worth $200k to $600k during a real estate boom and they're suddenly taxed on $400k of "income" ?

      That's why I'm so against property tax. Without property tax, they're not going to be taxed unless they sell the house. If I invest $200k on a house and sell it for $600k then I should be taxed on $400k of income; if I sell that house and move into a small house in a less prosperous neighborhood that costs $50k, I've earned $400k and spent $50k, leaving me $350k to spend as I want. That's a hell of a lot of cash.

      When they die and will it to the kids, the kids should pay tax on it -- that WAS income.

      I'm all for punishingly high taxes on the very rich

      Well, I'm not for punishingly high taxes on the rich, but I'm very much for a steeply graduated tax, and I think the very rich are paying far too little now. The rich reap most of the benefits of government, while to the poor, government is a thing to be feared and avoided.

  11. Someone should by maakri · · Score: 1

    Someone should patent being a patent troll and then troll all these fucks.

  12. I own a patent. by Anonymous Coward · · Score: 1

    Should I not have the right to sell my patent? If I sell my patent to a holding that chooses to license the patent to other manufacturers, but also sue infringers... Is that trolling?

    I genuinely would like to know what /. thinks the correct answers are to these two questions.

    *posting as AC to protect my karma*

    1. Re:I own a patent. by h4rm0ny · · Score: 3, Insightful

      You make two mistakes in asking what /. thinks are the correct answers. One is assuming that Slashdot has a group mind, the second is that the most vocal are the most representative. But with those caveats:

      Sure, you could sell your patent if that's the best way of capitalising on it. But whether that's good or bad depends on other factors - mainly the validity of your patent. If you just patented an idea that would likely occur to other people and sat on it until someone else did think of it and then sued over it... That would be bad. You've contributed nothing and caused a destructive effect. If you were an independent research chemist who came up with an innovative new process after much testing and it's far from obvious, then by all means approach another company and sell or licence your patent. But you see the difference between the two examples is not whether or not the patent has been sold. It's whether the patent has been originally awarded to someone or some group that actually added to society with their original contribution. What companies like this do, is file as many stupid obvious or natural ideas as they can and then look for someone else to independently stumble into the same area before pouncing.

      The answer to the question of whether you have the right to sell the patent, is actually more, do you have the right to a patent. I.e. did you come up with something genuinely original, either through your unique genius or more likely careful testing and research, that has added to society's capability, or did you write down "a website could have a 'one-click' button that lets you buy things" and wait for someone to implement it.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    2. Re:I own a patent. by Anonymous Coward · · Score: 1

      The answer to the question of whether you have the right to sell the patent, is actually more, do you have the right to a patent. I.e. did you come up with something genuinely original, either through your unique genius or more likely careful testing and research, that has added to society's capability, or did you write down "a website could have a 'one-click' button that lets you buy things" and wait for someone to implement it.

      For argument's sake, let us assume my method legitimately passes all the tests, and that I have the right to patent. If I sell my rightfully obtained patent to a holding that both licenses the patent, and sues infringers; are they necessarily a patent troll?

      I want to know because IMHO I see patents as a double-edged sword for inventors. If I am unable to raise enough capital to launch my invention properly into a marketplace, is it socially acceptable to sell it to an entity such as IV? If it is not, what other recourse would I have to profit (assuming a large sum of money would be required to setup manufacturing)?

      Does the term "patent troll" only apply to entities that only litigate and not license?

    3. Re:I own a patent. by h4rm0ny · · Score: 1

      If I am unable to raise enough capital to launch my invention properly into a marketplace, is it socially acceptable to sell it to an entity such as IV?

      "Socially" depends on the society. If you hang out on Slashdot, it's socially acceptable to rip off people's work and investments because "copying isn't theft", doesn't mean there isn't real world harm. You have to follow your own conscience and reasoning. But yes, if you've legitimately contributed something original and non-obvious to the World but lack the capital, means or time to develop it yourself, sure, it's not wrong to sell that on and say: "this is worth a hundred-thousand dollars, but would take me months I can't afford to bring it to market, would you like it for twenty-thousand dollars and you do the work?" But not to a company like IV. They're not a patent troll because they purchase patents from other people, they're a patent troll because they bury the patents doing nothing useful with them, and wait for someone else to develop a similar idea and piggy back on other people's work. Whoever you sell your patent to, you're effectively forming a partnership with them for moral purposes. Sell it to IV to sit on waiting for an unwary researcher, and that's no different to you doing the same thing yourself, it's merely that you're splitting the profits with a fellow villain. But if say you developed a new chemical process and took it to an appropriate industry company that word build on it and make use of it, then similarly that's no different than you doing so yourself, except that you have found a fellow colleague who will help you in the work.

      If you have a valid patent, a socially positive patent, then like most assets, you can direct that to good or ill. Split the profits (i.e. by selling or partnering) with a socially postive partner, you're doing a socially positive thing. Pick a patent troll (i.e. someone that merely uses it as a trap for others), then you have not.

