Google-Backed Yieldify Has Acquired IP From 'World's Biggest Patent Troll' (theregister.co.uk)
An anonymous reader cites an article on The Register: Yieldify, the Google-backed startup accused of stealing code from British adtech company Bounce Exchange, has been making some unusual friends. Yieldify has acquired an ancient web patent from III Holdings which was first filed in 2007. III Holdings is better known as Inside Intellectual Ventures, co-founded by Nathan Myhrvold. It has been dubbed "the most hated company in tech" and "the world's biggest patent troll." IIV is a "NPE" (non-practicising entity), which gathers up patents and seeks to unlock their value through selling on or licensing the IP. This has been backed up by litigation, such as Samsung, a recipient of one of III's sueballs. In a court filing made last week, Yieldify made a request for declaratory judgement in its ongoing case versus Bounce Exchange, citing the IIV patent. Also from the report: Clearly, patent trolls are unacceptable when they're trolling you, but become strategically useful when you can troll back.
Surely the word lawsuit could have been used instead of sueballs. It's an unneeded, contrived word. Just my opinion. Otherwise, thanks for the information.
Does hooking up with Patent Trolls count as evil or just good business sense?
Its an orlowski article, about anything tangentally related to google - best to take with a large quantity of salt.
Patent trolls are notoriously synonymous as leeches that contribute nothing to the process of invention, but theyre no better than the intellectual property patents and frivolous design patents that their targets such as Google or Microsoft endorse and employ.
if anything patent reform by victory should be eschewed in favour of unilateral patent and copyright reform. litigation shouldnt be relegated to some remote texas exurban court, and the USPTO shouldnt roll over whenever someone wants to patent absurdities like one click shopping.
Good people go to bed earlier.
The quiet ones are worse. They sit on the patent, then only spring up a year or two after a product has launched when sales are well underway. There should be a time limit on when you are allowed to file for patent infringement, not "can I haz action plx?" a few years down the road.
Unfortunately, this sums up the general rule in patent law: your patent is invalid and you are obviously a troll. I, on the other hand, have a clearly valid patent and I am enforcing my legitimate patent rights. Lather, rinse, repeat...
Why? Doesn't buying the patent from the troll provide them funds to buy up many more patents and troll more? Why would anyone do something like this?
I'm sure I'll get modded to -1, buy Google supporters really need to answer this.
Presumably, most of the /. readers produce ideas and other intangible and easily copied once created things for a living. In other words, we are paid for these intangible things.
Why, then, are most people so negative on other people selling and buying them? The hated "patent trolls" buy ideas from people, who have them — thus rewarding our colleagues. What is theirs, they are entitled to reselling — at whatever price the market will bear. This is normal and perfectly ethical.
Yes, the weaponized litigation practiced by some of these firms is most reprehensible, but they are hardly the only ones partaking of it. Until we change our legal practices to make sure, the loser pays winner's legal costs by default, the side with a bigger legal budget will keep "winning" before entering the courtroom.
But none of it supports the abolishment of the very concept of intellectual property in general and patents in particular, which is so often suggested here. Are these suggestions coming from fools and/or folks short of their own ideas? What's going on?
In Soviet Washington the swamp drains you.
"Also from the report: Clearly, patent trolls are unacceptable when they're trolling you, but become strategically useful when you can troll back."
This implies that the original company was trolling and not legitimately defending against a company using their stolen source code. Yieldify have made some a deal with this patent troll to defend themselves in court. They are alleging the patent, being held solely for the purposes of reselling, somehow absolves them from using stolen source code and other technology.
Omg they bought the internet protocol.
The web is 27 years old, how is a 9 year old patent ancient in that context?
They sit on the patent, then only spring up a year or two after a product has launched when sales are well underway. There should be a time limit on when you are allowed to file for patent infringement
If a patent holder intentionally sleeps on his rights to allow infringements to pile up, the equitable defense of estoppel by laches is supposed to prevent such a patent holder from collecting back damages.
About copyright, a term of 70 years after the death of the creator is far too long
The rationale for this copyright term is that those family members who knew an author personally ought to know best how the author wanted the work exploited. That's why the Berne Convention defines life plus 50, as an approximation of the life of the author's grandchildren. The subsequent extension to life plus 70 was intended to correct the approximation for increased life expectancy, not to act as corporate welfare. If you disagree with a life of grandchildren copyright term, that ship unfortunately sailed about a century ago, as you'd have to tear apart the WTO to dismantle it.
I've read TFA twice and I'm still not sure whether Google uses the patent in question in an offensive or a defensive way. Surely countersuing against a patent litigation with patents of your own is rightful self defence. Countersuing with patents against a copyright litigation is very different though. And even if Google is only purchasing these patents for defence, it is giving funds to patent trolls by buying from them, making filing bogus patents a lucrative business.
"Trolling", as in trying to provoke a reaction, is a fishing term. https://en.wikipedia.org/wiki/Trolling_(fishing)
Being a "patent troll" means you are acting like a troll under a bridge, which is different.
Myhrvold, yet another greedy jew shyster out to fuck everyone over
Is there a company out there named -ify or -ly that I doesn't deserve an automatic javascript block in my NoScript rules? It seems to be a hallmark of shitty ad industry website bloat
Big companies want to take things for free and not pay. Patent is granted after certain conditions are met hence the protection. Too many times the small inventor can't take on the large company hence the advent of companies which buy patents from the small time guy or defunct companies and make sure some unethical company can't steal the technology.
So if you came up with a patent but didn't have the money to implement, it is ok for Google to just take it? Offcourse not!!! Pay the patent holder.
Another solution is to stop granting the patents to trivial ideas and only genuinely novel concepts which is what a patent should be granted for.
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