Breaking News
Blog

MIT Study Says Patent Trolls Kill Innovation

< Previous Page 2 / 2
View Comments: Newest First | Oldest First | Threaded View
C VanDorne
User Rank
CEO
Re: Startling conclusion!
C VanDorne   6/20/2014 3:42:19 PM
NO RATINGS
ATLA, Lawyers Guild, etc. donate too much money to BHO and his party for him to seriously do anything about it.  Treat that one like the "red line" on Syria and don't hold your breath.

Pablo Valerio
User Rank
Blogger
Re: Startling conclusion!
Pablo Valerio   6/20/2014 7:11:52 AM
NO RATINGS
I'm not against lawyers and patent lawsuits, there are both necessary to protect legitimate IP and innovation. But patent trolls are a different issue. The Obama administration has been trying to help small companies fight litigation against them and considers this a very serious threat to innovation.

"How big of a problem are patent trolls? Consider this: last year [2012] we estimate that patent trolls sent out over 100,000 demand letters, threatening everyone from Fortune 500 companies to corner coffee shops and even regular consumers to pay a settlement or face a day in court. The number of these suits has exploded in recent years. " Gene Sperling, Former Director of the National Economic Council and Assistant to the President for Economic Policy, wrote on the White House blog last year.

He introduced a White House report on the impact of PAEs showing that "In the last two years [2011-2012], the number of lawsuits brought by patent trolls has nearly tripled, and account for 62% of all patent lawsuits in America. All told, the victims of patent trolls paid $29 billion in 2011, a 400% increase from 2005 — not to mention tens of billions dollars more in lost shareholder value."

 

C VanDorne
User Rank
CEO
Startling conclusion!
C VanDorne   6/19/2014 1:40:57 PM
NO RATINGS
So...lawyers stifle innovation and retard progress?  Wow.  You mean that if you put a leach on a host the host will be impaired.  Shocking.

Okay, maybe I shouldn't be so cynical.  I'm glad somebody put some empirical evidence behind what seems all too obvious.  After all, it's not called the "Department of Business Prevention" for nothing.

Then again, the optimist in me compels me to ask my US colleagues if these trolls are actually doing America a favor.  Maybe not the Americans we'd like to see (us) but at least some Americans.  Over the last 20 years, in our lust for low-cost manufacturing, we have sent a boatload of manufacturing and technical IP (future dollars) over to Asia, specifically China.  Maybe if a portion of that coin re-shores then we can at least call that a win for the home team?  Even though we in the technical or manufacturing sector aren't scoring the runs can we at least be happy for the other hitters on the team?  In another sports analogy, it's kind of like a Redskins fan cheering for the Giants in the SB because it's a little less painful than watching the Patsy's run away with another one.

Is that too much of a stretch?

C VanDorne
User Rank
CEO
Startling conclusion!
C VanDorne   6/19/2014 1:40:55 PM
NO RATINGS
So...lawyers stifle innovation and retard progress?  Wow.  You mean that if you put a leach on a host the host will be impaired.  Shocking.

Okay, maybe I shouldn't be so cynical.  I'm glad somebody put some empirical evidence behind what seems all too obvious.  After all, it's not called the "Department of Business Prevention" for nothing.

Then again, the optimist in me compels me to ask my US colleagues if these trolls are actually doing America a favor.  Maybe not the Americans we'd like to see (us) but at least some Americans.  Over the last 20 years, in our lust for low-cost manufacturing, we have sent a boatload of manufacturing and technical IP (future dollars) over to Asia, specifically China.  Maybe if a portion of that coin re-shores then we can at least call that a win for the home team?  Even though we in the technical or manufacturing sector aren't scoring the runs can we at least be happy for the other hitters on the team?  In another sports analogy, it's kind of like a Redskins fan cheering for the Giants in the SB because it's a little less painful than watching the Patsy's run away with another one.

Is that too much of a stretch?

betajet
User Rank
CEO
Woo Hoo!
betajet   6/19/2014 1:31:47 PM
NO RATINGS
Here's the .pdf of the Alice v. CLS bank decision.

The summary quote:
The question presented is whether these claims are patent-eligible under 35 U. S. C. §101, or are instead drawn to a patent-ineligible abstract idea. We hold that the claims at issue are drawn to the abstract idea of intermediated settlement, and that merely requiring generic computer implementation fails to transform that abstract idea into a patent-eligible invention.

A unanimous decision!

Pablo Valerio
User Rank
Blogger
Re: Interesting
Pablo Valerio   6/19/2014 1:02:51 PM
NO RATINGS
Thank you Susan, I knew about the decision when finishing the piece. I believe it is a good decision, a step forward to regulate something that has become a big deterrant for legitimate innovation. 

lakehermit
User Rank
Rookie
Rush to legislate
lakehermit   6/19/2014 12:45:13 PM
NO RATINGS
"From 2004 through 2012, patent lawsuits in the U.S. more than doubled, from around 2,500 to over 5,000 annually" It is now well known that the increase in lawsuits is in large part a result of the AIA legislation passed by Congress. Instead of decreasing patent infringement lawsuits as intended, it actually caused an increase. See http://www.sgrlaw.com/resources/trust_the_leaders/leaders_issues/ttl31/1779/. It is a classic example of a lobbyist driven rush to legislate by Congress without considering the long term effects of that legislation. Congress almost did it again this year but the lobbyist proposed legislation was stopped when other more pressing matters came up.

Susan Rambo
User Rank
Blogger
Interesting
Susan Rambo   6/19/2014 12:22:15 PM
NO RATINGS
Timely post in light of the Supreme Court decision on software patents.

More Blogs
The first products are about to adopt the new 802.15.4p positive train control standard, which promises to decrease fatal accidents on railways around the globe.
Everything that uses energy uses too much if it. Energy Efficient Ethernet reduces power in wired networks.
Emotional prosthetics, modular smartbands and sixth sense necklaces make up finalists for Intel’s Make It Wearable Challenge.
Smart thermostats are not only for the well-to-do. One group is developing them to help keep tenement dwellers warm.
LG's G Watch R and Samsung's Gear S do little to shake up the wearable market. Perhaps Apple's upcoming device will.
Flash Poll
Radio
LATEST ARCHIVED BROADCAST
EE Times editor Junko Yoshida grills two executives --Rick Walker, senior product marketing manager for IoT and home automation for CSR, and Jim Reich, CTO and co-founder at Palatehome.
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed