The idea behind patents is to protect the inventor to build his product without competition. Somehow it has turned into something else. A way to print money and sell the rights to anyone. Just doesn't seem right compared to the initial intent.
It seems that these companies purchasing patents might be subsideries of the giant companies, otherwise how come it would be possible to purchase 1400 patents by a company that is not known to everyone.
There was a press release on June 29, 2011 that Wi-LAN paid $8M for 60 patents from Glenayre Electronics, a company in Duluth, GA.
And here, less than a week later, there is this settlement with TI.
I have two questions:
(1) What was Glenayre Electronics doing all this time, if these patents were so essential to Bluetooth?
(2) Why is it that so many patent trolls are Canadian companies?
Perhaps the real issue is that our world is becoming so interconnected that "everything interacts with everything". Carving out an isolated concept for a stand alone patent is becoming increasing challenging since new technologies interact with other new devices which remain under patent protection. The days are past in which an invention (the better mousetrap) is a completely stand alone device with no external intellectual property encumbrances.
The Other Tesla David Blaza5 comments I find myself going to Kickstarter and Indiegogo on a regular basis these days because they have become real innovation marketplaces. As far as I'm concerned, this is where a lot of cool ...