      If stuck on a moral question, reason through the consequences of your actions, with the more inclusive the good achieved being your rough guide to how moral the action is (i.e. benefits only you - meh, benefits your neighbourhood - better, benefits the whole world - yay!).

      Does that sort of answer what you were asking?

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    4. Re:I own a patent. by Anonymous Coward · · Score: 0

      h4rm0ny, it sure helps! Thanks!

    5. Re:I own a patent. by h4rm0ny · · Score: 1

      You're welcome. But I wouldn't make a habit of seeking moral guidance on Slashdot. ;)

      Good luck with the whole advancing mankind thing. :)

      H.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    6. Re:I own a patent. by Belial6 · · Score: 1

      "Socially" depends on the society. If you hang out on Slashdot, it's socially acceptable to rip off people's work and investments because "copying isn't theft",

      As well as if you hand out any place else in the world. Since everyone thinks that "copying isn't theft". The ones that claim they think copying is theft just don't count the copying they do.

    7. Re:I own a patent. by Wolfbone · · Score: 1

      But whether that's good or bad depends on other factors - mainly the validity of your patent. If you just patented an idea that would likely occur to other people and sat on it until someone else did think of it and then sued over it... That would be bad. You've contributed nothing and caused a destructive effect. [...]

      The answer to the question of whether you have the right to sell the patent, is actually more, do you have the right to a patent. I.e. did you come up with something genuinely original, either through your unique genius or more likely careful testing and research,

      It's futile and neither rational nor ethical to place a moral burden on individual patent owners like this. If you own a patent you have the right to it and to do with it whatever is in your own best interests. Period. Patents are grants of powerful monopoly exclusion rights by definition. They intrinsically can have destructive effects, and insofar as it is even possible to decide objectively what is a "good" and "patent-worthy" invention individually, that is a matter for the legislators, POs and Courts. The consequences of the folly of granting patents too easily; for inappropriate subject matter etc. are deplorable but it's not the fault of the patentees.

    8. Re:I own a patent. by VortexCortex · · Score: 1

      Let's say you have a patent. Advertise it fool. You HAVE the patent, what are you scared of? Otherwise I doubt you actually have a patent, or suppose it to be weak & possibly invalid.

      The correct thing to do is shop it around to companies that could actually use the patent as more than just legal leverage. The wost thing you can do is to sell it to a Troll that will only use the patent as a legal vice to wring money from useful businesses. This is how a troll can get you, you think they will shop the idea around for you, but in reality they will simply hold onto the patent and sue "infringers".

      Perhaps you fear that the idea will simply fall on deaf ears, or be noticed yet remain unused by businesses until after the patent expires. If so: Your Idea Is Not That Important.

      Here's an interesting concept: Did you actually "Rightfully Obtain" said patent? There is one test that you can not ever pass, though it seems to be a requirement, if you have not publicly published your idea AS SOON AS YOU FILED for the patent.

      As you know, the patent system grants secrecy to all patent applications until after they are granted. Patent law also requires that your idea be non-obvious. Patent examiners search for prior-art to prove non obviousness, however, just because they did not find any prior art does not mean your idea is non obvious; Also, they may not be able to discover prior art that does exist given the limited resources that are alloted them to review your patent.

      If you had publicly published your idea upon filing the patent, you would have given the public the means to determine if the idea is patentable or not. You would have given the world the chance to find prior art, and also to argue the obviousness of the patent in question. This is also a way to inform businesses about the patent; they may decide to immediately use the idea and pay your royalties if the patent is granted.

      Of course, if in the event that after your patent is granted, I discover that my own prior art was overlooked, I can begin the patent invalidation process for the price of $1,000,000.00 US. Did it cost you a million dollars to get the patent? No? Then why would it cost so much for the RIGHTFUL "owner" of said idea to refute your illegitimate claim?

      We have advanced technologically to the point that we can accurately compare times and dates against one another for the purpose of determining chronological order. The secrecy awarded to patent applications is no longer needed, any applications that are received can be chronologically sorted.

      The current fundamental flaw with the patent system is that we expect to funnel the full ocean that is all the world's ideas & works through a tiny pinhole that is the patent examiner's ability to observe. They can not possibly compare all prior works against your idea. Remove the shroud of secrecy, and gain a world full of helpful observers.

      Not all prior art is known to the public. Not all developers reveal all of their developments publicly. They do not have the chance to refute a patent claim until after it is granted, and are then charged an exorbitant fee to do so.

      I say this as a programmer who frequently "invents" clever code. I almost always deem such cleverness as obvious to a skilled programmer, and thus unworthy of a patent. Several times I have later discovered that a few years AFTER my work, a patent has been granted for it to someone else. Thus, I the rightful inventor, have been forced to stop using my own inventions on more than one occasion.

