Patent Troll Now Armed With Thousands of Nortel Patents 220
dgharmon writes in with a story about the final outcome of thousands of Nortel patents that were bought last July. "You may recall last summer that Apple, Microsoft, EMC, RIM, Ericsson and Sony all teamed up to buy Nortel's patents for $4.5 billion. They beat out a team of Google and Intel who bid a bit less. While there was some antitrust scrutiny over the deal, it was dropped and the purchase went through. Apparently, the new owners picked off a bunch of patents to transfer to themselves... and then all (minus EMC, who, one hopes, was horrified by the plans) decided to support a massive new patent troll armed with the remaining 4,000 patents. The company is called Rockstar Consortium, and it's run by the folks who used to run Nortel's patent licensing program anyway — but now employs people whose job it is to just find other companies to threaten." On a semi-related note, there is a new petition to the White House to make a law that patent lawsuits that find for the defendant automatically fine the plaintiff three times the damages they were seeking."
GOOD! (Score:2, Interesting)
Comment removed (Score:5, Interesting)
The oldest and wisest profession (Score:2, Interesting)
But being a lawyer makes more money and you get to decide who you screw.
A lot of highly paid escorts would disagree with you.
There are lower tier escorts that might not have as much choice, but there are a lot of entry level lawyers with even less choice - and probably worse pay when you factor in takeaway after the student loan payment.
Re:A Very New Petition (Score:5, Interesting)
Use it or loss it should be the way to go. You get granted a patent or buy it and if in say 2 years you don't have a commercially available product that uses that patient it goes into public domain. You can't sue someone unless you have an actual product that customers could have bought instead after that period. Before that period you can sue as normal since it might take a couple years to spin up production. But sitting on it and hoping someone infringes is BS.
Re:Meanwhile, in California... (Score:5, Interesting)
..they seem to be poor while the less honorable ones seem to profiting....
The same can be said of politicians and pretty much any other profession. Its sad when the less honorable are rewarded for being that way. Its sad when we the sheeple, continue to support their BS by doing business with them, buying their products (gas, oil, energy, current financial system, etc...) At what point does this gravitate toward Fascism from Capitalism...is debatable, with the debate being shaped by the media and talking points utterly controlled by those same not honorable 1%. Personally I think we are already there...Fascism.
In my mind Capitalism requires:
In 1914 the Ford Motor Company announced that it would henceforth pay eligible workers a minimum wage of $5 a day (compared to an average of $2.34 for the industry) and would reduce the work day from nine hours to eight, thereby converting the factory to a three-shift day. [willamette.edu]
The current health care system of Dont get sick... if you get sick Die Quickly [youtube.com] is woefully inadequate.
A month later Ford was made chief engineer at the main Detroit Edison Company plant with responsibility for maintaining electric service in the city 24 hours a day. Because he was on call at all times, he had no regular hours and could experiment to his heart's content. [willamette.edu]