Nokia Feeds a Patent Troll
New submitter glebovitz writes "In case anyone missed the other Nokia news: on the same day they announced the sale of Qt to Digia, they also sold 500 patents to Vringo. Vringo, a video ring tone company, recently merged with patent portfolio company Innovate/Protect which includes Donald Stout, the founder of patent holding company NTP, on its board. Forbes refers to NTP as 'a patent troll which milked Research In Motion for $612.5 million in a patent infringement settlement reached in 2006.' As Eric Savitz writes in the article, 'Vringo decided to basically turn itself into a patent troll.'"
I would be shocked if none have been filed by the end of the month.
WTF is a "video ring tone company"?
Well products can be sold abroad, but badly issued USPTO patents, they can't be exported. So it's time to analyze how much of the US economy the USPTO had destroyed.
I may be missing something, but I don't know why should people (and I) care? Is there any threat rising for anyone already?
In its quest to become another no-name mobile phone OEM it is imperative to shut down all research and development, because the future really isn't important.
Why haven't the shareholders held a vote of no confidence in the current Nokia board?
I agree with the prevailing opinion that the patent system needs fixing. However, until that is done, why is buying an asset (patent) and then trying to get a return on the investment considered so evil? Rail against the patent system if you wish, but demonizing the patent holders seems misguided.
What would be the effect of restricting a patent holder from initiating litigation to infringements made prior to the acquisition of the patent? This would leave many issues inherent in patents unsolved. But, because it's so simple, would be an easy barrier to put in place, and hopefully lower the benefit/cost of patent trolling.
This would have required Nokia to initiate litigation vs. Research in Motion prior to selling the the patent to Vringo. This would certainly affect their image. If they were not concerned about this, they might have pursued a case v. RIM themselves, or at least outsourced it.
Vringo could immediately demand that Research in Motion cease any ongoing infringement. But R.I.M could then simply cease infringement, and Vringo would get no return on their patent acquisition. Vringo could also demand liscensing fees for ongoing RIM use of the patented tech... R.I.M could decline, or contest the patent, making the prospect of buying patents for the purpose of Trolling less alluring.
We all know that Nokia CEO Stephen Elop is a sockpuppet of Steve Ballmer (why the Nokia shareholders put up with this is beyond me, but it probably reflects the lack of actual control over corporate governance by the nominal owners). Now Elop is taking yet more actions that don't really help Nokia, but are calculated to hurt Google (and probably Apple as well) as much as possible. The reason is obvious: Microsoft wants these Nokia patents in the hands of patent trolls to cause trouble.
We all know this is because of this F&^cked up patent system in the USA. So when are you guys trying to make some changes?
You first.
-- Two men say they're Jesus. One of them must be wrong. - Dire Straits
fuck humans, we have no redeaming qualities... everyone should stop breeding and wait until we all die out
... said just days after the Curiosity rover safely landed on Mars.
"I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)
Way ahead of ya.
<xml><I><am><so><damn>Web 2.0</damn></so></am></I></xml>
i've been doing my part, had a vasectomy years ago.
So exactly how much 'child pollution' have you personally generated?
Actually, that pretty much sums up what Curiosity did say.
Are you nuclear powered?
Faster! Faster! Faster would be better!
As of now, it's a slang phrase for a Microsoft proxy.
How? If they were a MS proxy they would have sold to MS. Aren't MS phones just as vulnerable to this patent troll?
compared to a Siberian Tiger, even the Mars Curiosity rover is nothing...
Hell, compared to a single random germ in a drop of pond water, the Curiosity rover is STILL NOTHING...
We all know that Nokia CEO Stephen Elop is a sockpuppet of Steve Ballmer (why the Nokia shareholders put up with this is beyond me, but it probably reflects the lack of actual control over corporate governance by the nominal owners). Now Elop is taking yet more actions that don't really help Nokia, but are calculated to hurt Google (and probably Apple as well) as much as possible. The reason is obvious: Microsoft wants these Nokia patents in the hands of patent trolls to cause trouble.
Your theory makes no sense. Are not MS' phones and tablets just as vulnerable to the patent troll as Google's and Apple's?
i've been doing my part, had a vasectomy years ago.
So exactly how much 'child pollution' have you personally generated?
Since you're a slashdot poster, a vasectomy is just an empty gesture. You have to have sex with women for it to matter.
compared to a Siberian Tiger, even the Mars Curiosity rover is nothing...
Oh? How are you measuring that?
"I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)
"compared to a Siberian Tiger, even the Mars Curiosity rover is nothing"
Sadly enough, no siberian tiger did appear at Mars, so the Curiosity won the "Being Something" conquest by lack of rivals.
Mars Curiosity might be something, after all.
Sell drugs or become patent troll? I can't decide... Sell $1 apps for smartphone? Sell $1 books on amazon?
Sorry, but gray text on gray background is making my eyes bleed.