      TL/DR; The current "prior art" and "obviousness" tests are seriously flawed. Patents can not be "rightfully" awarded so long as secrecy prevents the obviousness test from being performed PRIOR to the granting of the patent.

    9. Re:I own a patent. by h4rm0ny · · Score: 1

      Simply put, I believe where there is a capacity to act, moral responsibility is all but inescapable. Your comment that patents by their very nature 'can instrinsically have destructive effects' does not rule out that they can also have positive effects. Something must be assessed as a whole, not on selected qualities.

      I fully agree that too easily granted patents are folly, but disagree that a patentee is thus blameless. Yes, if you remove the locks from all the houses, you are in some way responsible for the ensuing burglaries, but that does not entirely get the burglar off the hook.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
    10. Re:I own a patent. by Wolfbone · · Score: 1

      Sorry, but that's utter nonsense. A patentee in posession of a granted patent is the householder - not the burglar. The trouble with 'you programmer and IT types' is that you continually and conspicuously fail to develop a sophisticated understanding of what the patent system is all about. You whine about 'patent trolls' amd 'low quality' patents etc. but you never bother to look up the patent system economics literature; think clearly about why these deplorable things happen (hint: it's inevitable!); or consider the rationale behind the patent system in the first place.

        - actually, almost everyone of course!

    11. Re:I own a patent. by h4rm0ny · · Score: 1

      Little of what you're ranting about is even mentioned in my posts. Your having an argument with someone that exists only inside your head.

      --

      Aide-toi, le Ciel t'aidera - Jeanne D'Arc.
  13. +5 TROLL. MOD UNDERRATED! by Anonymous Coward · · Score: 0

    I modded this guy troll. Can we get a bunch of underrated mods to make +5, Troll...
     

  14. Intel vs. McAfee via IV by bark · · Score: 5, Interesting

    The article states that Intel is one of the investors of Intellectual Ventures. The article also says that one of the lawsuits was filed against McAfee, which Intel recently bought. So in this case, Intel is hiring someone else to sue itself - it would be much easier to hold an employee venting day if that's all they wanted to do.

    1. Re:Intel vs. McAfee via IV by Anonymous Coward · · Score: 0

      That's...awesome. I really, really hope they don't wise up and stop that part of the suit. I want this to go down in business/law history as a textbook case of when corporate entities are freaking stupid.

    2. Re:Intel vs. McAfee via IV by MadKeithV · · Score: 1

      "We're helping you to hire us to help ourselves.".

    3. Re:Intel vs. McAfee via IV by Anonymous Coward · · Score: 0

      Big corporations are like families. You'd never know if your adopted child would kill you, or your own offsprings.

    4. Re:Intel vs. McAfee via IV by Anonymous Coward · · Score: 0

      The summary says PEOPLE from Intel (aka FORMER employees), not Intel the business.

  15. Neal Stephenson has a hand in this by jefurii · · Score: 5, Interesting
    From the Intellectual Ventures page on his personal site:

    I work part-time at Intellectual Ventures Labs, which enables me to get out of the house and exercise the nerdy predilections that I used to exercise at Blue Origin. This is a sort of all-purpose science lab and thing-making facility where new inventions are developed.

    1. Re:Neal Stephenson has a hand in this by theodicey · · Score: 5, Insightful

      I once knew someone who was naive enough to confuse a patent troll operation with a real Menlo Park skunkworks/invention lab.

      She was 22 years old and looking for a job; what's Stephenson's excuse?

    2. Re:Neal Stephenson has a hand in this by Chirs · · Score: 1

      Maybe they actually do research there? From the Wikipedia page, they've done work on a nuke reactor that can burn uranium waste or thorium, the mosquito laser, and modeling of Malaria spread via mosquitoes, among other things.

      Maybe it's something like Microsoft Research (cool) vs Microsoft (uncool).

    3. Re:Neal Stephenson has a hand in this by noidentity · · Score: 3, Insightful

      I work part-time at Intellectual Ventures Labs, which enables me to get out of the house and exercise the nerdy predilections that I used to exercise at Blue Origin. This is a sort of all-purpose science lab and thing-making facility where new inventions are developed and then locked away for 20 years.

      There, fixed that for you Mr. Stephenson.

    4. Re:Neal Stephenson has a hand in this by dachshund · · Score: 2

      From the Wikipedia page, they've done work on a nuke reactor that can burn uranium waste or thorium,

      It's unclear how original their research is, though. From the brief article I read on them a few years ago, they had patented several inventions related to Thorium power without actually developing any prototypes. Meanwhile, there were actual companies in Russia developing real Thorium reactors. It's got to be awfully depressing to pour millions into developing a working prototype only to find that some schmuck at a desk in the U.S. has "invented" it and wants cash.

  16. Good! by SiaFhir · · Score: 1

    Good! The sooner these patent trolls starts swarming the courtrooms, the sooner the absurdity of software patents become obvious. Let's all hope this is the beginning of the end of software patents as well as patents that are so vague and broad as to be meaningless.

