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IP trolling firms make more waves

12/31/2010 06:57 PM EST
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lakehermit
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re: IP trolling firms make more waves
lakehermit   1/4/2011 12:12:58 AM
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Do you have a vacant room in your place? Since you have problems with individual property rights I'll be right over with some homeless people who want to live in your room for a while. I'm sure you won't mind any more than you mind some patent thief infringing someone's patent. By the way, the problem with the lawyers is the average corporation that would rather pay some lawyers $1000 per hour than admit they did something wrong and try to make it right.

Duane Benson
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re: IP trolling firms make more waves
Duane Benson   1/3/2011 10:33:31 PM
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Nathan, I really struggle with this one. I'm in favor of people being able to make a living off of what they own or have created, but it seems like there is something wrong in there mixed in with the right. In your house analogy, I don't have a problem with people buying houses without intention to live in them, but I have discomfort with the practice of turning loan portfolios into traded securities - especially when poorly used and regulated as happened in the recent past. Due to the complexity of the patent system (as well as the real estate financial system), I find it pretty difficult to articulate my concerns in this area. I do believe that the patent system was designed to encourage invention and advancement. It just seems like there is a good amount of the opposite going on as well.

NathanGrossman
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re: IP trolling firms make more waves
NathanGrossman   1/3/2011 10:12:27 PM
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Duane, do you have a problem with people buying and selling houses that they have no intention of living in? Do you have a problem with people buying and selling grain that they have intention of eating or using to make food products? Intellectual Property rights are no different from other types of property rights for a reason: For property to be valuable, it must be tradeable on the open market. Otherwise, the creator of that property cannot extract the full value of his/her creation, and the incentive to create things of value suffers. Also, patents often come on the open market when companies go out of business. If others cannot buy and exploit the full value of that intellectual property, then the investors/creditors of the company cannot recoup as much of their investment as possible.

Duane Benson
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re: IP trolling firms make more waves
Duane Benson   1/3/2011 8:49:31 PM
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I really don't think the patent system was created to fund people that have no interest in developing technology (or other products). I'm a little mixed on the subject though. If someone invents something, they should be able to profit from that invention whether they can afford to build and market it or not. If these organizations help inventors do that, then I support them in that particular activity. On the other hand, companies that do nothing buy buy up patent portfolios from other companies or defunct companies and run around suing people as their only source of income... I think there's a lot of room for exploitation there. Especially in cases where an item has been independently invented or is so obvious that a number of people came up with it.

Code Monkey
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re: IP trolling firms make more waves
Code Monkey   1/3/2011 7:57:46 PM
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It's true that Chuck's small cut (if he sees it) will fund work at GreenArrays, but I don't think the patent system was intended to primarily enrich lawyers? Or was it?

sharps_eng
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re: IP trolling firms make more waves
sharps_eng   1/3/2011 12:05:08 AM
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Its a shame that the whole Patriot-TPL thing has got mired in litigation because there is nothing wrong with the Moore patents; some serious US engineering and a fine story of the lone inventor using the patent system for its intended purpose. We may yet see results from GreenArrays (although their marketing is unfortunately also a bit 'lone inventor').

zeeglen
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re: IP trolling firms make more waves
zeeglen   1/1/2011 2:35:34 AM
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Don't know. The last time I saw him he was working in engineering sales expanding his legal horizons. As I recall we did not make any purchases from that particular sales team.

Silicon_Smith
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re: IP trolling firms make more waves
Silicon_Smith   12/31/2010 11:37:52 PM
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Did he manage to sue anything ever?

zeeglen
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re: IP trolling firms make more waves
zeeglen   12/31/2010 8:50:05 PM
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Doctors heal. Engineers build. Parasite lawyers get rich suing both. Many years ago I had to work with a young twerp just out of engineering school. He admitted he did not want to be an engineer, he was just getting some engineering 'experience' so he could go to law school and get rich suing big corporations over engineering patents. His engineering experience would aid his law credentials. After six months of producing nothing that worked he was fired.

Warren3
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CEO
re: IP trolling firms make more waves
Warren3   12/31/2010 8:36:52 PM
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Yes, I'd say that moving from a $3mil loss last year to a $24mil net gain represents a big year.

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