Lol... very true
But I digress.... medcalf, exaclty how much progency pollution have you and signigicant other personally generated
you're fucken retarded, and yet, you're also a perfect example of my humanity shouldn't breed.... so thank you for proving my original point
i haven't heard of the phrase patent troll before. Are patent trolls like Internet trolls on forums who cause a ruckus and attempt to incite a flame war of some sort? Or do they ask for tolls at bridges? Just asking.
NTP = Non Team Player
fuck humans ... everyone should stop breeding
You know, there's a contradiction somewhere there. Just can't seem to point my finger at it.
None, because I don't regard children as pollution. However, I do have four wonderful sons, whom I wouldn't trade for anything.
-- Two men say they're Jesus. One of them must be wrong. - Dire Straits
If patents could not be transfered or sold would it mitigate the trolls or would they simply change tactics and invest in "protecting" inventors with legal services for a stake in the outcome of legal procedings. I also wonder if that would be a bad thing if properly regulated to limit their take in gains (less actual costs) to, say 5%. In the end the actual inventor would be compensated instead of being swindled out of a patent for pennies on the dollar because (s)he cannot afford to protect (her)himself.
Was there any bidding process? I assume not. Just some very shady deal in the interest of Microsoft only (FEDs should check if there are contracts saying Vringo cannot sue Microsoft, that would kind of prove that Elop still only works for Microsoft).
I think the Nokia shareholders are getting ripped off by CEO Elop and the board, I hope someone sues them soon, before it is too late. Nokia is ripped off like nobody before got ripped off. The following text shows how major decisions by Elop (ex Microsoft) are only in the interest of Microsoft and not at all in the interest of Nokia.
http://communities-dominate.blogs.com/brands/2012/07/the-sun-tzu-of-nokisoftian-microkia-mirror-mirror-on-the-wall-whose-the-baddest-of-them-all-waterloo.html
And all those saying Nokia was already dead when Elop came, you are shills or blind, read it too. E.g. start reading the first âoeREASONsâ in the link. They were still twice their competitors when Elop came, alone in China they could have as many customers as Apple has worldwide by a exclusive deal (bound to MeeGo). Distance to Apple was growing at that time. All systematically destroyed in the following months. I don't say they were super fine, but they were still a monster, the elephant in the room. No outside force could move it nearly as fast as Elop has. Now they are an empty shell.
If you have time, read this. It's very long but good (19 reasons why Elop should be fired, you can skip the intro to REASON 1 if you are lazy).
No way the CEO AND the board do not see the logic behind most of these 19 reasons. This is a scam, there must be a huge reward for most of them on some secret channel. Money? Girls? Power?
Anonymous please give us their Email and transform Elops and Balmer's phones into bugs that we can hear what they are talking in private. Jail them all.
How, exactly, does that prove your point?
as a teacher, over 150 kids minds a year for the last 20 years. I try to teach them to think for themselves but it's almost a loosing cause
Thanks for doing your part to slowly kill the Earth....
they sure do not look or act like they used to. More and more they seem to be acting so very much like a large corporation we all have known to dislike for their business practices.
LoB
"Anyone who stands out in the middle of a road looks like roadkill to me." --Linus
And with this "news" I will never buy a Nokia product again.
Good by to the newist microsoft sock puppet!
And I wanted a new N910 awhile back.
Oh well time to find a new smartphone manufacture with balls.
Hey, I have 3 kids, I'm doing my part too!
"If you have nothing to hide, you have nothing to fear." - Every fascist, ever
What would be the effect of restricting a patent holder from initiating litigation to infringements made prior to the acquisition of the patent?
"Oh, hai, small inventor and patent holder. I'm a Big Corporation. I'm just going to use your idea, and if you ask me for license fees, I'll tell you to fark yourself. What are you going to do... sue me? Bwaahahaha! I'll bury you in documents and motions until you're bankrupt and beg me to let you drop the suit... I mean, where are you going to get the quarter-million dollars it'll take to litigate this?
"Back in the day, of course, you could have sold your patent to a holding company who has millions in the bank to pay for this litigation. Then, I'd be really scared, because they're more than willing to fight me all the way to the Supreme Court if necessary, and I could be on the hook for hundreds of millions of dollars. You'd get a percentage of that payout with no risk on your part. That might make me actually want to buy your patent or get a license from you.
"But not anymore! Thanks to the Dmomo Screwing Small Inventors Act of 2012, I can just keep infringing your patent. If you sell it to someone who might sue me, damages reset! So, all I have to do is imply that I'll stop infringing within a few months and their potential damages would be less than that quarter million to sue me, so it's an uncomfortable risk for them, and they'll never buy your patent!
"It's a brilliant Catch-22! Thanks to Sen. Dmomo, you can't sue me, and you can't ever find a buyer who would sue me!"
Well, I guess the patent deal includes backlicensing the patents to Nokia, so they can't be sued for violating the patents they previously used. So now Vringo can sue the competition without Nokia being formally involved. Or in short, I think Vringa now is Nokias SCO.
The Tao of math: The numbers you can count are not the real numbers.
"my humanity shouldn't breed"
Absolutly right: your humanity shouldn't breed.