    1. Re:Good! by Anonymous Coward · · Score: 0

      Good! The sooner these patent trolls starts swarming the courtrooms, the sooner the absurdity of software patents become obvious. Let's all hope this is the beginning of the end of software patents as well as patents that are so vague and broad as to be meaningless.

      ...unless you want to consider it as job security for all involved?

    2. Re:Good! by shentino · · Score: 1

      You're kidding right?

      The lawyer guild is going to be making a *fourtune* processing these cases.

  17. This is good news. by MarkvW · · Score: 1

    Abuses of the law lead to reform.

    1. Re:This is good news. by gstoddart · · Score: 1

      Abuses of the law lead to reform.

      While I'm sure your world is all shiny and pretty, and I don't want to spoil it for you ... I'm not convinced what you say is true.

      "Intellectual Property" is what America is betting the whole farm on -- I fail to see how it would be possible to rein in the law with regards to copyright, patents, and what-not.

      Do you see anything falling into the public domain that was ever published by an American company? Do you see anything to do with "fair use" being upheld? Do you see any moves to rein in patents? In fact, you see all of these things being strengthened and mad more ridiculous.

      Sorry man, we're going backwards, not the way you hope we will.

      --
      Lost at C:>. Found at C.
    2. Re:This is good news. by Scatterplot · · Score: 1

      My company makes a good bit of money off something that was once patented. The patent is now expired, and we are allowed to make it. I don't know the whole history of it, but the only reason we don't patent our product is because it already had a patent, and it's now expired (and, of course, we didn't invent the basic technology but more of a method of producing them). I would bet there are *tons* of products that are sold now that used to be covered by patents.

    3. Re:This is good news. by gstoddart · · Score: 1

      I would bet there are *tons* of products that are sold now that used to be covered by patents.

      Well, I know they've extended copyright to absurd terms ... have they tried doing it to patents yet? I'm sure if some people had their way, those patents would never lapse either.

      It seems like the lawmakers keep giving companies what they want at the expense of the rest of us.

      --
      Lost at C:>. Found at C.
    4. Re:This is good news. by MarkvW · · Score: 1

      I'm just stating a fact. If big companies get burned, then they direct their Congressional Agents to protect them.

      Your post also infers that "reform" is necessarily a good thing. That ain't necessarily so.

    5. Re:This is good news. by gstoddart · · Score: 1

      I'm just stating a fact. If big companies get burned, then they direct their Congressional Agents to protect them.

      *laugh* Oh, I thought you meant that consumers getting abused by the law would lead to reform.

      I think we're in agreement, then. ;-)

      --
      Lost at C:>. Found at C.
  18. Oh No, They Do Much More Than That! by eldavojohn · · Score: 4, Informative

    They only license their patent portfolio.

    Oh, how I wish that was all that they did. As you can see from their site:

    Intellectual Ventures has been actively inventing since August 2003. The company has filed thousands of patent applications in more than 50 technology areas and has thousands of ideas under consideration.

    Since 2003 they have been gumming up the USPTO as well. Note that they've filed thousands of patent applications. No mention of how many were issued. It's entirely possible that they were issued to the actual people working at IV and not to IV but a search shows nine patents issued to IV on the USPTO.

    So remember the TED Laser Mosquito/Malaria technology? That's just a patent waiting to be issued then licensed but until then I wouldn't recommend building any.

    --
    My work here is dung.
    1. Re:Oh No, They Do Much More Than That! by Anonymous Coward · · Score: 0

      ddos the patent office, everyone file hundreds of patents.

    2. Re:Oh No, They Do Much More Than That! by Anonymous Coward · · Score: 0

      just a patent waiting to be issued then licensed but until then I wouldn't recommend building any.

      See? The system works!

    3. Re:Oh No, They Do Much More Than That! by gtall · · Score: 1

      So they are a double troll. They don't actually make anything, that would leave them open to patent trolls. Instead, they come up with *new* ideas and wrap patents around them only to use them as sueballs.

    4. Re:Oh No, They Do Much More Than That! by eldavojohn · · Score: 4, Funny

      ddos the patent office, everyone file hundreds of patents.

      *chuckles*

      Oh Anonymous Coward, not all of life's problems can be solved with a DDOS. Like when my girlfriend left me last week and blocked my phone number -- calling her until her voice mail was full from work and friend's phones did no good.

      --
      My work here is dung.
    5. Re:Oh No, They Do Much More Than That! by Grond · · Score: 2

      Since 2003 they have been gumming up the USPTO as well. Note that they've filed thousands of patent applications.

      And it has paid application fees, search fees, and examination fees on every one of them. The Patent Office is entirely supported by fees. IV isn't "gumming up the Patent Office." In a sense that's not even possible. As long as a decent number of the applications issue as patents and IV pays maintenance fees on them, then they're fully paying their own way.

