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Kodak Patents Sold for $525 Million
An anonymous reader writes "Intellectual Ventures and RPX Rational Patent, two companies frequently referred to as patent trolls, have snapped up the troubled Kodak company's imaging patents. Bloomberg reports that Kodak has agreed to sell the patent portfolio for $525 million, despite previous valuations of over $2 billion."
New submitter speedplane adds "How many stories have we read hating on the biggest patent troll of them all? Finally we see Intellectual Ventures making their case in a Wired op-ed, filled with everything you would would expect from a company suing the tech world on thousands of dubious patents: '...the system needs intermediaries within the market — companies like Intellectual Ventures — to help sift through and navigate the published landscape. By developing focused expertise, these patent licensing entities and intermediaries can function as patent aggregators, assembling portfolios of relevant inventions and providing access through licensing.' And my favorite gem: 'Ultimately, the users of those products — you — are the ones who benefit.'"
i read the article and 12 companies are fronting the money for this with the ownership split between 2 holding companies
apple, google, facebook, and others are the ones buying up the patents. IV and RPX are just the holding companies to avoid nasty lawsuits about licensing terms
The complexity, and getting-sued risk, of tech patents are just so high that we need good, honest, businessmen like Intellectual Ventures to help us sort it all out for a small fee...
Seriously, you know that you are a morally bankrupt fucker when you are the one making that argument in your favor. Sure, in countries with shitty regulatory environments and 'rule of law' that exists largely as a punchline, you have a class of professional 'fixers', who know how to make things happen when provided with a suitable supply of grease for the correct palms, along with a supply of thugs to which you can pay for 'protection' to ensure that bad things don't happen. Those, though, at least have the decency to keep their mouths shut, and recognize that they are a symptom of a sick, dysfunctional system. IV has the audacity to argue that needing to hire a fixer and pay protection money for the privilege of selling a product without being nuked into a smoking crater is a good thing. Where is the osteosarcoma fairy when we need her?
What Intellectual Ventures is trying to do (as they suggest) is create a patent environment where at least the relevant property can be bought/sold for proper licensing purposes. Consider instead the model where the Apples or Microsofts of the world hold patents and refuse to license (or do so reluctantly and at an extorted price) and ask yourself which you prefer. If reform isn't coming (and no signs would suggest that it is) then this might be the lesser of two evils.
Or maybe not, who knows.
Yeah, that's like saying a hyena and a lion were going to have a leopard hold the dead antelope they both want to eat.
I have been threatened by a patent troll, Acacia Research Group, several times. They didn't invent CDROMs or HTML, but they acquired a patent for putting HTML on a CDROM. They threatened to sue me for doing the same. I was doing it before the date of their patent, so I figured I had prior art. So I decided on the following course of action: do nothing. I filed their letter, and ignored them. A few months later they sent me a more threatening letter. I ignored that one too.
Several years later, I received another letter from them about another dubious patent they claimed I was violating. I wasn't, and figured they were just fishing, so I ignored that letter too.
Then, years after that I received another threatening letter about the original "HTML on CDROM" patent. This was after the KSR International v Teleflex Supreme Court ruling that invalidated these kinds of "combination" patents. So again I decided to just ignore them. I never heard from them again.
So if you are threatened by a patent troll, my recommendation for an initial response , is to just ignore them. My experience is that works 100% of them time, but YMMV. They probably have no reason to believe you are actually violating their patents, are are just shotgunning letters out to a long list of target companies, in the hopes that there are some dufuses that will just roll over a offer to settle. If everyone ignores them are much as possible, and impedes their attempts to extort, then their business model falls apart.
Could you please just stick to car analogies?
OK: that's like saying a Jaguar and a Cougar were going to have a Bobcat hold the dead Impala they both want to eat.
It doesn't mean much now, it's built for the future.
Or you just go to China that don't give a fuck or play these little reindeer games to get your stuff built and let 'em sue a phony shellcorp you set up to take all the losses as a tax dodge.
Don't learn from history yadda yadda the reason the west took off during the industrial revolaution is we didn't care about the old world patents and copyrights, this let our inventors stand on the shoulders of giants and build better tech. Now the USA is completely crippled by the blood sucking lawyers so its all gonna end up in Asia where they will learn by standing on the shoulders of giants to make even better tech. Hell look at the Loongson dragon CPU, here you have a MIPS CPU that has hardware accelerated X86 emulation through Bochs so you can have the long battery life of MIPS and get to have your X86 apps at nearly 85% native speed!
But not only can you NOT build that in America, hell you can't even import that into America but Intel owns X86 and won't license under FRAND so that is that.This is why Asia will be the next to rule the roost, they can come up with truly novel ideas without getting cockblocked or sued into the next life by the blood sucking lawyers. Its a damned shame but what do you expect when a country is ass deep in lawyers and all the politicians are lawyers but a lawyer's paradise?
ACs don't waste your time replying, your posts are never seen by me.