Cloak of secrecy
Yet both companies in this case spent tens of millions just to get a
hearing. On top of the cost of the case, Samsung stands to lose more
than $1 billion because the jury decided largely against it.
case is just one example among hundreds, thousands. Every day companies
are quietly negotiating licensing deals with their competitors for
access to intellectual property. No one knows how much they should or
Interestingly, no one talks about how much they
do pay either. No one knows the price paid to buy or license patents in
the vast majority of transactions. It’s all handled under a cloak of
In this cost-squeezed industry, patents represent one of
the last huge markets yet to come under serious scrutiny. I say, let’s
make this business transparent -- starting today.
Set a standard, pass a law. All patents are heretofore sold for 50 cents a pound.
ahead and scream that my idea is absurd. Those who scream the loudest
will be the ones reaping the thickest margins on junk patents. Fine,
make it a dollar a pound and be done with it.
Cloud gaming patent arrives--after 8 years
Navigating the shifts in U.S. patent law
Dealing with mad patent disease
Survival Guide to the Mobile Patent Wars
Apple-Samsung trial coverage