      And it's still small potatoes compared to the top ten patent filers, particularly IBM, which received 4,186 patents in 2008 alone, suggesting that it files about that many each year.

    6. Re:Oh No, They Do Much More Than That! by Monkeedude1212 · · Score: 1

      You aren't DDOSing enough - you need to branch out from just phones, and try and contact her in a variety of ways. It's like you're only trying to connect on one port. You need to be spamming her inbox, visitting her at work, at home, when she's out at dinner, you need to be leaving love letters EVERYWHERE she might go, you need to be outside her window blaring music from a boombox...

      Trust me. It works*.

    7. Re:Oh No, They Do Much More Than That! by Bigjeff5 · · Score: 1

      That's just a DOS attack from more than one node*, it's no wonder it didn't work.

      You have to get five of your buddies together and all call at once - THEN it's a DDOS, and my god that would be hell!

      It wouldn't get her to come back to you though, so if that's what you really want it will still do no good. If you want to simply make her life hell then it will work wonderfully.

      *Multiple nodes must be attacking at the same time for it to be a DDOS.

      --
      Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
    8. Re:Oh No, They Do Much More Than That! by Bigjeff5 · · Score: 0

      First post with the new sig, seems it's a touch long.

      --
      Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
    9. Re:Oh No, They Do Much More Than That! by Bigjeff5 · · Score: 0

      Fixed it.

      --
      Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
    10. Re:Oh No, They Do Much More Than That! by interval1066 · · Score: 1

      "...calling her until her voice mail was full from work and friend's phones did no good."

      And if I were your employer and happened upon this thread I'd be feeling SO GOOD about your employment with my firm right now...

      --
      Python: 'And then suddenly you have a language which says "we're all stuck with whatever the whiniest coder wants".'
    11. Re:Oh No, They Do Much More Than That! by sauge · · Score: 1

      The financial guys have been making oodles of money creating nothing but chaos, why not let another industry do so too? I mean, it's the American way these days...

    12. Re:Oh No, They Do Much More Than That! by natehoy · · Score: 1

      And when they run out of ideas, we'll issue them stimulus funds. I like it.

      --
      "This post contains words, known to the State of California to cause thought. Wash brain thoroughly after reading."
    13. Re:Oh No, They Do Much More Than That! by Nethemas+the+Great · · Score: 3, Interesting

      Unfortunately people have been doing this ceaselessly for the last decade+. The only thing that has accomplished is cause the USPTO to get significantly sloppier in their work. The result of which is simply an ever growing body of patents with overly broad terms, little regard for prior art, etc. In short, it has only made the trolls stronger and more abundant.

      With respect to goods/service producing companies, patents are no longer about protecting R&D investments. Rather it's about ensuring a defense using the M.A.D. doctrine is in place to safeguard their future ability to conduct business. Unfortunately, M.A.D. cannot be established against a patent holding corporation such as I.V. since no one has yet figured out how to patent aspects of the patenting process. These trolls, and I would assert patents in general, are one of the biggest hindrances to the U.S. economy. This is putting us at a significant competitive disadvantage to the rest of the world and it's only going to get worse.

      --
      Two of my imaginary friends reproduced once ... with negative results.
    14. Re:Oh No, They Do Much More Than That! by Anonymous Coward · · Score: 0

      Offtopic, but your sig retroactively updates for your old posts as well. No need to post to test, assuming you've posted at least once before.

    15. Re:Oh No, They Do Much More Than That! by sumdumass · · Score: 1

      What are you trying to do? Set him up with Bubba in the back of D-wing of cell block 6 when he goes to jail for stalking her? Getting him another girlfriend this way might not be the best situation.

    16. Re:Oh No, They Do Much More Than That! by Anonymous Coward · · Score: 0

      Thank Bob for the disable sig feature in /.

    17. Re:Oh No, They Do Much More Than That! by Opportunist · · Score: 1

      If the stimulus you mean involves cattle prods and their gonads, I'm supporting your idea.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    18. Re:Oh No, They Do Much More Than That! by BlackSnake112 · · Score: 1

      Patents should have a 1-2 year time limit if there is no tangible product. If they cannot create a product (even a semi functional prototype) in that time, the patent is ended.

    19. Re:Oh No, They Do Much More Than That! by hairyfeet · · Score: 1

      Yeah not to mention if you have ever been stalked you wouldn't really think that was funny. I was stalked for over a year by this girl, and while I'm sure some here will say "Hey she was cute and throwing herself at you! Nail that shit!" having someone that was bug fucking nuts decide you were the cure to their life's problems? Or spending countless hours dealing with cops in two states and having to carry a couple of spares like in Roadhouse when the bitch would slash the tires? NOT FUN.

      The sad part is I used to be a whole lot more nicer and outgoing when it comes to strangers, but not anymore after dealing with the psycho. And you'd be amazed at how little it takes to have someone mentally imbalanced lock onto you. I was playing these gigs across state with this roots pop group that had a decent following and the bars we were playing always gave us a pretty generous bar tab. I don't drink so I would often give a few freebies to a stranger if I saw them looking down, just something to cheer them up, you know? She looked sad so I had the bartender get her a few drinks on me, she thanked me between sets and we talked a little and that was the last I thought about it...until she started showing up in other states to see us, started leaving messages on the windshield of my truck, calling my day job, parking outside my apt, scary shit. I spent over a year trying to deal with her crazy ass until the guitarist of a band opening for us was stupid enough not to listen to me and started hitting on her. Last I heard he had to get a restraining order and ended up with his car completely trashed. Better him than me though I tried to warn his dumb ass.

      as for TFA, it is a perfect example of why we should have some sort of "use it or lose it" law when it comes to patents. If they actually had to put their money where their mouth was and invest in creating products with those patents maybe we wouldn't see trolling as a business venture. Companies like Intellectual Vultures go around buying up IP from defunct companies for the sole purpose of suing and are simply leeches to the process of creation. Thanks to trolls like IV our patent system is a mess because you can't even see if their is something being sold similar to your idea, because Lord knows how many patents vultures like IV are just sitting on waiting to sue. Since all creation is done standing on the shoulders of the giants that came before leeches like IV just make it that much harder for the USA to compete with those that don't play our little IP games. Sadly instead of cleaning up our own mess we instead try to ram ACTA style crap down everyone's throats instead.

      --
      ACs don't waste your time replying, your posts are never seen by me.
  19. Correction by clickclickdrone · · Score: 1

    Intellectual Vultures more like.

    --
    I want a list of atrocities done in your name - Recoil
  20. Simple Solutions to paten trolls. by Anonymous Coward · · Score: 0

    A. set a time limit for law suits, i.e. 1yr from the commercialization of competing product.

    there will be no cash incentive to sue a unproven product, unless you belive that your current offering is better.

    competition will try to find alternate solution to beat the product. everyone is happy.

    you miss the 1yr time frame, too bad.

    no more patten trolls.

  21. Do away with patents entirely by MikeRT · · Score: 1

    They don't do any good anymore. Little inventors cannot even hope to sue a company like Intellectual Ventures unless they can find a lawyer willing--and able--to last years of litigation against the kind of legal resources such a company can focus on them. God help the poor SoB if IV retaliates by claiming infringement on half a dozen of its patents in the process of creating your own patent.

    The reason people still support them is "fairness." It's not "fair" that people have great ideas but someone else monetizes them in a better way. Then someone says "they worked so hard and then someone stole the idea." All the hard work (misdirected or that produces nothing of value) in the world and a $1.50 still won't buy you a latte at Starbucks. As it shouldn't!

    And ironically, all this system creates is one that is often unjust. Some poor guy who thinks he may become the next Bill Gates will probably have IV nuke him from orbit with a patent lawsuit right as he gets big enough that he's worth having Guido and Vinny, J.D. show up at his office with an offer he can't refuse ("hey, great idea you got going, it would be a shame if anything happened to it...")

    1. Re:Do away with patents entirely by zQuo · · Score: 1

      While I think that patents can sometimes be a good thing, (e.g. pharmaceuticals where new drug development is extremely risky), the current patent system is so bogged down scrapping patents entirely may be better than what we have now: a gradual continual strangling of tech innovation. The cost and legal risks of tech innovation in America keeps on going up.

      There will be no sanity from the Patent Office while they directly benefit from patent renewal fees, fees that are the bulk of the PTO revenues. The patent office is proud to be the only government agency that operates in the black. Er, isn't that raising a red flag? That is not necessarily a good measure of success. They are selling the country's future competitiveness for their operating budget and bragging rights amongst the other agencies.

      Patents are inherently restrictive. It's as if the FCC sold "radio rights" to sue anyone else using a small part of the radio spectrum for a specific marketing purpose. Or the post office sold "mailing rights" to sue anyone delivering mail of certain topics to a small region.... um, this might not be a good direction to continue speculating.

  22. Just Like Copyright by bky1701 · · Score: 5, Insightful

    Imaginary property like patents and copyright always consolidates power over information into the hands of the few. They do not protect the creators, they make ideas a commodity to be traded.

  23. Intellectual Ventures' ad campaign by dkleinsc · · Score: 1

    It's obvious what their company theme song should be: Never Gonna Give You Up

    --
    I am officially gone from /. Long live http://www.soylentnews.com/
  24. Almost worked for IV by Anonymous Coward · · Score: 0

    Last year, an old colleague calls and wanted to recruit me for this. Initially the idea of working of Myhrvold piqued my interest. I met with their team and got the scoop. The business plan is solid and I think they have a great chance to make money. They certainly had the money to offer talent to work for them. But as I never worked for the porn houses, Haliburton or a myriad other sketchy places I politely declined. My rule of being able to look Grandma in the eye and tell here who/what my work is didn't match up.

  25. Trolls aren't the biggest problem by ciaran_o_riordan · · Score: 4, Informative

    Below are links to background info, but keep in mind that trolls create a tax, but they're not the big problem. They're generally not the patent holders that break standards or exclude free software projects. They're just after money, so they are parasites to the rich. The MPEG-LA patents, for example, are much more harmful (they blocked HTML5 from including a standard video format) and are held by "real" software companies.

    swpat.org is a publicly editable wiki, help welcome.

    1. Re:Trolls aren't the biggest problem by AnalogDiehard · · Score: 2

      I'll add Leo Stoller Trademark Troll to the list

      --
      Eternity: will that be smoking, or non-smoking? I Corinthians 6:9-10
  26. money != capitalism by Anonymous Coward · · Score: 0

    money != capitalism.

    Epic, epic fail there.

    It's a medium of exchange.

    You could, for example, hand over a house instead of a shiny number and that person who built the factory can go live in that house or exchange it for a small farm acreage and the work of someone to grow the food.

    That is still a captialist system.

    Yet no shiny imaginary construct required.

  27. What would NM do? by Peristaltic · · Score: 1

    Go easy on the guy- Nathan doesn't have enough money or power... He NEEDs to troll patents to make the voices go away.

  28. nice try guys... by Anonymous Coward · · Score: 0

    dammit Taco, now it's just showing (Score:5)

    Starting Score: 1 point
    Moderation +4
    80% Underrated
    20% Troll

    Total Score: 5

    1. Re:nice try guys... by Anonymous Coward · · Score: 0

      Yep, thanks for trying. Suck it, Taco. I wasted a whole modpoint and made three other moderators waste theirs. Now I'm thinking about posting just to cancel. Why do you keep making unnecessary changes that serve no purpose other than to bother people? DIAF, Rob.
       
      --TrisexualPuppy

  29. They Fired their First Salvo by Anonymous Coward · · Score: 0

    I say we fired back, from orbit and nuke their head quarter while all their lawyers and officers are inside the building.

  30. You Misunderstand Me by eldavojohn · · Score: 4, Insightful

    I have no problem with what IBM does. They are a practicing entity which is directly opposite of what IV does. The difference is that a high rate of IBM's patents are granted. This is proper use of the patent system because IBM then makes those products.

    I suspect Intellectual Ventures spends a nice chunk of it's money on forcing patents through the system. Thousands of patents that evidently have little business being patents. But their legion of lawyers persists pushing these patents and revisioning them. Yes, they pay thousands of dollars on each patent to do this but this is an abuse of the patent system if they do this just because they have money.

    Imagine if this first salvo results in hundreds of millions of dollars going to IV. Then what? Then that money goes into putting more strain on the USPTO and more lawyers are hired to push unwarranted patents through the system. Then those win more suits and more lawyers are hired in a classic breeder model of lawyer propagation. If my calculations are correct, by the year 2054 the Earth will be a mass of patent lawyers expanding outward at the speed of light only to eventually collapse back in on itself causing a "Big Crunch" and ending the universe until the next big bang. Intellectual Ventures must be stopped (with apologies to Stanislaw Lem).

    But seriously, the two are totally different in that one produces and one sues.

    --
    My work here is dung.
    1. Re:You Misunderstand Me by Grond · · Score: 1

      The difference is that a high rate of IBM's patents are granted.

      What evidence do you have that IV's patents are also not granted at a high rate? It takes years for a typical application to go through the examination process even without any appeals. It's not surprising that IV has only had a few patents granted so far. IBM's 4000+ patents granted in 2008 were mostly filed years ago.

      This is proper use of the patent system because IBM then makes those products.

      What evidence do you have that all, most, or even many of IBM's patents cover products that it produces? Many companies acquire patents that they do not practice. Sometimes they are kept defensively, sometimes they are sold to other companies (as is the case with many of IV's patents).

      And of course IBM produces very little. It's mostly a services company, and what products it produces are actually manufactured by other companies under patent license agreements.

      Thousands of patents that evidently have little business being patents

      You have reviewed all of IV's patent applications and independently determined their validity and economic value? You could make a fortune as an analyst. Patent valuation is notoriously difficult.

      But their legion of lawyers persists pushing these patents and revisioning them.

      What evidence do you have that IV's patent prosecution strategy is substantially different from IBM or any other company's?

      It's much, much harder than people on Slashdot seem to think to meaningfully distinguish between companies like IV and universities, publicly funded research labs, corporate spinoffs, standards organizations, and other business models that are more palatable to the community here.

    2. Re:You Misunderstand Me by Anonymous Coward · · Score: 0

      It's not that hard. Universities are educational institutions. Publicly funded labs are publicly funded. Corporate spinoffs either make a product or don't; if they don't, there's no meaningful distinction. Standards organizations write standards, not implementations.

    3. Re:You Misunderstand Me by Anonymous Coward · · Score: 0

      I always wondered what would be a good use for an atomic bomb?

  31. Hate to One Up Ya But ... by eldavojohn · · Score: 4, Funny

    She's already been reported to Anonymous as the lead prosecutor in the Assange case. She will feel my love yet.

    --
    My work here is dung.
  32. Windfall profits by m0s3m8n · · Score: 1

    If any entities deserve some punitive taxation, these people and their lawyers should be it. They produce nothing and simply suck capital from the producers. How about a 90% tax rate on lawyer fees from lawsuits. Let's see how long the lawyers stick around. Oh wait - lawyers write the tax code, shit.

    --
    Conservative, mod down for violating /. political norms.
  33. We can only hope... by HikingStick · · Score: 1

    >File Patent Infringement Claims

    >You were eaten by a Grue!

    --
    I use irony whenever I can, but my shirts are still wrinkled...
  34. What! What! What! by AVryhof · · Score: 1

    Maybe they should sue Rambus, who from what I can hear is suing everybody again.... seems like their patents might infringe on some of these patents.

  35. Typo by ThatsNotPudding · · Score: 2

    Intellectual Vultures

  36. We just need an anti-troll law by erroneus · · Score: 1

    Well, we need more than that, but starting with an anti-troll law would be a great start. Such law might go something like this:

    The Jeff Foxworthy "You might be a Patent Troll"

    1. If you own a patent and have no intention of actually making something with it, ...
    2. If you have a bunch of patents and are trying to extract a bunch of money from a bunch of companies, ...
    3. If you ...?

  37. Solution. Easy, and stop these trolls. by lordmage · · Score: 1

    Okay very simply, you cannot transfer patents except in extremely narrow views.
    Husband to wife, Company purchase of another company, and internal company.

    Thus you cannot buy up patents without buying up companies. It will also help patent holders retain rights and make more money.

    Is this not done now?

    --
    I can program myself out of a Hello World Contest!!
  38. Did Xilinx settle? by Bassman59 · · Score: 1

    So they are suing three of the four main FPGA vendors (Altera, Actel/Microsemi and Lattice) but not the big one, Xilinx. So did Xilinx settle with IV, and if so, for how much?

  39. Delaware? by Arancaytar · · Score: 1

    in the US District Court of Delaware

    Wrong! Retarded patent troll suits are to be filed in East Texas. What kind of noob is this guy?

  40. Simple Patent Reform by Strider- · · Score: 1

    The simplest way to reform the patent system is to require a patent holder to produce a saleable product based on their patents. If they don't produce a saleable item the patent shold be null and void.

    --
    ...si hoc legere nimium eruditionis habes...
  41. Investor? by scharkalvin · · Score: 1

    "investor" == blackmailed victim. Simple double speak.
    Patent troll? More like a patent Mofia. ("You usea my IP, I breaka you face")

  42. More abuse of the legal system by noobermin · · Score: 0

    This is just silly. IV hasn't made a lick of intelligent anything, but because of the way the law is, they are allowed to misuse the concept of intellectual property as a simple money making tool via licenses.

    IT laws were MEANT to protect individuals' work and thus ENCOURAGE creativity and innovation. But all this useless garbage simply makes the real innovators afraid to poke their heads out. Where will our innovation go? While these pigs have fun abusing the system, America will go down the pits as it has been because of this ridiculousness. I wonder how much capital these losers can make once there aren't anymore inventors around to abuse.

  43. "Foul" may be too positive. by Anonymous Coward · · Score: 0

    Foul is the word. Bill Gates and Nathan Myhrvold wrote The Road Ahead a book that sold because Bill Gates was supposedly involved in writing it, but contained nothing interesting, almost as if several editors were hired to remove any accidentally included good ideas.

    Bill Gates is one of the Investors in Intellectual Ventures. These are not nice people. They want themselves to be rich, and other people to suffer. Just being rich is not enough.

  44. What if... by rnturn · · Score: 1

    One of the first things out of the mouth of the presiding judge was a statement to the effect of

    "We'll be examining all the evidence of how the defendents have harmed your ability to sell the products you produce using these patented concepts and how much you been impacted financially. This evidence will weigh heavily in the instructions I'll will be giving to the jury."

    with photos of the plaintiff's legal team's facial expressions then printed in major publications and websites.

    (Yeah... I know it's probably not in the judge's power to look at the patent cases in that way -- at least according to the letter of the law -- but in the spirit of the law, when it was written, you'd think that sort of way of looking at a patent suit would be a given.)

    --
    CUR ALLOC 20195.....5804M
  45. the dreaded patent trolls by Anonymous Coward · · Score: 0

    So much for the claims of any business entity that it is buying up patents for "defensive purposes only." Assuming that IV prevails (as I'm assuming it will), look for more patent clearinghouses (supposedly established to "protect" their clients from the dreaded patent trolls) to start using patent litigation to assertively attempt to monetize their newly-acquired IP assets.